Value Investing Philosophy And Montrose Environmental Group Inc (NYSE: MEG)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

MEG belongs to the Industrials sector of the NYSE while operating in the Waste Management industry. The current market capitalization of Montrose Environmental Group Inc is $1.06B. A total of 1.12 million shares were traded on the day, compared to an average of 351.03K shares.

In the most recent transaction, Manthripragada Vijay sold 12,500 shares of MEG for 46.51 per share on May 06 ’24. After the transaction, the President & CEO now owns 316,637 company shares. In a previous transaction on Nov 10 ’23, Dicks Allan bought 2,000 shares at 25.68 per share. MEG shares that Chief Financial Officer owns now total 264,124.

Among the insiders who bought shares, Field Janet Risi acquired of 500 shares on Nov 10 ’23 at a per-share price of $25.25. This resulted in the Director holding 14,506 shares of MEG after the transaction. In another insider transaction, Fernandez de Castro Jose Migue bought 10,000 shares at $32.94 per share on Sep 12 ’23. Company shares held by the Director now total 139,110.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, MEG has a high of $49.97 and a low of $21.96.

As of this writing, MEG has an earnings estimate of -$0.22 per share for the current quarter. EPS was calculated based on a consensus of 3.0 estimates, with a high estimate of -$0.18 per share and a lower estimate of -$0.28. The company reported an EPS of -$0.38 in the last quarter

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MEG’s latest balance sheet shows that the firm has $146.74M in Cash & Short Term Investments as of fiscal 2021. There were $205.77M in debt and $147.69M in liabilities at the time. Its Book Value Per Share was $10.60, while its Total Shareholder’s Equity was $316.50M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MEG is Buy with a score of 4.83.

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