Currently, there are 67.39M common shares owned by the public and among those 66.92M shares have been available to trade.
The company’s stock has a 5-day price change of 3.37% and 19.42% over the past three months. MEOH shares are trading -1.24% year to date (YTD), with the 12-month market performance up to 13.54% higher. It has a 12-month low price of $36.13 and touched a high of $56.43 over the same period. MEOH has an average intraday trading volume of 319.11K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.29%, 6.12%, and 6.42% respectively.
Institutional ownership of Methanex Corp (NASDAQ: MEOH) shares accounts for 83.11% of the company’s 67.39M shares outstanding.
It has a market capitalization of $3.32B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 21.86, while the earnings-per-share (ttm) stands at $2.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.35% over the week and 2.92% over the month.
Earnings per share for the fiscal year are expected to increase by 52.39%, and 16.09% over the next financial year.
Looking at the support for the MEOH, a number of firms have released research notes about the stock. Barclays stated their Equal Weight rating for the stock in a research note on September 10, 2024, with the firm’s price target at $56-$44. Piper Sandler coverage for the Methanex Corp (MEOH) stock in a research note released on August 07, 2024 offered a Overweight rating with a price target of $51. UBS was of a view on February 08, 2024 that the stock is Buy, while UBS gave the stock Neutral rating on November 02, 2023, issuing a price target of $40- $45. Scotiabank on their part issued Sector Outperform rating on October 30, 2023.
