MG Stock Summary and Trading Ideas (Mistras Group | NYSE:MG)

MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are North America, International and Products and Systems, of which key revenue is derived from the North America segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.

Mistras Group trades on the NYSE stock market under the symbol MG.

As of April 19, 2024, MG stock price climbed to $9.08 with 45,754 million shares trading.

MG has a beta of 1.34, meaning it tends to be more sensitive to market movements. MG has a correlation of 0.13 to the broad based SPY ETF.

MG has a market cap of $278.16 million. This is considered a Small Cap stock.

Last quarter Mistras Group reported $182 million in Revenue and $.10 earnings per share. This beat revenue expectation by $8 million and missed earnings estimates by -$.05.

In the last 3 years, MG stock traded as high as $12.19 and as low as $3.38.

The top ETF exchange traded funds that MG belongs to (by Net Assets): VTI, IWM, VXF, IWN, BSVO.

MG has underperformed the market in the last year with a price return of +12.2% while the SPY ETF gained +21.2%. However, in the short term, MG had mixed performance relative to the market. It has outperformed in the last 3 months, returning +18.4% vs +4.3% return in SPY. But in the last 2 weeks, MG shares have been beat by the market, returning -4.7% compared to an SPY return of -3.5%.

MG support price is $8.65 and resistance is $9.23 (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 MG stock will trade within this expected range on the day.