How Should Investors View Myers Industries Inc. (MYE) Insider Trading?


As of Wednesday close, Myers Industries Inc.’s (NYSE:MYE) stock was down -$0.18, moving down -0.80 percent to $22.31. The average number of shares traded per day over the past five days has been 188,080 shares. 4 times new highs have been achieved over the past 5 days, with a $0.44 gain in that time frame. In the last twenty days, the average volume was 143,135, while in the previous 50 days, it was 115,218.

Since last month, MYE stock rose 23.81%. Shares of the company fell to $17.35 on 10/24/22, the lowest level in the past month. A 52-week high of $25.55 was reached on 06/06/22 after having rallying from a 52-week low of $15.82. Since the beginning of this year, MYE’s stock price has risen by 11.49% or $2.30, and marked a new high 21 times. However, the stock has declined by -12.66% since its 52-week high.

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MYE stock investors should be aware that Myers Industries Inc. (MYE) stock had its last reported insider trading activity 10 days ago on Nov 14. LIEBAU FREDERIC JACK JR, the Director of the company, disposed of 15,000 shares for $21.05 on Nov 14. It resulted in a $315,814 divestment by the insider. Bright Yvette Dapremont added 500 shares at an average price of $20.65 on Nov 01. The insider now owns 8,633 shares following the transaction. On Sep 16, Director FOLEY WILLIAM A bought 1,000 shares at $17.50 apiece. The transaction was valued at $17,498.

Valuation Metrics

Right now, Myers Industries Inc. (MYE) has a P/E ratio of about 15.09. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 0.90, the price-to-book (PB) ratio of 3.32, and the price-to-cash flow ratio of 19.32 may also be considered.

The latest dividend of $0.1350 per share was paid out, remained unchanged from last year’s $0.1350. On Friday March 6 2015, a $0.0050 dividend increase was announced.

Financial Health

In the three months ended September 29, Myers Industries Inc.’s quick ratio stood at 1.00, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.44, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 30.60% percent. In the year ended September 29, operating margins totaled 8.80%. Based on annual data, MYE earned $211.42 million in gross profit and brought in $761.43 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.20%. Return on equity (ROE) for the past 12 months was 23.60%.

In Myers Industries Inc.’s quarter-end financial report for September 29, it reported total debt of $97.96 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MYE’s revenue rose 12.28% to $233.16 million during the quarter, while net income inched up to $228.07 million. While analysts expected Myers Industries Inc. to report $0.32 quarterly earnings, the actual figure was $0.41 per share, beating the consensus estimate by 28.10%. During the quarter, the company generated $25.18 million in EBITDA. The liabilities of Myers Industries Inc. were 304.75 million at the end of its most recent quarter ended September 29, and its total debt was $137.34 million. The value of shareholders’ equity is $36.5 million.

Technical Picture

This quick technical analysis looks at Myers Industries Inc.’s (MYE) price momentum. With a historical volatility rate of 26.17%, the RSI 9-day stood at 73.89% on 23 November.

With respect to its five-day moving average, the current Myers Industries Inc. price is up by +2.01% percent or $0.44. At present, MYE shares trade +23.94% above its 20-day simple moving average and -1.46% percent below its 100-day simple moving average. However, the stock is currently trading approximately +25.06% above its SMA50 and +33.43% above its SMA200.

Stochastic coefficient K was 83.61% and Stochastic coefficient D was 87.59%, while ATR was 0.67. Given the Stochastic reading of 77.73% for the 14-day period, the RSI (14) reading has been calculated as 72.39%. As of today, the MACD Oscillator reading stands at 0.39, while the 14-day reading stands at 0.77.

Analyst Ratings

KeyBanc Capital Markets upgraded its rating on Myers Industries Inc. (NYSE: MYE) to an Overweight in a note to investors on December 18, 2020. The analysts firm previously had a Sector weight rating on the stock.Myers Industries Inc. (MYE) has been rated Buy by analysts. According to 0 brokerage firms, MYE is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Myers Industries Inc. stock as buy, with 2 recommending it as overweight.


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