After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Methode Electronics Appoints Avi Avula as New CEO.
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Stocks Info
MEI belongs to the Technology sector of the NYSE while operating in the Electronic Components industry. The current market capitalization of Methode Electronics, Inc. is $780.71M. A total of 0.23 million shares were traded on the day, compared to an average of 303.80K shares.
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, MEI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 40 BUYs and 7 SELLs from insiders. Insiders purchased 106,526 shares during that period but sold 68,761.
In the most recent transaction, DUDA DONALD W bought 23,245 shares of MEI for 21.80 per share on Sep 21. After the transaction, the Chief Executive Officer now owns 23,245 company shares. In a previous transaction on Sep 20, ASPATORE WALTER J bought 1,000 shares at 22.50 per share. MEI shares that Director owns now total 19,000.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. MEI’s most recent ex-dividend date was 1/11/2024 when it declared a $0.14 quarterly dividend that was paid in cash on 1/26/2024. Previously, the company paid the dividend on 10/27/2023 with an ex-dividend date of 10/12/2023. The MEI stock dividend was $0.14 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for MEI in the last 3 months, the mean price target is $28.50 with high estimates of $32.00 and low estimates of $25.00. In terms of 52-week highs and lows, MEI has a high of $50.74 and a low of $19.91.
As of this writing, MEI has an earnings estimate of $Camber Energy, Inc. per share for the current quarter. EPS was calculated based on a consensus of MercadoLibre, Inc. estimates, with a high estimate of $Motorola Solutions, Inc. per share and a lower estimate of $23andMe Holding Co.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. MEI’s latest balance sheet shows that the firm has $172.00M in Cash & Short Term Investments as of fiscal 2022. There were $231.30M in debt and $188.60M in liabilities at the time. Its Book Value Per Share was $23.68, while its Total Shareholder’s Equity was $913.80M.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MEI is Buy with a score of 3.00.
