In terms of market performance, Myers Industries Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $23.63 on 03/22/24, while the lowest value was $10.77 on 11/20/24.
52-week price history of MYE Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Myers Industries Inc’s current trading price is -50.49% away from its 52-week high, while its distance from the 52-week low is 8.64%. The stock’s price range for this period has remained between $10.77 and $23.63. The Consumer Cyclical sector company’s shares managed to surpass a trading volume of around 1.2 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.23 million over the last three months.
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Financial Performance and Market Capitalization
Myers Industries Inc (MYE) has experienced a quarterly decline of -20.30% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 435.93M and boasts a workforce of 2500 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.47, with a change in price of -1.54. Similarly, Myers Industries Inc recorded 243,984 in trading volume during the last 100 days, posting a change of -11.63%.
MYE Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MYE stands at 1.55. Similarly, the long-term debt-to-equity ratio is also 1.45.
MYE Stock Stochastic Average
As of today, the raw stochastic average of Myers Industries Inc over the last 50 days is at 31.76%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 57.20%. Further, the company’s Stochastic %K and %D values for the last 20 days were 27.30% and 26.59%, respectively.
MYE Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price decrease of -40.15%. However, over the past six months, we’ve seen a stronger performance of -24.32%. The price of MYE leaped by -7.22% over the last 30 days. And in the last five days, it has fallen by -2.50%.
