How to Buy Mayville Engineering Company Stock
Mayville Engineering Company Inc
Mayville Engineering Co. , Inc. engages in the manufacture of metal components. The company is headquartered in Mayville, Wisconsin and currently employs 3,100 full-time employees.
Mayville Engineering Company stock last closed at $21.05, up 0.24% from the previous day, and has increased 74.69% in one year. It has overperformed other stocks in the Metal Fabrication industry by 0.33 percentage points. Mayville Engineering Company stock is currently +116.59% from its 52-week low of $9.72, and -4.62% from its 52-week high of $22.07.
There are currently 20.62M shares of MEC outstanding. The market cap of MEC is $434.04M. In the last 24 hours, 53,634 MEC shares were traded.
How to Buy Mayville Engineering Company Stock
Wondering how to invest in Mayville Engineering Company stock? Here's how.
- Choose where to buy Mayville Engineering Company stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Mayville Engineering Company stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your payment method and add your details.
- Analyze Mayville Engineering Company stock: The Mayville Engineering Company ticker symbol is MEC. Is Mayville Engineering Company stock a good investment? Should you buy shares of MEC? How do MEC's underlying business fundamentals look? Do top analysts think Mayville Engineering Company is a good buy? Why has MEC's stock price moved recently? (Hint: Our stock market research website can help you figure out if MEC is a good stock to buy).
- Make your MEC purchase: Decide if you will purchase MEC shares at the current market price or use a limit order to purchase MEC stock at a particular price.
- Get notifications regarding your investment in MEC: Create a watchlist to keep track of your new investment in Mayville Engineering Company shares.
Step 1: Choose where to buy Mayville Engineering Company stock
You will need an online brokerage account in order to access the NYSE market and buy MEC stock.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
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Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you are able to invest in MEC today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on the best stock app, your next step is to transfer the money for your investment:
Watch the tutorial below if you need help depositing money into your brokerage account.
Step 4: Analyze Mayville Engineering Company stock
After you have chosen the best place to buy Mayville Engineering Company stock, it's important to research their stock before you buy, so you actually understand the risk as well as the upside.
Mayville Engineering Company stock quick numbers
Mayville Engineering Company Fundamentals
WallStreetZen was built to help everyday investors perform more accurate fundamental analysis in less time.
You can see all of the due diligence checks on MEC's stock page.
What is the fair value of MEC stock?
You can use many financial metrics, analyses, models, and charts to gauge MEC's fair value.
Using relative valuations metrics:
- MEC could be overvalued based on its P/E ratio of 41.27x, relative to Metal Fabrication industry P/E ratio of 25.96x
- MEC may be undervalued based on its P/B ratio of 1.82x, relative to Metal Fabrication industry P/B ratio of 3.55x
- MEC may be overvalued based on its PEG ratio of 1.13x
You can do additional valuation analysis on MEC's stock here.
MEC Financial Health Overview
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the MEC balance sheet.
- MEC's operating cash flow of $80.13M allows it to safely service it's debt of $153.54M.
- Total MEC debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- MEC has a relatively high debt to equity ratio of 1.05.
- There are more long-term liabilities than short-term assets on the MEC balance sheet.
- MEC profit margin has gone down from 2.4% to 1.7% in the past year.
- MEC earnings of $27.03M is not enough to cover its interest payments.
Do Wall Street analysts think it's a good time to buy MEC stock
Out of 2 sell side analysts who research MEC, the consensus analyst rating on Mayville Engineering Company is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they investment advice.
You can dig deeper into what analysts are saying on the Mayville Engineering Company stock forecast page.
MEC Technical Indicators
MEC Performance Numbers
Last year, MEC earnings were $10.68M. During the last 4 year, MEC's earnings have increased by 78.71% per year. This was faster than the Metal Fabrication industry average of 15.02%.
Last year, MEC revenue was $631.70M. In the last 5 year, MEC's revenue has grown by 6.34% per year. This was faster than the Metal Fabrication industry average of 6.28%.
Find out more about MEC's earnings and revenue performance here.
Are MEC insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at MEC have sold more shares than they have bought.
Ryan F. Raber, EVP - Strategy Sales Mktg of MEC, was the latest MEC insider to sell. They sold $411,878.20 worth of MEC stock on Aug 23, 2024.
Get more info about who owns MEC stock here.
Can I rely on MEC as an income stream?
No, Mayville Engineering Company doesn't provide an income stream by paying out dividends.
What do other traders have to say about MEC?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your MEC purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you require additional help with investing in stocks on eToro, click the helpful video below:
Step 6: Get notifications regarding your investment in MEC
Now that you own some MEC shares, you'll want to keep up with your shares.
Make a watchlist to see the latest developments about your MEC stock.
MEC Feed
How to Buy Stock in Mayville Engineering Company
To reiterate, here are the 6 steps for buying Mayville Engineering Company stock:
- Choose where to buy Mayville Engineering Company stock
- Create your brokerage account
- Fund your investment account
- Analyze Mayville Engineering Company stock
- Make your MEC purchase
- Get notifications regarding your investment in MEC
If you need a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to track your investment in Mayville Engineering Company, add MEC to your watchlist below.
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