Myers Industries Stock Analysis

Myers Stock Analysis Notes

About 92.0% of the company shares are owned by institutional investors. The book value of Myers Industries was now reported as 7.95. The company last dividend was issued on the 14th of March 2024. Myers Industries had 11:10 split on the 11th of August 2004. Myers Industries, Inc. engages in distribution of tire service supplies in Ohio. The company was founded in 1933 and is headquartered in Akron, Ohio. Myers Industries operates under Packaging Containers classification in the United States and is traded on New York Stock Exchange. It employs 2725 people. To find out more about Myers Industries contact Andrean Horton at 330 253 5592 or learn more at https://www.myersindustries.com.

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Myers Industries Thematic Classifications

Myers Stock Institutional Investors

Note, although Myers Industries' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Myers Market Capitalization

The company currently falls under 'Small-Cap' category with a total capitalization of 792.71 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Myers Industries's market, we take the total number of its shares issued and multiply it by Myers Industries'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.

Myers Profitablity

The company has Net Profit Margin of 0.06 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.05 %, which entails that for every 100 dollars of revenue, it generated $0.05 of operating income.

Management Efficiency

Myers Industries has Return on Asset of 0.0717 % which means that on every $100 spent on assets, it made $0.0717 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.178 %, implying that it generated $0.178 on every 100 dollars invested. Myers Industries' management efficiency ratios could be used to measure how well Myers Industries manages its routine affairs as well as how well it operates its assets and liabilities. As of April 18, 2024, Return On Tangible Assets is expected to decline to 0.06. In addition to that, Return On Capital Employed is expected to decline to 0.14. At present, Myers Industries' Intangible Assets are projected to increase significantly based on the last few years of reporting. The current year's Net Tangible Assets is expected to grow to about 309.6 M, whereas Non Current Assets Total are forecasted to decline to about 244.1 M.

Technical Drivers

As of the 18th of April 2024, Myers Industries secures the Risk Adjusted Performance of 0.0794, downside deviation of 1.52, and Mean Deviation of 1.22. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Myers Industries, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We have analyzed and interpolated nineteen technical drivers for Myers Industries, which can be compared to its peers in the industry. Please verify Myers Industries information ratio, as well as the relationship between the potential upside and kurtosis to decide if Myers Industries is priced some-what accurately, providing market reflects its recent price of 21.19 per share. Given that Myers Industries has jensen alpha of 0.1466, we recommend you to check Myers Industries's last-minute market performance to make sure the company can sustain itself at a future point.

Myers Industries Price Movement Analysis

Myers Industries Insider Trading Activities

Myers Industries Predictive Daily Indicators

Myers Industries Corporate Filings

Myers Industries Forecast Models

Myers Industries' time-series forecasting models are one of many Myers Industries' stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Myers Industries' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Myers Industries prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Myers shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Myers Industries. By using and applying Myers Stock analysis, traders can create a robust methodology for identifying Myers entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Myers analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Myers analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Myers Industries stock analysis indicators help investors 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 understating and applying Myers Industries stock analysis, traders can identify Myers Industries position entry and exit signals to maximize returns.

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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.

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.

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.

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.