Mastec Inc. (MTZ) concluded trading on Wednesday at a closing price of $103.97, with 0.49 million shares of worth about $50.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 40.27% during that period and on July 03, 2024 the price saw a gain of about 2.94%. Currently the company’s common shares owned by public are about 79.28M shares, out of which, 61.66M shares are available for trading.
Stock saw a price change of -4.31% in past 5 days and over the past one month there was a price change of -7.08%. Year-to-date (YTD), MTZ shares are showing a performance of 37.31% which decreased to -12.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.65 but also hit the highest price of $123.33 during that period. The average intraday trading volume for Mastec Inc. shares is 782.54K. The stock is currently trading -3.90% below its 20-day simple moving average (SMA20), while that difference is down -0.49% for SMA50 and it goes to 29.98% higher than SMA200.
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Mastec Inc. (NYSE: MTZ) currently have 79.28M outstanding shares and institutions hold larger chunk of about 75.33% of that.
The stock has a current market capitalization of $8.26B and its 3Y-monthly beta is at 1.65. It has posted earnings per share of -$0.14 in the same period. It has Quick Ratio of 1.27 while making debt-to-equity ratio of 1.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MTZ, volatility over the week remained 3.37% while standing at 3.08% over the month.
Stock’s fiscal year EPS is expected to rise by 48.45% while it is estimated to increase by 45.34% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on May 06, 2024 offering a Buy rating for the stock and assigned a target price range of between $105 and $110 to it. Coverage by Truist stated Mastec Inc. (MTZ) stock as a Hold in their note to investors on March 14, 2024, suggesting a price target of $96 for the stock. On March 04, 2024, Craig Hallum Upgrade their recommendations, while on March 04, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $105. Stock get a Neutral rating from Robert W. Baird on January 16, 2024.
