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MYRG
Stock ticker: NASDAQ
AS OF
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Price
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Capitalization
2.13B

MYRG MYR Group Forecast, Technical & Fundamental Analysis

a provider of electrical and mechanical construction services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for MYRG with price predictions
07:00 PM EST Dec 03, 2023

MYRG in upward trend: 10-day moving average moved above 50-day moving average on December 04, 2023

The 10-day moving average for MYRG crossed bullishly above the 50-day moving average on December 04, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MYRG's RSI Indicator exited the oversold zone, of 18 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 10, 2023. You may want to consider a long position or call options on MYRG as a result. In of 99 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for MYRG just turned positive on November 10, 2023. Looking at past instances where MYRG's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

MYRG moved above its 50-day moving average on December 01, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MYRG advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 265 cases where MYRG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.

The 50-day moving average for MYRG moved below the 200-day moving average on November 13, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MYRG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

MYRG broke above its upper Bollinger Band on November 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 69, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MYRG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.304) is normal, around the industry mean (3.117). P/E Ratio (22.727) is within average values for comparable stocks, (34.686). MYRG's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.248). MYRG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.035). P/S Ratio (0.593) is also within normal values, averaging (2.271).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are MasTec (NYSE:MTZ).

Industry description

Engineering & Construction includes companies that engage in non-residential construction and contract services, including ventilation, heating and air conditioning (HVAC) services. The level/value of construction & engineering activity is one of the potentially relevant indicators of the health of businesses, and hence of the overall economy. Some of the large-cap U.S. companies in this industry include Jacobs Engineering Group Inc,, AECOM and Quanta Services, Inc.

Market Cap

The average market capitalization across the Engineering & Construction Industry is 5.31B. The market cap for tickers in the group ranges from 27.7K to 3.77T. WKAPF holds the highest valuation in this group at 3.77T. The lowest valued company is BETW at 27.7K.

High and low price notable news

The average weekly price growth across all stocks in the Engineering & Construction Industry was 1%. For the same Industry, the average monthly price growth was 4%, and the average quarterly price growth was 7%. DRTTF experienced the highest price growth at 35%, while RELT experienced the biggest fall at -33%.

Volume

The average weekly volume growth across all stocks in the Engineering & Construction Industry was 19%. For the same stocks of the Industry, the average monthly volume growth was -24% and the average quarterly volume growth was -8%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 53
P/E Growth Rating: 59
Price Growth Rating: 50
SMR Rating: 61
Profit Risk Rating: 69
Seasonality Score: 32 (-100 ... +100)
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A.I. Advisor
published Earnings

MYRG is expected to report earnings to rise 18.75% to $1.52 per share on March 06

MYR Group MYRG Stock Earnings Reports
Q4'23
Est.
$1.52
Q3'23
Missed
by $0.07
Q2'23
Beat
by $0.05
Q1'23
Beat
by $0.35
Q4'22
Beat
by $0.41
The last earnings report on October 25 showed earnings per share of $1.28, missing the estimate of $1.35. With 63.70K shares outstanding, the current market capitalization sits at 2.13B.
A.I. Advisor
published General Information

General Information

a provider of electrical and mechanical construction services

Industry EngineeringConstruction

Profile
Fundamentals
Details
Industry
Engineering And Construction
Address
12121 Grant Street
Phone
+1 303 286-8000
Employees
8500
Web
https://www.myrgroup.com
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MYRG and

Correlation & Price change

A.I.dvisor indicates that over the last year, MYRG has been loosely correlated with PWR. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if MYRG jumps, then PWR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MYRG
1D Price
Change %
MYRG100%
+0.72%
PWR - MYRG
63%
Loosely correlated
-0.48%
EME - MYRG
58%
Loosely correlated
+1.15%
FIX - MYRG
56%
Loosely correlated
-3.89%
PRIM - MYRG
54%
Loosely correlated
+1.95%
APG - MYRG
52%
Loosely correlated
-2.12%
More

Groups containing MYRG

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MYRG
1D Price
Change %
MYRG100%
+0.72%
mechanical
(undefined stocks)
86%
Closely correlated
+2.13%
engineering
(undefined stocks)
73%
Closely correlated
+0.65%
Engineering & Construction
(undefined stocks)
69%
Closely correlated
+0.29%
construction
(undefined stocks)
65%
Loosely correlated
+0.81%
electrical
(undefined stocks)
62%
Loosely correlated
+0.87%
More