Myers Industries Inc. (NYSE: MYE) suffers from notable negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected Myers Industries Inc. (NYSE: MYE): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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, MYE is expected to continue to be an important Value Builder.
Myers Industries has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Myers Industries has a neutral Appreciation Score of 59 but a very low Power Rating of 3, resulting in the Negative Value Trend Rating.
Recent Price Action
On 11/8/24, Myers Industries Inc. (NYSE: MYE) stock increased 1.7%, closing at $12.10. Moreover, unusually high trading volume at 155% of normal accompanied the advance. The stock has risen 2.7% during the last week but has been extremely weak relative to the market over the last nine months.
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