While MYR Group Inc has overperformed by 20.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, MYRG fell by -13.83%, with highs and lows ranging from $168.88 to $86.60, whereas the simple moving average jumped by 15.94% in the last 200 days.
On April 08, 2025, Piper Sandler started tracking MYR Group Inc (NASDAQ: MYRG) recommending Neutral. A report published by KeyBanc Capital Markets on March 14, 2025, Upgraded its rating to ‘Overweight’ for MYRG. Sidoti also Downgraded MYRG shares as ‘Neutral’, setting a target price of $165 on the company’s shares in a report dated February 26, 2024. Goldman initiated its ‘Buy’ rating for MYRG, as published in its report on December 15, 2023. Stifel’s report from November 16, 2023 suggests a price prediction of $144 for MYRG shares, giving the stock a ‘Buy’ rating. Sidoti also rated the stock as ‘Buy’.
Analysis of MYR Group Inc (MYRG)
Further, the quarter-over-quarter decrease in sales is -17.37%, showing a negative trend in the upcoming months.
In order to gain a clear picture of MYR Group Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 4.84% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.35, 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.
An average volume of 237.74K can be a very valuable indicator of volatility for MYRG stock. On a monthly basis, the volatility of the stock is set at 6.90%, whereas on a weekly basis, it is put at 6.02%, with a gain of 21.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $146.00, showing decline from the present price of $147.10, which can serve as yet another indication of whether MYRG is worth investing in or should be passed over.
How Do You Analyze MYR Group Inc Shares?
The USA based company MYR Group Inc (MYRG) is one of the biggest names in Engineering & Construction. When comparing MYR Group Inc shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 79.47, there is a growth in quarterly earnings of -30.97%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 1.96%. 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 95.75% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
MYRG shares are owned by institutional investors to the tune of 95.75% at present.
