Methode Electronics, Inc. Inc. (MEI) Price Performance: The Role of Supply and Demand

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -59.79% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -56.43%. Over the past 30 days, the price of MEI has leaped by -15.53%. And in the last five days, it has fallen by -8.87%.

Methode Electronics, Inc. experienced a rather shaky stock market performance. The highest value in the past year was recorded at $34.04 on 07/13/23 and the lowest value was $8.54 on 06/10/24.

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52-week price history of MEI Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Methode Electronics, Inc.’s current trading price is -73.15% away from its 52-week high, while its distance from the 52-week low is 7.03%. The stock’s price range during this period has varied between$8.54 and $34.04. The Methode Electronics, Inc.’s shares, which operate in the Technology, saw a trading volume of around 0.49 million for the day, a figure considerably lower than their average daily volume of 0.64 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Methode Electronics, Inc. (MEI) has experienced a quarterly decline of -27.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 323.46M and boasts a workforce of 6700 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 13.04, with a change in price of -11.29. Similarly, Methode Electronics, Inc. recorded 667,272 in trading volume during the last 100 days, posting a change of -55.26%.

MEI’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MEI stands at 0.43. Similarly, the long-term debt-to-equity ratio is also 0.42.

MEI Stock Stochastic Average

As of today, Methode Electronics, Inc.’s raw stochastic average for the last 50 days stands at 14.56%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 25.16%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 36.10% and 42.34%, respectively.

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