Myers Industries Third Quarter 2024 Earnings Misses Expectations
| MYE Stock | USD 12.45 0.09 0.72% |
About 62% of Myers Industries' investor base is looking to short. The analysis of overall sentiment of trading Myers Industries stock suggests that many investors are alarmed 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.
Myers Industries Third Quarter 2024 Results Key Financial Results Revenue US205.1m up 3.7 percent from 3Q...
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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 Earning
Price To Earning Comparative Analysis
Myers Industries is currently under evaluation in price to earning category among its peers. Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
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
| OI | O I | 1.88 | ||||
| SLGN | Silgan Holdings | 1.19 | ||||
| CCK | Crown Holdings | 0.70 | ||||
| KRT | Karat Packaging | 0.58 | ||||
| GEF | Greif Bros | 0.23 | ||||
| AVY | Avery Dennison | 0.20 | ||||
| REYN | Reynolds Consumer | 0.09 | ||||
| SEE | Sealed Air | 0.09 | ||||
| GPK | Graphic Packaging | 0.13 | ||||
| SON | Sonoco Products | 0.32 |
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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