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Man Who Predicted Negative Indexes in 2022, Shares "Shocking New Forecast"  (Ad)pixel
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Man Who Predicted Negative Indexes in 2022, Shares "Shocking New Forecast"  (Ad)pixel
Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
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MarketBeat: Week in Review 9/19 – 9/23
'Crucial' vote could move Italy to right; many might boycott
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Man Who Predicted Negative Indexes in 2022, Shares "Shocking New Forecast"  (Ad)pixel
Judge rejects Justice Dept.'s bid to stop sugar merger
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Man Who Predicted Negative Indexes in 2022, Shares "Shocking New Forecast"  (Ad)pixel
Closing prices for crude oil, gold and other commodities
Dow sinks to 2022 low as recession fears roil world markets
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NYSE:MEC

Mayville Engineering - MEC Stock Forecast, Price & News

$6.79
-0.14 (-2.02%)
(As of 09/23/2022 12:00 AM ET)
Add
Compare
Today's Range
$6.59
$6.85
50-Day Range
$6.65
$8.42
52-Week Range
$6.58
$20.93
Volume
27,972 shs
Average Volume
32,105 shs
Market Capitalization
$139.40 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$13.00

Mayville Engineering MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
91.5% Upside
$13.00 Price Target
Short Interest
Healthy
0.84% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$14,500 Bought Last Quarter
Proj. Earnings Growth
21.05%
From $0.95 to $1.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Construction Sector

78th out of 104 stocks

Metal Forgings & Stampings Industry

4th out of 4 stocks

MEC stock logo

About Mayville Engineering (NYSE:MEC) Stock

Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. It also supplies engineered components to original equipment manufacturers. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.

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MEC Stock News Headlines

Mayville Engineering Company, Inc. (MEC)
MEC Named Top U.S. Fabricator Once Again
Mayville Engineering CEO Robert Kamphuis to retire
See More Headlines
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MEC Company Calendar

Last Earnings
8/02/2022
Today
9/24/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Metal forgings & stampings
Sub-Industry
N/A
Fax
N/A
Employees
2,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.00
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+91.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$-7,450,000.00
Pretax Margin
-0.91%

Debt

Sales & Book Value

Annual Sales
$454.83 million
Cash Flow
$1.78 per share
Book Value
$9.70 per share

Miscellaneous

Free Float
18,582,000
Market Cap
$139.40 million
Optionable
Not Optionable
Beta
0.53

Key Executives

  • Mr. Todd M. Butz (Age 51)
    CFO, Sec. & Treasurer
    Comp: $864.67k
  • Mr. Ryan F. Raber (Age 39)
    Exec. VP of Strategy, Sales & Marketing
    Comp: $790.03k
  • Mr. Robert D. Kamphuis (Age 63)
    Consultant
    Comp: $1.64M
  • Mr. Jagadeesh A. Reddy
    Pres, CEO & Director
  • Mr. Randall P. Stille (Age 51)
    Chief Operating Officer













MEC Stock - Frequently Asked Questions

Should I buy or sell Mayville Engineering stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mayville Engineering in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MEC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEC, but not buy additional shares or sell existing shares.
View MEC analyst ratings
or view top-rated stocks.

What is Mayville Engineering's stock price forecast for 2022?

1 brokers have issued 12 month price objectives for Mayville Engineering's shares. Their MEC share price forecasts range from $13.00 to $13.00. On average, they anticipate the company's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 91.5% from the stock's current price.
View analysts price targets for MEC
or view top-rated stocks among Wall Street analysts.

How have MEC shares performed in 2022?

Mayville Engineering's stock was trading at $14.91 at the beginning of 2022. Since then, MEC shares have decreased by 54.5% and is now trading at $6.79.
View the best growth stocks for 2022 here
.

Are investors shorting Mayville Engineering?

Mayville Engineering saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 77,800 shares, a decline of 30.7% from the July 31st total of 112,300 shares. Based on an average daily trading volume, of 87,000 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.9% of the company's shares are sold short.
View Mayville Engineering's Short Interest
.

When is Mayville Engineering's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our MEC earnings forecast
.

How were Mayville Engineering's earnings last quarter?

Mayville Engineering Company, Inc. (NYSE:MEC) released its quarterly earnings data on Tuesday, August, 2nd. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.34 by $0.05. The firm had revenue of $138.34 million for the quarter, compared to analyst estimates of $137.72 million. Mayville Engineering had a positive trailing twelve-month return on equity of 4.48% and a negative net margin of 0.71%. During the same period in the prior year, the firm posted $0.16 EPS.

What guidance has Mayville Engineering issued on next quarter's earnings?

Mayville Engineering issued an update on its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $480.00 million-$530.00 million, compared to the consensus revenue estimate of $533.10 million.

What other stocks do shareholders of Mayville Engineering own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Mayville Engineering investors own include Energy Transfer (ET), Aurora Cannabis (ACB), Alibaba Group (BABA), Walt Disney (DIS), NVIDIA (NVDA), OPKO Health (OPK), SSR Mining (SSRM), VBI Vaccines (VBIV), AbbVie (ABBV) and Aldeyra Therapeutics (ALDX).

When did Mayville Engineering IPO?

(MEC) raised $126 million in an initial public offering (IPO) on Thursday, May 9th 2019. The company issued 6,300,000 shares at $19.00-$21.00 per share. Baird, Citigroup and Jefferies acted as the underwriters for the IPO and UBS Investment Bank and William Blair were co-managers.

What is Mayville Engineering's stock symbol?

Mayville Engineering trades on the New York Stock Exchange (NYSE) under the ticker symbol "MEC."

Who are Mayville Engineering's major shareholders?

Mayville Engineering's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (11.98%), Jennison Associates LLC (4.28%), Millennium Management LLC (1.10%), UBS Group AG (0.78%), Citadel Advisors LLC (0.49%) and Renaissance Technologies LLC (0.45%). Insiders that own company stock include Craig E Johnson, Eric J Welak, Jay O Rothman, Patrick D Michels, Peter John A St, Robert D Kamphuis, Ryan F Raber, Slater Chad, Timothy L Christen and Todd M Butz.
View institutional ownership trends
.

How do I buy shares of Mayville Engineering?

Shares of MEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Mayville Engineering's stock price today?

One share of MEC stock can currently be purchased for approximately $6.79.

How much money does Mayville Engineering make?

Mayville Engineering (NYSE:MEC) has a market capitalization of $139.40 million and generates $454.83 million in revenue each year. The company earns $-7,450,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

How many employees does Mayville Engineering have?

The company employs 2,200 workers across the globe.

How can I contact Mayville Engineering?

Mayville Engineering's mailing address is 715 SOUTH STREET, MAYVILLE WI, 53050. The official website for the company is www.mecinc.com. The company can be reached via phone at (920) 387-4500 or via email at nelwell@lincolnchurchilladvisors.com.

This page (NYSE:MEC) was last updated on 9/24/2022 by MarketBeat.com Staff

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