Mayville Engineering Co Stock Price on May 7, 2024
| MEC Stock | USD 15.97 0.01 0.06% |
Below is the normalized historical share price chart for Mayville Engineering Co extending back to May 09, 2019. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Mayville Engineering stands at 15.97, as last reported on the 31st of May, with the highest price reaching 16.15 and the lowest price hitting 15.86 during the day.
If you're considering investing in Mayville Stock, it is important to understand the factors that can impact its price. Mayville Engineering appears to be not too volatile, given 3 months investment horizon. Mayville Engineering has Sharpe Ratio of 0.16, which conveys that the firm had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mayville Engineering, which you can use to evaluate the volatility of the firm. Please exercise Mayville Engineering's Risk Adjusted Performance of 0.118, mean deviation of 1.82, and Downside Deviation of 1.96 to check out if our risk estimates are consistent with your expectations.
At present, Mayville Engineering's Stock Based Compensation To Revenue is projected to slightly decrease based on the last few years of reporting. . At present, Mayville Engineering's Price Earnings Ratio is projected to decrease significantly based on the last few years of reporting. The current year's Price Book Value Ratio is expected to grow to 2.01, whereas Price Earnings To Growth Ratio is forecasted to decline to (0.67). Mayville Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 9th of May 2019 | 200 Day MA 12.8787 | 50 Day MA 14.4752 | Beta 0.833 |
Mayville |
Sharpe Ratio = 0.1578
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Estimated Market Risk
| 2.67 actual daily | 23 77% of assets are more volatile |
Expected Return
| 0.42 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Mayville Engineering is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mayville Engineering by adding it to a well-diversified portfolio.
Price Book 1.2016 | Enterprise Value Ebitda 8.2979 | Price Sales 0.4696 | Shares Float 12 M | Wall Street Target Price 19.5 |
Mayville Engineering Main Headline on 7th of May 2024
Mayville Engineering Co Inc Reports Q1 2024 Earnings A Detai... by gurufocus.com
Net Sales Reported 161.27 million, up 13.1 percent year-over-year, surpassing the estimate of 159.35 million.Net Income Achieved 3.24 million, exceeding the esti
Mayville Engineering Valuation on May 7, 2024
It is possible to determine the worth of Mayville Engineering on a given historical date. On May 7, 2024 Mayville was worth 13.95 at the beginning of the trading date compared to the closed value of 13.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mayville Engineering stock. Still, in general, we apply an absolute valuation method to find Mayville Engineering's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mayville Engineering where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mayville Engineering's related companies.
| Open | High | Low | Close | Volume | |
| 13.97 | 14.08 | 13.91 | 13.97 | 67,467 | |
05/07/2024 | 13.95 | 14.24 | 13.61 | 13.62 | 102,439 |
| 13.40 | 15.04 | 13.40 | 15.00 | 230,633 |
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Mayville Engineering Trading Date Momentum on May 7, 2024
| On May 08 2024 Mayville Engineering Co was traded for 15.00 at the closing time. Highest Mayville Engineering's price during the trading hours was 15.04 and the lowest price during the day was 13.40 . The net volume was 230.6 K. The overall trading history on the 8th of May contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 10.13% . The trading delta at closing time to current price is 13.14% . |
Mayville Engineering Fundamentals Correlations and Trends
By evaluating Mayville Engineering's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mayville Engineering's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mayville financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mayville Engineering Stock history
Mayville Engineering investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mayville is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mayville Engineering will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mayville Engineering stock prices may prove useful in developing a viable investing in Mayville Engineering
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 20.7 M | 21.8 M | |
| Net Income Applicable To Common Shares | 16.9 M | 17.7 M |
Mayville Engineering Quarterly Net Working Capital |
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Mayville Engineering Stock Technical Analysis
Mayville Engineering technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Mayville Engineering Period Price Range
Low | May 7, 2024
| High |
13.95 | 13.62 |
Mayville Engineering May 31, 2024 Market Strength
Market strength indicators help investors to evaluate how Mayville Engineering stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mayville Engineering shares will generate the highest return on investment. By undertsting and applying Mayville Engineering stock market strength indicators, traders can identify Mayville Engineering Co entry and exit signals to maximize returns
Mayville Engineering Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mayville Engineering's price direction in advance. Along with the technical and fundamental analysis of Mayville Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mayville to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.118 | |||
| Jensen Alpha | 0.4425 | |||
| Total Risk Alpha | 0.4059 | |||
| Sortino Ratio | 0.2301 | |||
| Treynor Ratio | 0.292 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mayville Engineering Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income. Note that the Mayville Engineering information on this page should be used as a complementary analysis to other Mayville Engineering's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Complementary Tools for Mayville Stock analysis
When running Mayville Engineering's price analysis, check to measure Mayville Engineering's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Mayville Engineering is operating at the current time. Most of Mayville Engineering's value examination focuses on studying past and present price action to predict the probability of Mayville Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Mayville Engineering's price. Additionally, you may evaluate how the addition of Mayville Engineering to your portfolios can decrease your overall portfolio volatility.
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Is Mayville Engineering's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mayville Engineering. If investors know Mayville will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mayville Engineering listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.318 | Earnings Share 0.41 | Revenue Per Share 29.673 | Quarterly Revenue Growth 0.131 | Return On Assets 0.0305 |
The market value of Mayville Engineering is measured differently than its book value, which is the value of Mayville that is recorded on the company's balance sheet. Investors also form their own opinion of Mayville Engineering's value that differs from its market value or its book value, called intrinsic value, which is Mayville Engineering's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mayville Engineering's market value can be influenced by many factors that don't directly affect Mayville Engineering's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mayville Engineering's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mayville Engineering is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mayville Engineering's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.