Mueller Industries, Inc. (NYSE:MLI) does about 773.64K shares in volume on a normal day but saw 1952967 shares change hands in the recent trading day. The company now has a market cap of 9.32B USD. Its current market price is $82.22, marking an increase of 14.07% compared to the previous close of $72.08. The 52 week high reached by this stock is $74.99 whilst the lowest price level in 52 weeks is $35.01.
Mueller Industries, Inc. (MLI) has a 20-day trading average at $72.95 and the current price is 9.64% off the 52-week high compared with 134.85% distance from its 52-week low. The 50-day simple moving average of the closing price is $70.87 and its 200-day simple moving average is $59.10. If we look at the stock’s price movements over the week, volatility stands at 3.58%, which decreases to 2.43% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.16 to suggest the stock is overbought.
The consensus objective for the share price is $50.00, suggesting that the stock has a potential downside of -64.44% over the period.
Boenning & Scattergood upgraded the stock to “Outperform” from Neutral on December 14, 2020 at a price target of $55. Boenning & Scattergood upgraded its price target at $40.
The current price level is 12.70%, 16.01%, and 39.12% away from its SMA20, SMA50, and SMA200 respectively, with the MLI price moving above the 50-day SMA on current market day. Mueller Industries, Inc. (MLI) stock is up 12.85% over the week and 14.50% over the past month. Its price is 74.38% year-to-date and 133.41% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of 1 above consensus estimates by 0.35. The company’s next earnings report forecasts estimating quarterly EPS at 1.12 and 5.2 for whole year. Expected sales for next quarter are $1B, which analysts say will come at $3.74B for the current fiscal year and next year at $4.12B. In addition, estimates put the company’s current quarterly revenue at an average of $893M.
To reach the target analysts have set, the stock logically needs to shrink -64.44 percent from here.
Outstanding shares total 114.16M with insiders holding 2.48% of the shares and institutional holders owning 94.51% of the company’s common stock. The company has a return on investment of 21.70% and return on equity of 23.94%. The price to earnings ratio (P/E ratio) amounts to 15.99 while the forward price to earnings ratio is 15.51. The beta has a value of 1.03. Price to book ratio is 3.66 and price to sales ratio is 2.60.
