While Methode Electronics, Inc. has overperformed by 0.53%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MEI fell by -72.00%, with highs and lows ranging from $46.58 to $11.09, whereas the simple moving average fell by -47.71% in the last 200 days.
On April 09, 2024, Jefferies started tracking Methode Electronics, Inc. (NYSE: MEI) recommending Hold. A report published by Sidoti on March 07, 2024, Downgraded its rating to ‘Neutral’ for MEI. Jefferies also rated MEI shares as ‘Buy’, setting a target price of $52 on the company’s shares in an initiating report dated November 22, 2022. Robert W. Baird initiated its ‘Neutral’ rating for MEI, as published in its report on October 20, 2020. B. Riley FBR’s report from March 19, 2020 suggests a price prediction of $24 for MEI shares, giving the stock a ‘Neutral’ rating. Craig Hallum also rated the stock as ‘Buy’.
Analysis of Methode Electronics, Inc. (MEI)
Investors in Methode Electronics, Inc. will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.56 per share. Further, the quarter-over-quarter decrease in sales is -7.35%, showing a negative trend in the upcoming months.
One of the most important indicators of Methode Electronics, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -6.51% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.85, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and MEI is recording 599.58K average volume. On a monthly basis, the volatility of the stock is set at 4.23%, whereas on a weekly basis, it is put at 4.84%, with a loss of -3.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.33, showing growth from the present price of $11.42, which can serve as yet another indication of whether MEI is worth investing in or should be passed over.
How Do You Analyze Methode Electronics, Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.59%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 97.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MEI shares are owned by institutional investors to the tune of 97.20% at present.
