Myers Industries Inc (NYSE:MYE) price on Friday, June 13, rose 0.89% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $14.67.
A look at the stock’s price movement, the close in the last trading session was $14.54. The PE ratio in trailing twelve months stood at 52.41. Turning to its 52-week performance, $17.39 and $9.06 were the 52-week high and 52-week low respectively. Overall, MYE moved 18.21% over the past month.
Myers Industries Inc’s market cap currently stands at around $548.40 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 0.54, with its dividend yield at 3.68%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
MYE’s current price about 11.13% and 25.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 75.39, while 7-day volatility ratio is 1.39% and 2.35% in the 30-day chart. Further, Myers Industries Inc (MYE) has a beta value of 1.15, and an average true range (ATR) of 0.49. Analysts have given the company’s stock an average 52-week price target of $30, forecast between a low of $30 and high of $30. Looking at the price targets, the low is -104.5% off current price level while to achieve the yearly target high, price needs to move -104.5%. Nonetheless, investors will most likely welcome a -104.5% jump to $30 which is the analysts’ median price.
If we refocus on Myers Industries Inc (NYSE:MYE), historical trading data shows that trading volumes averaged 281.91K over the past 3 months. The company’s latest data on shares outstanding shows there are 37.35 million shares.
The 2.13% of Myers Industries Inc’s shares are in the hands of company insiders while institutional holders own 88.71% of the company’s shares. Current price change has pushed the stock 32.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MYE stock continues to rise going into the next quarter.
