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How to Buy Methanex Stock

Methanex Corp

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America.

Methanex stock last closed at $44.40, up 0.77% from the previous day, and has decreased 6.8% in one year. It has underperformed other stocks in the Chemicals industry by 0.04 percentage points. Methanex stock is currently +16.29% from its 52-week low of $38.18, and -19.02% from its 52-week high of $54.83.

As of Feb 23, 2024, there are 67M shares of MEOH outstanding. The market value of MEOH is $2.97B. In the last 24 hours, 228,823 MEOH shares were traded.

How to Buy Methanex Stock

Wondering how to invest in Methanex stock? Here's how.
  1. Choose where to buy Methanex stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you figure out where to buy Methanex stock.
  2. Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit money your brokerage account: Select your method of payment and add your information.
  4. Analyze Methanex stock: The Methanex ticker symbol is MEOH. Is Methanex stock a good investment? Should you buy shares of MEOH? How do MEOH's underlying business fundamentals look? Do top analysts think Methanex is a good buy? Why has MEOH's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if MEOH is a good stock to buy).
  5. Execute your MEOH buy order: Decide if you will purchase MEOH shares at the current market price or use a limit order to purchase MEOH shares at a particular price.
  6. Get updates on your MEOH investment: Create a watchlist to watch your position in Methanex stock.

Step 1: Choose where to buy Methanex stock

You will need an online brokerage account in order to access the NASDAQ market and buy MEOH shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for your brokerage account

Now that you've picked the best brokerage, you'll need to fill out some personal details so you are able to buy MEOH today.

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Step 3: Deposit money your brokerage account

Now that you have created your account on the best stock market app for beginners, your next step is to transfer the money for your investment:

Watch the tutorial below to see the process of transferring money into your brokerage account.

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Step 4: Analyze Methanex stock

Once you have decided on the best place to buy Methanex stock, it's important to research their stock prior to investing, so you can comprehend the risk and upside.

Methanex shares quick numbers

MEOH Price
$44.40
1w %
-5.63%
1y %
-6.8%
5y %
-23.45%
P/E
17.28x
P/B
1.54x
P/S
0.81x
PEG
0.2x
Revenue
$3.72B
Earnings
$174.14M
Fore. Rev. Growth
4.87%
Fore. Earn. Growth
97.26%
Market Cap
$2.97B
Next Earnings
Apr 24, 2024
Next Dividend
Mar 28, 2024

Fundamentals of Methanex

WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on MEOH's stock page.

Is MEOH stock properly valued?

Investors use many financial metrics, analyses, models, and charts to gauge MEOH's true value.

Using relative valuations methods:

  • MEOH may be undervalued based on its P/E ratio of 17.28x, relative to Chemicals industry P/E ratio of 39.76x
  • MEOH may be undervalued based on its P/B ratio of 1.54x, relative to Chemicals industry P/B ratio of 1.87x
  • MEOH could be undervalued based on its PEG ratio of 0.2x

You can do additional valuation research on MEOH's stock here.

A quick look at MEOH Financials

Passed Financial Due Diligence Checks:

  • MEOH's operating cash flow of $660.27M allows it to safely service it's debt of $3.11B.
  • There are more short-term assets than short-term liabilities on the MEOH balance sheet.

Failed Financial Due Diligence Checks:

  • Total MEOH debt is higher than 5 years ago, relative to shareholder equity.
  • MEOH profit margin has gone down from 8.2% to 4.7% in the past year.
  • MEOH has a relatively high debt to equity ratio of 2.2.
  • MEOH earnings of $293.00M is not enough to cover its interest payments.
  • There are more long-term liabilities than short-term assets on the MEOH balance sheet.

Is it a good time to buy Methanex stock, according to Wall Street analysts?

Out of 5 Wall Street analysts who give recommendations on MEOH, the consensus analyst rating on MEOH is a Buy

Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are projecting on the Methanex stock forecast page.

MEOH Technicals

SMA10
45.04
SMA20
45.17
SMA50
45.67
SMA100
44.12
SMA200
43.32
MACD
-0.27
MACD Signal
-0.09
MACD Histogram
-0.18
RSI
47.43
Stochastic %K
45.1
Stochastic %D
38.83
StochRSI %K
41.93
StochRSI %D
37.72

How are MEOH Revenues/Earnings doing?

Last year, MEOH earnings were $174.14M. Over the past five year, MEOH's earnings have grown by -18.32% per year. This was slower than the Chemicals industry average of -16.83%.

Last year, MEOH revenue was $3.72B. During the past five year, MEOH's revenue has grown by -3.64% per year. This was slower than the Chemicals industry average of 1.16%.

You can analyze MEOH's earnings and revenue performance here.

Latest Insiders Trades at MEOH

In the last 12 months, insiders at MEOH have not bought or sold any shares.

Get more info about who owns MEOH shares here.

Can I get consistent income from MEOH stock?

Methanex pays a dividend of 1.64%, compared to the Chemicals industry's average dividend yield of 3.41%. If you owned $1,000 of MEOH stock, you would have received $16.44 last year.

Methanex dividend payments have not consistently grown over the past decade and have not remained stable.

Find more info about Methanex dividend yield and history here.

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Step 5: Execute your MEOH buy order

There are two primary types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are generally sufficient.
  • 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 a specific price, place a limit order.

Press the Open Trade button and your broker will execute your order.

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Step 6: Get updates on your MEOH investment

Now that you own some MEOH stock, you'll want to keep up with your investment.

Add MEOH to a watchlist to get notified of the latest news about your MEOH stock.

MEOH Feed

How to Buy Stock in Methanex

To summarize, here are the 6 steps you need to take to buy Methanex stock right now:

  1. Choose where to buy Methanex stock
  2. Sign up for your brokerage account
  3. Deposit money your brokerage account
  4. Analyze Methanex stock
  5. Execute your MEOH buy order
  6. Get updates on your MEOH investment

If you are looking for a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your investment in Methanex, create a watchlist on WallStreetZen today.

NASDAQ: MEOH
$44.40+0.34 (+0.77%)
Updated Feb 23, 2024
Open eToro Account
NASDAQ: MEOH
$44.40+0.34 (+0.77%)
Updated Feb 23, 2024
Open eToro Account

FAQ

How much does it cost to buy one Methanex share?

As of Feb 23, 2024, it costs $44.40 to buy one share of Methanex stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.225 shares of MEOH.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Methanex stock?

According to 5 Wall Street analysts who monitor Methanex, their consensus recommendation is to buy Methanex stock.

What is the best way to buy Methanex stock?

One way to place an order for Methanex stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.