Myers Industries Reaches New 52-Week Low at 15.65

MYE Stock  USD 11.60  0.15  1.31%   
About 73 percent of all Myers Industries' shareholders are curious in acquiring. The analysis of overall sentiment of trading Myers Industries stock suggests that quite a large number of investors are confidant at this time. The current market sentiment, together with Myers Industries' historical and current headlines, can help investors time the market. In addition, many technical investors use Myers Industries stock news signals to limit their universe of possible portfolio assets.
  
Shares of Myers Industries, Inc. reached a new 52-week low during trading on Wednesday . The stock traded as low as 15.65 and last traded at 16.34, with a volume of 8417 shares trading hands. The stock had previously closed at 16.77. Analysts Set New Price Targets Separately, StockNews.com downgraded

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Myers Industries Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Myers Industries can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Myers Industries Fundamental Analysis

We analyze Myers Industries' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Myers Industries using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Myers Industries based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Price To Sales

Price To Sales Comparative Analysis

Myers Industries is currently under evaluation in price to sales category among its peers. Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

Myers Industries Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Myers Industries stock to make a market-neutral strategy. Peer analysis of Myers Industries could also be used in its relative valuation, which is a method of valuing Myers Industries by comparing valuation metrics with similar companies.

Peers

Myers Industries Related Equities

KRTKarat Packaging   1.41   
0%
100.0%
SONSonoco Products   1.11   
0%
78.0%
SEESealed Air   0.99   
0%
70.0%
PTVEPactiv Evergreen   0.52   
0%
36.0%
AVYAvery Dennison   0.39   
0%
27.0%
GEFGreif Bros   0.32   
0%
22.0%
GPKGraphic Packaging   0.27   
0%
19.0%
REYNReynolds Consumer   0.18   
0%
12.0%
SLGNSilgan Holdings   0.14   
0%
9.0%
OIO I   0.71   
50.0%
0%
CCKCrown Holdings   1.00   
70.0%
0%

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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