Myers Industries Stock Today
| MYE Stock | USD 21.57 0.30 1.41% |
Performance9 of 100
| Odds Of DistressLess than 6
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Myers Industries is trading at 21.57 as of the 19th of April 2024, a 1.41 percent up since the beginning of the trading day. The stock's lowest day price was 21.23. Myers Industries has only a 6 % chance of going through financial distress over the next few years but had a somewhat ok performance during the last 90 days. Equity ratings for Myers Industries are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 20th of March 2024 and ending today, the 19th of April 2024. Click here to learn more.
Business Domain Materials | IPO Date 8th of September 1987 | Category Consumer Cyclical |
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. The company has 36.94 M outstanding shares of which 452.98 K shares are now shorted by investors with about 0.99 days to cover. More on Myers Industries
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Moving against Myers Stock
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Myers 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. Myers Industries' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Myers Industries or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Andrean Horton | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Rubber and Plastic Products (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Metal, Glass & Plastic Containers, Packaging & Containers, Consumer Cyclical, NYSE Composite, SP Small-Cap 600, Rubber and Plastic Products, Materials, Containers & Packaging, Packaging & Containers, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Myers Industries report their recommendations after researching Myers Industries' financial statements, talking to executives and customers, or listening in on Myers Industries' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Myers Industries. The Myers consensus assessment is calculated by taking the average forecast from all of the analysts covering Myers Industries. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Myers Industries' liquidity, profitability, solvency, and operating efficiency, Myers Industries may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Myers Industries is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Myers Industries' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Myers Industries' 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 Myers Industries' financial leverage. It provides some insight into what part of Myers Industries' total assets is financed by creditors.
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Myers Industries (MYE) is traded on New York Stock Exchange in USA. It is located in 1293 South Main Street, Akron, OH, United States, 44301 and employs 2,500 people. Myers Industries is listed under Metal, Glass & Plastic Containers category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a total capitalization of 785.69 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 Industries runs under Containers & Packaging sector within Materials industry. The entity has 36.94 M outstanding shares of which 452.98 K shares are now shorted by investors with about 0.99 days to cover.
Myers Industries has about 22.43 M in cash with 86.17 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.62.
Check Myers Industries Probability Of Bankruptcy
Ownership AllocationMyers Industries maintains a total of 36.94 Million outstanding shares. The majority of Myers Industries 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 Myers Industries to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Myers Industries. Please pay attention to any change in the institutional holdings of Myers Industries as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Myers Ownership Details
Myers Stock Price Odds Analysis
What are Myers Industries' target price odds to finish over the current price? Based on a normal probability distribution, the odds of Myers Industries jumping above the current price in 90 days from now is about 21.47%. The Myers Industries probability density function shows the probability of Myers Industries stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.085. This indicates Myers Industries market returns are highly-sensitive to returns on the market. As the market goes up or down, Myers Industries is expected to follow. Additionally, myers Industries has an alpha of 0.1776, implying that it can generate a 0.18 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Myers Industries to move above the current price in 90 days from now is about 21.47 (This Myers Industries probability density function shows the probability of Myers Stock to fall within a particular range of prices over 90 days) .
Myers Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Myers Industries that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Myers Industries' 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 Myers Industries' value.| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2023-12-31 | 770.8 K | |
| Teton Advisors Inc | 2023-12-31 | 567.9 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 541.2 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 515.4 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 487.7 K | |
| Hotchkis & Wiley Capital Management Llc | 2023-12-31 | 468.9 K | |
| Northern Trust Corp | 2023-12-31 | 386.2 K | |
| Ameriprise Financial Inc | 2023-12-31 | 331.4 K | |
| Millennium Management Llc | 2023-12-31 | 291.9 K | |
| Blackrock Inc | 2023-12-31 | 5.9 M | |
| Gamco Investors, Inc. Et Al | 2023-12-31 | 3.2 M |
Myers Industries Historical Income Statement
Myers Industries Income Statement is one of the three primary financial statements used for reporting Myers's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Myers Industries revenue and expense. Myers Industries Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Myers Industries' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Before Tax is expected to grow to about 69.4 M, whereas Gross Profit is forecasted to decline to about 175.8 M. View More FundamentalsMyers Stock Against Markets
Picking the right benchmark for Myers Industries 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 Myers Industries 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 Myers Industries is critical whether you are bullish or bearish towards Myers Industries at a given time. Please also check how Myers Industries' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Myers Industries 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Myers Industries Corporate Directors
Myers Industries corporate directors refer to members of a Myers Industries board of directors. The board of directors generally takes responsibility for the Myers Industries' 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 Myers Industries' board members must vote for the resolution. The Myers Industries board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sarah Coffin | Independent Director | Profile | |
| Bruce Lisman | Independent Director | Profile | |
| Edward Kissel | Director | Profile | |
| Ronald Feo | Independent Director | Profile |
How to buy Myers Stock?
Before investing in Myers Industries, 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 Myers Industries. To buy Myers Industries stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Myers Industries. 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 Myers Industries stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Myers Industries 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 Myers Industries 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 Myers Industries, 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 Myers Stock please use our How to Invest in Myers Industries guide.
Already Invested in Myers Industries?
The danger of trading Myers Industries 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 Myers Industries 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 Myers Industries. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Myers Industries 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 Myers Industries is a strong investment it is important to analyze Myers Industries' 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 Myers Industries' future performance. For an informed investment choice regarding Myers Stock, refer to the following important reports: 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
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.