Methanex Corp (NASDAQ: MEOH) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Methanex Corp (NASDAQ: MEOH). Slight negative changes in fundamentals have recently occurred: significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MEOH is expected to continue to be an important Value Builder.
Methanex has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Methanex has a neutral Power Rating of 57 and a slightly positive Appreciation Score of 69, producing the Positive Value Trend Rating.
Recent Price Action
Methanex Corp (NASDAQ: MEOH) stock closed at $43.03 on 8/2/24 after a large decline of -6.0%. Moreover, exceptionally high trading volume at 306% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -10.2% during the last week.
Be the first to comment