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 $14.06, up 2.7% from the previous day, and has increased 22.58% in one year. It has underperformed other stocks in the Metal Fabrication industry by 0.11 percentage points. Mayville Engineering Company stock is currently +47.23% from its 52-week low of $9.55, and -9.29% from its 52-week high of $15.50.
There are currently 20.36M shares of MEC outstanding. The market cap of MEC is $286.33M. In the last 24 hours, 48,456 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.
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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.
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- 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.
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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 37x, relative to Metal Fabrication industry P/E ratio of 19.04x
- MEC may be undervalued based on its P/B ratio of 1.25x, relative to Metal Fabrication industry P/B ratio of 2.96x
- MEC may be undervalued based on its PEG ratio of 0.34x
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 $40.36M allows it to safely service it's debt of $181.16M.
Failed Health Checks:
- MEC earnings of $19.98M is not enough to cover its interest payments.
- There are more long-term liabilities than short-term assets on the MEC balance sheet.
- MEC has a relatively high debt to equity ratio of 1.16.
- MEC profit margin has gone down from 3.5% to 1.3% in the past year.
Is MEC stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 sell side analysts who give ratings on MEC, the consensus analyst rating on MEC is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Mayville Engineering Company stock forecast page.
MEC Momentum
How is MEC performing as a company?
Last year, MEC earnings were $7.84M. During the last five year, MEC's earnings have gone up by -21.69% per year. This was slower than the Metal Fabrication industry average of 27.69%.
Last year, MEC revenue was $588.43M. During the past five year, MEC's revenue has grown by 10.66% per year. This was faster than the Metal Fabrication industry average of 3.72%.
Learn more about MEC's earnings and revenue performance here.
Latest Insiders Trades at MEC
In the last 12 months, insiders at MEC have sold more shares than they have bought.
Jagadeesh A. Reddy, President CEO of MEC, was the latest MEC insider to buy. They bought $20,046.00 worth of MEC shares on Mar 15, 2024.
Learn more about who owns MEC shares here.
Does MEC provide a stable income stream?
No, Mayville Engineering Company doesn't provide an income stream by paying out dividends.
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Step 5: Make your MEC purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Click the Open button and your broker will place your order.
If you need additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get notifications regarding your investment in MEC
Now that you own some MEC shares, you'll want to stay up-to-date on your company.
Put MEC on a watchlist to track your MEC stock.
MEC Feed
How to Buy Stock in Mayville Engineering Company
To summarize, 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 are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to watch your new investment in Mayville Engineering Company, add MEC to your watchlist below.
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