Mueller Industries, Inc (NYSE:MLI) shares, rose in value on Friday, December 13, with the stock price down by -0.57% to the previous day’s close as strong demand from buyers drove the stock to $82.48.
Actively observing the price movement in the last trading, the stock closed the session at $82.95, falling within a range of $81.54 and $83.67. The value of beta (5-year monthly) was 1.021 whereas the PE ratio was 16.03 over 12-month period. Referring to stock’s 52-week performance, its high was $96.81, and the low was $41.94. On the whole, MLI has fluctuated by -9.36% over the past month.
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With the market capitalization of Mueller Industries, Inc currently standing at about $9.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 0.97%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.74B, with a low estimate of 893M and a high estimate of 893M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 893M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MLI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.34, with the price of MLI currently trading nearly -1.17% and 0.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.44, while the 7-day volatility ratio is showing 3.07% which for the 30-day chart, stands at 3.14%. Furthermore, Mueller Industries, Inc (MLI)’s beta value is 1.00, and its average true range (ATR) is 2.77.
A comparison of Mueller Industries, Inc (MLI) with its peers suggests the former has fared considerably weaker in the market. MLI showed an intraday change of -0.57% in last session, and over the past year, it grew by 88.74%%.
Data on historical trading for Mueller Industries, Inc (NYSE:MLI) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 1.28 million. According to company’s latest data on outstanding shares, there are 113.73 million shares outstanding.
Nearly 3.54% of Mueller Industries, Inc’s shares belong to company insiders and institutional investors own 93.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.43 million shares as on 2024-11-29, resulting in a short ratio of 1.84. According to the data, the short interest in Mueller Industries, Inc (MLI) stood at 429.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 3.74 million. The stock has risen by 74.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MLI stock heading into the next quarter.
