MEG Stock Summary and Trading Ideas (Montrose Environmental Group | NYSE:MEG)

Montrose Environmental Group Inc is an environmental services company. The firm's operating segments are Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Through its Assessment, Permitting, and Response segment, the company provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits. Measurement and Analysis include test and analysis of air, water, and soil to determine concentrations of contaminants whereas, the Remediation and Reuse segment provide clients with engineering, design, implementation, operations and maintenance services, to treat contaminated water, remove contaminant or create biogas. United States Contributes the majority of geographic revenue.

Montrose Environmental Group trades on the NYSE stock market under the symbol MEG.

As of December 11, 2024, MEG stock price declined to $15.62 with 708,007 million shares trading.

MEG has a beta of 0.96, meaning it tends to be less sensitive to market movements. MEG has a correlation of 0.04 to the broad based SPY ETF.

MEG has a market cap of $535.78 million. This is considered a Small Cap stock.

Last quarter Montrose Environmental Group reported $179 million in Revenue and $.41 earnings per share. This fell short of revenue expectation by $-7 million and exceeded earnings estimates by $.06.

In the last 3 years, MEG traded as high as $74.32 and as low as $15.21.

The top ETF exchange traded funds that MEG belongs to (by Net Assets): VTI, IWM, VXF, FIW, IWO.

MEG has underperformed the market in the last year with a price return of -50.9% while the SPY ETF gained +33.5%. MEG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -42.3% and -13.9%, respectively, while the SPY returned +11.0% and +1.1%, respectively.

MEG support price is $15.52 and resistance is $17.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MEG shares will trade within this expected range on the day.