Myers Industries Inc (NYSE:MYE) traded at $11.25 at close of the session on Tuesday, November 26 and made a downward move of -0.35% on its previous day’s price.
Looking at the stock we see that its previous close was $11.29 and the beta (5Y monthly) reads 1.25 with the day’s price range being $10.8803 – $11.46. The company has a trailing 12-month PE ratio of 27.10. In terms of its 52-week price range, MYE has a high of $23.63 and a low of $10.35. The company’s stock has lost about -10.22% over that past 30 days.
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Myers Industries Inc has a market cap of $419.17 million and is expected to release its quarterly earnings report in December. With its Forward Dividend at 0.54 and a yield of 4.80%, the company’s investors could be anxious for the MYE stock to gain ahead of the earnings release.
On the other hand, looking at the outlook for the MYE stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note that the PEG ratio for the MYE stock currently stands at 1.35, and the current price level is -3.64% off its SMA20 and -10.30% from its 50-day simple moving average. The RSI (14) is pointing at 40.65 while the volatility over the past week is 6.84% and jumps to 4.75% over the past one month. The beta value is 1.24, while the average true range (ATR) is currently pointing at 0.54. The average price target for the stock over the next 12 months is $30, with the estimates having a low of $30 and a high of $30. These price ends are -166.67% and -166.67% off the current price level respectively, although investors could be excited at the prospect of a -166.67% if the MYE share price touches on the median price of $30.
Coming back to Myers Industries Inc (NYSE:MYE), we note that the average 3-month trading volume was 275.47K, while that of the preceding 10-day period stands at 0.58 million. Current shares outstanding are 36.85 million.
The insiders hold 1.70% of the company’s shares while institutions hold 91.10%. The data shows that short shares as of 2024-11-15, stood at 1.12 million at a short ratio of 4.08. This represents a 436.00 short interest in shares outstanding on 2024-11-15. Shares short rose in November from the previous month at 0.83 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -42.46% down in year-to-date price movement.
