Holdings of Methode Electronics, Inc. (MEI) are aligned with the stars

With 0.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. The 52-week range on MEI shows that it touched its highest point at $46.58 and its lowest point at $11.21 during that stretch. It currently has a 1-year price target of $14.50. With its current market cap of 428.57 million, MEI has annualized dividend of $0.56 while the current yield stands at 4.62%. Beta for the stock currently stands at 0.85.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MEI was up-trending over the past week, with a rise of 0.58%, but this was down by -43.15% over a month. Three-month performance dropped to -47.32% while six-month performance fell -45.89%. The stock lost -71.97% in the past year, while it has lost -46.72% so far this year. A look at the trailing 12-month EPS for MEI yields -1.63 with Next year EPS estimates of 0.07. For the next quarter, that number is -0.20. This implies an EPS growth rate of -145.40% for this year and 106.99% for next year. EPS is expected to grow by 15.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.59%.

Float and Shares Shorts:

At present, 35.82 million MEI shares are outstanding with a float of 33.09 million shares on hand for trading. On Mar 15, 2024, short shares totaled 1.17 million, which was 3.30% higher than short shares on Feb 15, 2024. In addition to MELI as the firm’s MercadoLibre, Inc., MSI serves as its Motorola Solutions, Inc.

Institutional Ownership:

Through their ownership of 98.64% of MEI’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MEI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.