Montrose Environmental Group Inc (NYSE:MEG) price on current trading day, rose 18.53% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.73.
A look at the stock’s price movement, the close in the last trading session was $10.74, moving within a range at $10.51 and $12.91. The beta value (5-Year monthly) was 1.809. Turning to its 52-week performance, $49.97 and $10.58 were the 52-week high and 52-week low respectively. Overall, MEG moved -27.63% over the past month.
Montrose Environmental Group Inc’s market cap currently stands at around $441.27 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 168.06M for the company’s revenue for the quarter, with a low and high estimate of 167M and 170M respectively. The average forecast suggests up to a 8.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 756.28M, representing a 8.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MEG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 4 recommend MEG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MEG’s current price about -11.20% and -26.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.26, while 7-day volatility ratio is 14.53% and 8.34% in the 30-day chart. Further, Montrose Environmental Group Inc (MEG) has a beta value of 1.84, and an average true range (ATR) of 1.34. Analysts have given the company’s stock an average 52-week price target of $43, forecast between a low of $43 and high of $43. Looking at the price targets, the low is -237.78% off current price level while to achieve the yearly target high, price needs to move -237.78%. Nonetheless, investors will most likely welcome a -237.78% jump to $43 which is the analysts’ median price.
If we refocus on Montrose Environmental Group Inc (NYSE:MEG), historical trading data shows that trading volumes averaged 0.7 over the past 10 days and 535.91K over the past 3 months. The company’s latest data on shares outstanding shows there are 34.31 million shares.
The 12.29% of Montrose Environmental Group Inc’s shares are in the hands of company insiders while institutional holders own 99.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.19 million on 2025-03-14, giving us a short ratio of 6.2. The data shows that as of 2025-03-14 short interest in Montrose Environmental Group Inc (MEG) stood at 989.0000499999999 of shares outstanding, with shares short falling to 3.34 million registered in 2025-02-14. Current price change has pushed the stock -31.37% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MEG stock continues to rise going into the next quarter.
