Myers Industries Stock Price on March 1, 2024
| MYE Stock | USD 21.90 0.40 1.79% |
Below is the normalized historical share price chart for Myers Industries extending back to March 17, 1980. 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 Myers Industries stands at 21.90, as last reported on the 1st of May, with the highest price reaching 22.18 and the lowest price hitting 21.90 during the day.
If you're considering investing in Myers Stock, it is important to understand the factors that can impact its price. Myers Industries appears to be very steady, given 3 months investment horizon. Myers Industries has Sharpe Ratio of 0.14, which conveys that the firm had a 0.14% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Myers Industries, which you can use to evaluate the volatility of the firm. Please exercise Myers Industries' Risk Adjusted Performance of 0.1058, mean deviation of 1.21, and Downside Deviation of 1.58 to check out if our risk estimates are consistent with your expectations.
At present, Myers Industries' Capital Stock is projected to increase significantly based on the last few years of reporting. . At present, Myers Industries' Price To Free Cash Flows Ratio is projected to increase slightly based on the last few years of reporting. Myers Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 8th of September 1987 | 200 Day MA 19.0974 | 50 Day MA 21.2934 | Beta 1.327 |
Myers |
Sharpe Ratio = 0.1372
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Estimated Market Risk
| 1.84 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.25 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average Myers Industries is performing at about 10% 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 Myers Industries by adding it to a well-diversified portfolio.
Price Book 2.7427 | Enterprise Value Ebitda 9.1212 | Price Sales 0.9877 | Shares Float 36.3 M | Dividend Share 0.54 |
Myers Industries Valuation on March 1, 2024
It is possible to determine the worth of Myers Industries on a given historical date. On March 1, 2024 Myers was worth 19.31 at the beginning of the trading date compared to the closed value of 19.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Myers Industries stock. Still, in general, we apply an absolute valuation method to find Myers Industries' 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 Myers Industries where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Myers Industries' related companies.
| Open | High | Low | Close | Volume | |
| 19.30 | 19.40 | 19.11 | 19.11 | 184,847 | |
03/01/2024 | 19.31 | 19.31 | 18.87 | 19.10 | 135,777 |
| 19.50 | 19.68 | 19.23 | 19.30 | 157,484 |
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Myers Industries Trading Date Momentum on March 1, 2024
| On March 04 2024 Myers Industries was traded for 19.30 at the closing time. Highest Myers Industries's price during the trading hours was 19.68 and the lowest price during the day was 19.23 . The net volume was 157.5 K. The overall trading history on the 4th of March contributed to the next trading period price growth. The trading delta at closing time to the next next day price was 1.05% . The trading delta at closing time to current price is 10.84% . |
Myers Industries Fundamentals Correlations and Trends
By evaluating Myers Industries' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Myers Industries' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Myers financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Myers Industries Stock history
Myers Industries 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 Myers is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Myers Industries 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 Myers Industries stock prices may prove useful in developing a viable investing in Myers Industries
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 37.1 M | 36.7 M | |
| Net Income Applicable To Common Shares | 69.3 M | 72.8 M |
Myers Industries Quarterly Net Working Capital |
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Myers Industries Stock Technical Analysis
Myers Industries 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
Myers Industries Period Price Range
Low | March 1, 2024
| High |
19.31 | 19.10 |
Myers Industries May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Myers Industries stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Myers Industries shares will generate the highest return on investment. By undertsting and applying Myers Industries stock market strength indicators, traders can identify Myers Industries entry and exit signals to maximize returns
Myers Industries Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Myers Industries' price direction in advance. Along with the technical and fundamental analysis of Myers Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Myers 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 | 0.1058 | |||
| Jensen Alpha | 0.2543 | |||
| Total Risk Alpha | 0.1288 | |||
| Sortino Ratio | 0.1374 | |||
| Treynor Ratio | 1.12 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Myers Industries. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in manufacturing. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Myers Stock analysis
When running Myers Industries' price analysis, check to measure Myers Industries' 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 Myers Industries is operating at the current time. Most of Myers Industries' value examination focuses on studying past and present price action to predict the probability of Myers Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Myers Industries' price. Additionally, you may evaluate how the addition of Myers Industries to your portfolios can decrease your overall portfolio volatility.
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Is Myers Industries' 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 Myers Industries. If investors know Myers 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 Myers Industries 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 (0.06) | Dividend Share 0.54 | Earnings Share 1.32 | Revenue Per Share 22.128 | Quarterly Revenue Growth (0.10) |
The market value of Myers Industries is measured differently than its book value, which is the value of Myers that is recorded on the company's balance sheet. Investors also form their own opinion of Myers Industries' value that differs from its market value or its book value, called intrinsic value, which is Myers Industries' 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 Myers Industries' market value can be influenced by many factors that don't directly affect Myers Industries' 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 Myers Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Myers Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Myers Industries' 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.