How to Buy Methode Electronics Stock
Methode Electronics Inc
Methode Electronics is a electronic component company located in Illinois, United States, which is part of the Technology sector, and is traded under the ticker MEI on the NYSE exchange.
Methode Electronics stock last closed at $12.27, down 0.65% from the previous day, and has decreased 70.97% in one year. It has underperformed other stocks in the Electronic Components industry by 0.89 percentage points. Methode Electronics stock is currently +13.3% from its 52-week low of $10.83, and -73.66% from its 52-week high of $46.58.
There are currently 35.39M shares of MEI outstanding. The market value of MEI is $434.24M. In the past 24 hours, 256,498 MEI shares were traded.
How to Buy Methode Electronics Stock
Not sure how to invest in Methode Electronics stock? Here's how.
- Figure out where to buy Methode Electronics stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Methode Electronics stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your payment method and add your details.
- Research Methode Electronics stock: The Methode Electronics ticker symbol is MEI. Is Methode Electronics stock a good investment? Should you buy shares of MEI? How do MEI's underlying business fundamentals look? Do top analysts think Methode Electronics is a good buy? Why has MEI's stock price moved recently? (Hint: Our stock research website can help you decide if MEI is a good stock to buy).
- Make your MEI trade: Decide if you will purchase MEI shares at the current market price or use a limit order to buy MEI stock at a given price.
- Get key alerts regarding your MEI investment: Create a watchlist to track your new investment in Methode Electronics shares.
Step 1: Figure out where to buy Methode Electronics stock
You need a brokerage account to access the NYSE market and buy MEI stock.
Our favorite brokerage: eToro
In our opinion, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to world markets: From Tech to Energy, New York to London — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you can buy MEI today.
How to Create a New Investment 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.
- Provide your personal info to open a new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have opened your account on one of the best stock apps, your next step is to transfer the money for your investment:
Check out the video below for more details transferring funds into your investment account.
Step 4: Research Methode Electronics stock
After you have identified the best place to buy Methode Electronics stock, it's absolutely critical to research their stock before you invest, so you can comprehend the risk as well as the upside.
Methode Electronics Metrics
Methode Electronics Zen Score
WallStreetZen was designed to help part-time investors do more accurate fundamental analysis.
You can see all of the due diligence checks on MEI's stock page.
Is MEI stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MEI's intrinsic value.
Using relative valuations methods:
- MEI could be undervalued based on its P/B ratio of 0.52x, relative to Electronic Components industry P/B ratio of 3.95x
You can do more valuation analysis on MEI's stock here.
How do MEI Financials look?
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the MEI balance sheet.
- Total MEI debt is lower than 5 years ago, relative to shareholder equity.
- MEI's operating cash flow of $71.60M allows it to safely service it's debt of $357.50M.
- There are more short-term assets than short-term liabilities on the MEI balance sheet.
Negative Health Checks:
- MEI has a relatively high debt to equity ratio of 0.79.
- MEI earnings of -$43.60M is not enough to cover its interest payments.
- MEI profit margin has gone down from 7.3% to -5.1% in the past year.
Is it a good time to buy Methode Electronics stock, according to analysts?
Out of 1 sell side analysts who give ratings on MEI, the consensus analyst rating on Methode Electronics is a Hold
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Methode Electronics stock forecast page.
Metrics for Advanced MEI Traders
MEI Performance Metrics
Last year, MEI revenue was $1.14B. In the last five year, MEI's revenue has increased by 2.97% per year. This was slower than the Electronic Components industry average of 6.14%.
Find out more about MEI's earnings and revenue performance here.
Are MEI executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at MEI have bought more shares than they have sold.
Andrea Jean Barry, Chief Administrative Officer of MEI, was the latest MEI insider to sell. They sold $56,875.06 worth of MEI shares on May 4, 2024.
Dig into more about who owns MEI stock here.
Does MEI stock generate passive income?
Methode Electronics pays a dividend of 4.56%, compared to the Electronic Components industry's average dividend yield of 1.85%. If you owned $1,000 of MEI stock, you would have been paid $45.64 in the past 12 months.
Methode Electronics dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Methode Electronics dividend yield and history here.
Get opinions from other traders
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your MEI trade
You have two main 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 fine for most investors. - Limit order: A limit order enables 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 dollar amount limit, use a limit order.
Hit the Open button and your broker will execute the order.
If you need additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Get key alerts regarding your MEI investment
Now that you own some MEI stock, you'll want to stay up-to-date on your new company.
Add MEI to a watchlist to get notified of important updates regarding your MEI stock.
MEI Feed
How to Buy Stock in Methode Electronics
To reiterate, here are the 6 steps you need to take to buy Methode Electronics stock right now:
- Figure out where to buy Methode Electronics stock
- Sign up for a brokerage account
- Fund your brokerage account
- Research Methode Electronics stock
- Make your MEI trade
- Get key alerts regarding your MEI investment
If you are looking for a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Methode Electronics, click below.
More Stock Buying Guides You May Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation 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.