Recent extremely meaningful negative changes in investment behavior have impacted Methanex Corp (NASDAQ: MEOH): its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Methanex Corp (NASDAQ: MEOH) has recently experienced minimal negative changes in fundamentals: the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of C. 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 C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Methanex has a good Appreciation Score of 75 but a neutral Power Rating of 41, and the High Neutral Value Trend Rating results.
Recent Price Action
Methanex Corp (NASDAQ: MEOH) stock suffered a large decline of -5.8% on 9/10/24. The stock closed at $36.82. Moreover, this decline was accompanied by exceptionally high trading volume at 274% of normal. The stock has performed in line with the market over the last nine months and has declined -21.1% during the last week.
Be the first to comment