Myers Industries Stock Buy Hold or Sell Recommendation
MYE Stock | USD 23.17 0.05 0.22% |
Considering the 90-day investment horizon and your slightly conservative level of risk, our recommendation regarding Myers Industries is 'Hold'. Macroaxis provides Myers Industries buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding MYE positions. The advice algorithm takes into account all of Myers Industries' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Myers Industries' buy or sell advice are summarized below:
Real Value 23.22 | Target Price 24.5 | Hype Value 23.12 | Market Value 23.17 | Naive Value 23.58 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Myers Industries given historical horizon and risk tolerance towards Myers Industries. When Macroaxis issues a 'buy' or 'sell' recommendation for Myers Industries, the advice is generated through an automated system that utilizes algorithms and statistical models.
Myers |
Execute Myers Industries Buy or Sell Advice
The Myers recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Myers Industries. Macroaxis does not own or have any residual interests in Myers Industries or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Myers Industries' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Hold
Market Performance | Good | Details | |
Volatility | Very steady | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Fairly Valued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost mirrors the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Myers Industries Trading Alerts and Improvement Suggestions
Myers Industries has a strong financial position based on the latest SEC filings | |
Over 92.0% of the company shares are owned by institutional investors | |
Latest headline from MacroaxisInsider: Disposition of 1532 shares by Gurnee Jim of Myers Industries subject to Rule 16b-3 |
Myers Industries Returns Distribution Density
The distribution of Myers Industries' historical returns is an attempt to chart the uncertainty of Myers Industries' future price movements. The chart of the probability distribution of Myers Industries daily returns describes the distribution of returns around its average expected value. We use Myers Industries price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Myers Industries returns is essential to provide solid investment advice for Myers Industries.
Mean Return | 0.26 | Value At Risk | -2.36 | Potential Upside | 2.92 | Standard Deviation | 1.76 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Myers Industries historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Myers Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Myers Industries is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Myers Industries backward and forwards among themselves. Myers Industries' institutional investor refers to the entity that pools money to purchase Myers Industries' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
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 Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change In Cash | 16.6M | (47.2M) | (10.6M) | 5.5M | 7.2M | 7.5M | |
Free Cash Flow | 44.0M | 33.1M | 27.0M | 48.3M | 63.3M | 66.5M | |
Depreciation | 23.6M | 20.9M | 20.9M | 21.2M | 22.8M | 26.6M | |
Other Non Cash Items | 8.3M | (10.5M) | (2.8M) | 1.3M | 1.1M | 1.0M | |
Capital Expenditures | 10.3M | 13.4M | 17.9M | 24.3M | 22.9M | 19.7M | |
Net Income | 24.3M | 36.8M | 33.5M | 60.3M | 48.9M | 51.3M | |
End Period Cash Flow | 75.5M | 28.3M | 17.7M | 23.1M | 30.3M | 31.8M | |
Change To Inventory | 2.2M | (7.9M) | (24.9M) | 8.0M | 2.6M | 2.8M | |
Dividends Paid | 19.3M | 19.4M | 19.6M | 19.8M | (20.2M) | (19.2M) | |
Change Receivables | 12.5M | (11.6M) | (15.3M) | (23.6M) | (21.3M) | (20.2M) | |
Change To Netincome | 9.6M | 1.8M | 3.2M | 10.4M | 11.9M | 12.5M | |
Investments | (20.8M) | 1.2M | (50.3M) | (50.4M) | (22.8M) | (23.9M) |
Myers Industries Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Myers Industries or Containers & Packaging sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Myers Industries' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Myers stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.11 | |
β | Beta against NYSE Composite | 1.11 | |
σ | Overall volatility | 1.80 | |
Ir | Information ratio | 0.07 |
Myers Industries Volatility Alert
Myers Industries has relatively low volatility with skewness of 1.03 and kurtosis of 3.31. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Myers Industries' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Myers Industries' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Myers Industries Fundamentals Vs Peers
Comparing Myers Industries' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Myers Industries' direct or indirect competition across all of the common fundamentals between Myers Industries and the related equities. This way, we can detect undervalued stocks with similar characteristics as Myers Industries or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Myers Industries' fundamental indicators could also be used in its relative valuation, which is a method of valuing Myers Industries by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Myers Industries to competition |
Fundamentals | Myers Industries | Peer Average |
Return On Equity | 0.18 | -0.31 |
Return On Asset | 0.0717 | -0.14 |
Profit Margin | 0.06 % | (1.27) % |
Operating Margin | 0.05 % | (5.51) % |
Current Valuation | 917.59 M | 16.62 B |
Shares Outstanding | 36.87 M | 571.82 M |
Shares Owned By Insiders | 1.53 % | 10.09 % |
Shares Owned By Institutions | 91.79 % | 39.21 % |
Number Of Shares Shorted | 528.59 K | 4.71 M |
Price To Earning | 22.20 X | 28.72 X |
Price To Book | 2.91 X | 9.51 X |
Price To Sales | 1.05 X | 11.42 X |
Revenue | 813.07 M | 9.43 B |
Gross Profit | 284.07 M | 27.38 B |
EBITDA | 95 M | 3.9 B |
Net Income | 48.87 M | 570.98 M |
Cash And Equivalents | 22.43 M | 2.7 B |
Cash Per Share | 0.62 X | 5.01 X |
Total Debt | 95.49 M | 5.32 B |
Debt To Equity | 0.60 % | 48.70 % |
Current Ratio | 1.72 X | 2.16 X |
Book Value Per Share | 7.95 X | 1.93 K |
Cash Flow From Operations | 86.17 M | 971.22 M |
Short Ratio | 3.67 X | 4.00 X |
Earnings Per Share | 1.32 X | 3.12 X |
Price To Earnings To Growth | 14.87 X | 4.89 X |
Target Price | 30.0 | |
Number Of Employees | 2.5 K | 18.84 K |
Beta | 1.3 | -0.15 |
Market Capitalization | 856.07 M | 19.03 B |
Total Asset | 541.63 M | 29.47 B |
Retained Earnings | (35.52 M) | 9.33 B |
Working Capital | 91.51 M | 1.48 B |
Note: Disposition of 1532 shares by Gurnee Jim of Myers Industries subject to Rule 16b-3 [view details]
Myers Industries Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Myers . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 3543.38 | |||
Daily Balance Of Power | (0.14) | |||
Rate Of Daily Change | 1.0 | |||
Day Median Price | 23.19 | |||
Day Typical Price | 23.18 | |||
Price Action Indicator | (0.04) | |||
Period Momentum Indicator | (0.05) |
About Myers Industries Buy or Sell Advice
When is the right time to buy or sell Myers Industries? Buying financial instruments such as Myers Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 130.0M | 132.4M | 95.5M | 124.5M | Total Assets | 484.5M | 542.6M | 541.6M | 431.3M |
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In addition to having Myers Industries in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Myers Industries Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Myers Stock refer to our How to Trade Myers Stock guide.You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.
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.