How to Buy Myr Group Stock
Myr Group Inc
MYR Group Inc. , through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial.
Myr Group stock last closed at $166.06, up 0.89% from the previous day, and has increased 38.18% in one year. It has underperformed other stocks in the Engineering & Construction industry by 0.17 percentage points. Myr Group stock is currently +49.78% from its 52-week low of $110.87, and -8.26% from its 52-week high of $181.02.
As of Apr 25, 2024, there are 16.74M shares of MYRG outstanding. The market cap of MYRG is $2.78B. In the last 24 hours, 124,142 MYRG shares were traded.
How to Buy Myr Group Stock
Wondering how to invest in Myr Group stock? Here's how.
- Figure out where to buy Myr Group stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you choose where to buy Myr Group stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your payment method and add your details.
- Research Myr Group stock: The Myr Group ticker symbol is MYRG. Is Myr Group stock a good investment? Should you buy shares of MYRG? How do MYRG's underlying business fundamentals look? Do top analysts think Myr Group is a good buy? Why has MYRG's stock price moved recently? (Hint: Our stock market research tools can help you understand if MYRG is a good stock to buy).
- Place your MYRG trade: Decide if you will purchase MYRG shares at the current market price or use a limit order to buy MYRG shares at a particular price.
- Watch your MYRG position: Create a watchlist to key updates about your investment in Myr Group shares.
Step 1: Figure out where to buy Myr Group stock
You need a brokerage account to access the NASDAQ market and buy MYRG stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Tech to Utilities, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading exchanges.
- Social investing: eToro has a community with 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 fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your purchase of stock by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the right brokerage, you need to fill out some personal info so you are able to buy MYRG today.
How to Set Up 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.
- Enter your personal info to open your new brokerage account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have filled out your info on the greatest app to buy stocks, you need to deposit funds:
Watch this video walkthrough to see the process of depositing funds into your brokerage account.
Step 4: Research Myr Group stock
After you have identified the best place to buy Myr Group stock, it's absolutely critical to research their stock before you invest, so you actually understand the risk and opportunity.
Myr Group quick stats
MYRG Fundamentals
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on MYRG's stock page.
Is MYRG stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge MYRG's fair value.
Using relative valuations ratios:
- MYRG could be undervalued based on its P/E ratio of 30.47x, relative to Engineering & Construction industry P/E ratio of 34.68x
- MYRG could be overvalued based on its P/B ratio of 4.27x, relative to Engineering & Construction industry P/B ratio of 4.17x
- MYRG could be overvalued based on its PEG ratio of 3.25x
You can do additional valuation research on MYRG's stock here.
MYRG Financials at a glance
Pros:
- There are more short-term assets than long-term liabilities on the MYRG balance sheet.
- There are more short-term assets than short-term liabilities on the MYRG balance sheet.
- MYRG has cash burn of 8112000. It has enough cash and short-term investments to cover this for at least one year.
- MYRG has $24.90M in cash and short term investments. This is enough to cover its annual cash burn of $8.11M.
Cons:
- MYRG has a relatively high debt to equity ratio of 1.42.
- Total MYRG debt is higher than 5 years ago, relative to shareholder equity.
- MYRG profit margin has gone down from 2.8% to 2.5% in the past year.
Is MYRG stock a Buy, Hold, or Sell, according to analysts?
Out of 3 Wall Street analysts who research MYRG, the consensus analyst rating on MYRG is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Myr Group stock forecast page.
MYRG Momentum
MYRG Growth Metrics
Last year, MYRG earnings were $90.99M. Over the past 5 year, MYRG's earnings have increased by 23.59% per year. This was faster than the Engineering & Construction industry average of 19.21%.
Last year, MYRG revenue was $3.64B. During the past five year, MYRG's revenue has grown by 18.93% per year. This was faster than the Engineering & Construction industry average of 10.64%.
Learn more about MYRG's earnings and revenue performance here.
What are MYRG insiders up to?
In the past year, executives and large shareholders at MYRG have sold more shares than they have bought.
Don A. Egan, SVP and COO CI of MYRG, was the latest MYRG insider to sell. They sold $25,705.48 worth of MYRG shares on Mar 23, 2024.
Research more about who owns MYRG stock here.
Does MYRG stock generate passive income?
No, Myr Group doesn't provide an income stream by paying out dividends.
What do other investors have to say about MYRG?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your MYRG trade
There are 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 usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price limit, use a limit order.
Click the Open button and your broker will execute your order.
If you want additional info about buying stocks on eToro, watch the helpful video below:
Step 6: Watch your MYRG position
Now that you own some MYRG shares, you'll want to keep up with your shares.
Start a watchlist to see the latest developments about your MYRG stock.
MYRG Feed
How to Buy Stock in Myr Group
To reiterate, here are the 6 steps for buying Myr Group stock:
- Figure out where to buy Myr Group stock
- Sign up for your brokerage account
- Fund your investment account
- Research Myr Group stock
- Place your MYRG trade
- Watch your MYRG position
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep tabs on your new investment in Myr Group, add MYRG to your watchlist by clicking the button below.
More "How To" Guides You May Enjoy
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.