Myr Group Stock Today
| MYRG Stock | USD 164.60 0.22 0.13% |
Performance8 of 100
| Odds Of DistressLess than 1
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MYR is trading at 164.60 as of the 25th of April 2024. This is a 0.13 percent up since the beginning of the trading day. The stock's lowest day price was 163.04. MYR has a very small chance of experiencing financial distress in the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for MYR Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of May 2022 and ending today, the 25th of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 13th of August 2008 | Category Industrials |
MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company was founded in 1891 and is headquartered in Henderson, Colorado. MYR operates under Engineering Construction classification in the United States and is traded on NASDAQ Exchange. The company has 16.74 M outstanding shares of which 438.4 K shares are now shorted by private and institutional investors with about 2.57 trading days to cover. More on MYR Group
Moving together with MYR Stock
| 0.81 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.74 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
Moving against MYR Stock
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MYR Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. MYR's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding MYR or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Chairman, CEO and Pres | William Koertner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Construction & Engineering, Engineering & Construction, Industrials, NASDAQ Composite, SP Small-Cap 600, NASDAQ Composite Total, Farming, Construction, Industrials, Construction & Engineering, Engineering & Construction, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering MYR report their recommendations after researching MYR's financial statements, talking to executives and customers, or listening in on MYR's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering MYR Group. The MYR consensus assessment is calculated by taking the average forecast from all of the analysts covering MYR. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of MYR's profitability, liquidity, and operating efficiency, MYR Group is performing exceptionally good at the present time. It has a great likelihood to report excellent financial results in May. Financial strength of MYR Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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MYR's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to MYR's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand MYR's financial leverage. It provides some insight into what part of MYR's total assets is financed by creditors.
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MYR Group (MYRG) is traded on NASDAQ Exchange in USA. It is located in 12121 Grant Street, Thornton, CO, United States, 80241 and employs 9,000 people. MYR is listed under Construction & Engineering category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.75 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate MYR's market, we take the total number of its shares issued and multiply it by MYR's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. MYR Group conducts business under Construction & Engineering sector and is part of Industrials industry. The entity has 16.74 M outstanding shares of which 438.4 K shares are now shorted by private and institutional investors with about 2.57 trading days to cover.
MYR Group currently holds about 35.77 M in cash with 71.02 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.15.
Check MYR Probability Of Bankruptcy
Ownership AllocationMYR Group holds a total of 16.74 Million outstanding shares. The majority of MYR outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in MYR Group to benefit from reduced commissions. Accordingly, institutional holders are subject to a different set of regulations than regular investors in MYR Group. Please pay attention to any change in the institutional holdings of MYR as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check MYR Ownership Details
MYR Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of MYR jumping above the current price in 90 days from now is about 32.58%. The MYR Group probability density function shows the probability of MYR stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.3498. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, MYR will likely underperform. Additionally, mYR Group has an alpha of 0.0485, implying that it can generate a 0.0485 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of MYR to move above the current price in 90 days from now is about 32.58 (This MYR Group probability density function shows the probability of MYR Stock to fall within a particular range of prices over 90 days) .
MYR Stock Institutional Holders
Institutional Holdings refers to the ownership stake in MYR that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of MYR's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing MYR's value.| Instituion | Recorded On | Shares | |
| Neumeier Investment Counsel Llc | 2023-12-31 | 251.3 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 241.6 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 217.3 K | |
| American Century Companies Inc | 2023-12-31 | 206.8 K | |
| Northern Trust Corp | 2023-12-31 | 193.8 K | |
| Gilder Gagnon Howe & Co Llc | 2023-12-31 | 187.1 K | |
| Nuveen Asset Management, Llc | 2023-12-31 | 171.1 K | |
| Federated Hermes Inc | 2023-12-31 | 169.3 K | |
| Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 158.6 K | |
| Blackrock Inc | 2023-12-31 | 3 M | |
| Vanguard Group Inc | 2023-12-31 | 1.3 M |
MYR Historical Income Statement
MYR Group Income Statement is one of the three primary financial statements used for reporting MYR's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of MYR Group revenue and expense. MYR Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, MYR's Total Revenue is most likely to increase significantly in the upcoming years. The MYR's current Gross Profit is estimated to increase to about 377.5 M, while Non Recurring is forecasted to increase to (3 M). View More FundamentalsMYR Stock Against Markets
Picking the right benchmark for MYR stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in MYR stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for MYR is critical whether you are bullish or bearish towards MYR Group at a given time. Please also check how MYR's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in MYR without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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MYR Corporate Directors
MYR corporate directors refer to members of a MYR board of directors. The board of directors generally takes responsibility for the MYR's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MYR's board members must vote for the resolution. The MYR board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Kenneth Hartwick | Director | Profile | |
| Arnaud Ajdler | Director | Profile | |
| John Schauerman | Director | Profile | |
| Jack Alexander | Independent Director | Profile |
How to buy MYR Stock?
Before investing in MYR, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in MYR. To buy MYR stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of MYR. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase MYR stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located MYR Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased MYR Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as MYR Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy MYR Stock please use our How to Invest in MYR guide.
Already Invested in MYR Group?
The danger of trading MYR Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MYR is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MYR. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MYR Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether MYR Group is a strong investment it is important to analyze MYR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact MYR's future performance. For an informed investment choice regarding MYR Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MYR Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for MYR Stock analysis
When running MYR's price analysis, check to measure MYR'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 MYR is operating at the current time. Most of MYR's value examination focuses on studying past and present price action to predict the probability of MYR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MYR's price. Additionally, you may evaluate how the addition of MYR to your portfolios can decrease your overall portfolio volatility.
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Is MYR'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 MYR. If investors know MYR 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 MYR 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 (0.03) | Earnings Share 5.41 | Revenue Per Share 218.433 | Quarterly Revenue Growth 0.162 | Return On Assets 0.0524 |
The market value of MYR Group is measured differently than its book value, which is the value of MYR that is recorded on the company's balance sheet. Investors also form their own opinion of MYR's value that differs from its market value or its book value, called intrinsic value, which is MYR'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 MYR's market value can be influenced by many factors that don't directly affect MYR'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 MYR's value and its price as these two are different measures arrived at by different means. Investors typically determine if MYR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MYR'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.