Myers Industries MYE
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Myers Industries (MYE) Business Model and Operations Summary
Myers Industries Inc designs, manufactures, and markets a variety of plastic, metal, and rubber products, including a broad selection of plastic reusable containers, pallets, small parts bins, bulk shipping containers, storage and organization products, OEM parts, custom plastic products, consumer fuel containers and tanks for water, fuel and waste handling. It operates through the following segments: The Material Handling segment manufactures a selection of durable plastic reusable products that are used repeatedly during the course of their service life. The Distribution segment is engaged in the distribution of equipment, tools, and supplies used for tire servicing and automotive under-vehicle repair, etc. It generates the majority of its revenue from the Material Handling segment.
Key Insights
Myers Industries (MYE) Core Market Data and Business Metrics
Latest Closing Price
$10.69Market Cap
$398.69 MillionPrice-Earnings Ratio
56.26Total Outstanding Shares
37.30 Million SharesTotal Employees
2,700Dividend
$0.14 Per Share QuarterlyIPO Date
September 8, 1987SIC Description
Plastics Products, NecPrimary Exchange
New York Stock ExchangeHeadquarters
1293 S Main St, Akron, OH, 44301
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Short Interest
Short Interest
This information is bi-monthly aggregated short interest data reported to the Financial Industry Regulatory Authority (FINRA) by broker-dealers.
Short Interest: The total number of shares that have been sold short but have not yet been covered or closed out.
Bi-Weekly Change (%): The percentage change in short interest from the previous bi-weekly period.
Settlement Date: The date on which the short interest data is considered settled, typically based on exchange reporting schedules.
Days to Cover: The estimated number of days it would take to cover all short positions based on average trading volume.
Track Short Interest Levels to Gauge Bearish Market Sentiment and Short Squeeze Potential
| Short Interest | Bi-Weekly Change (%) | Settlement Date | Days to Cover |
|---|---|---|---|
| 657,853 Shares | -13.68% | 3/14/2025 | 1.06 |
| 762,101 Shares | +2.15% | 2/28/2025 | 1.65 |
| 746,040 Shares | -4.19% | 2/14/2025 | 4.46 |
| 778,652 Shares | -6.14% | 1/31/2025 | 3.67 |
| 829,630 Shares | -28.14% | 1/15/2025 | 3.07 |
| 1,154,432 Shares | -9.67% | 12/31/2024 | 3.34 |
Cash Flow Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Exchange Gains/Losses | $50,000 |
| Net Cash Flow, Continuing | $1.88 Million |
| Net Cash Flow | $1.93 Million |
| Net Cash Flow From Investing Activities | $-372.50 Million |
| Net Cash Flow From Financing Activities, Continuing | $295.10 Million |
| Net Cash Flow From Financing Activities | $295.10 Million |
Income Statement
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Operating Expenses | $226.32 Million |
| Basic Earnings Per Share | $0.19 |
| Operating Income/Loss | $44.48 Million |
| Basic Average Shares | $37.14 Million |
| Income Tax Expense/Benefit, Deferred | $-6.05 Million |
| Net Income/Loss Available To Common Stockholders, Basic | $7.20 Million |
Comprehensive Income
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $0 |
| Comprehensive Income/Loss Attributable To Parent | $1.91 Million |
| Comprehensive Income/Loss | $1.91 Million |
| Other Comprehensive Income/Loss | $-5.29 Million |
Balance Sheet
January 1, 2024 to December 31, 2024
| Metric | Value |
|---|---|
| Noncurrent Assets | $601.51 Million |
| Fixed Assets | $137.56 Million |
| Accounts Payable | $71.05 Million |
| Equity Attributable To Noncontrolling Interest | $0 |
| Other Current Liabilities | $76.06 Million |
| Noncurrent Liabilities | $436.19 Million |
Historical Dividends
Current dividend: $0.14 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Mar 4, 2025 | Apr 4, 2025 | Mar 14, 2025 | $0.135 | Quarterly |
| Oct 25, 2024 | Jan 3, 2025 | Dec 3, 2024 | $0.135 | Quarterly |
| Sep 4, 2024 | Oct 3, 2024 | Sep 13, 2024 | $0.135 | Quarterly |
| Jun 4, 2024 | Jul 5, 2024 | Jun 18, 2024 | $0.135 | Quarterly |
| Mar 1, 2024 | Apr 4, 2024 | Mar 16, 2024 | $0.135 | Quarterly |
| Oct 26, 2023 | Jan 3, 2024 | Dec 4, 2023 | $0.135 | Quarterly |