MYE Stock Analysis: Buy, Sell, or Hold?
MYE - Myers Industries, Inc.
$23.08
-0.25 (-1.07%)
▼
5d:
+0.22%
30d:
+16.45%
90d:
+6.02%
BUY
MODERATE Confidence
Analysis Updated: Jun 3, 2026 12:00 AM ET
Earnings: Aug 06, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: MYE shows positive signals but monitor for confirmation. Market pricing in 3.3% decline. Moderate conviction.
💡 BUY OPPORTUNITY: MYE shows positive signals but monitor for confirmation. Market pricing in 3.3% decline. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$42.45
Based on 10.9% avg growth
INTRINSIC VALUE TODAY
$26.36
12.4% Margin of Safety
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 13.7x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: MYE is currently trading at $23.08, which is considered slightly high relative to its 30-day fair value range of $20.94 to $23.09. The stock's valuation (Forward PE: 12.4) is in line with its historical norms (13.7). Remarkably, the market is currently pricing in an annual earnings decline of 3.3% over the next few years. This pessimistic expectation contrasts with the company's recent 172.5% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, MYE is in a uptrend. The price is approaching resistance at $23.50. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: MYE has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $26.00 (+12.7%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, MYE is in a uptrend. The price is approaching resistance at $23.50. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: MYE has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Wall Street analysts see significant upside, with an average price target of $26.00 (+12.7%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY HIGH
Historical Trading Range
$20.94 -
$23.09
Company Quality Score
58/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
73.8%
All Signals
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($26.00)
Trading Range Analysis
30-Day Trading Range
$20.94 -
$23.09
Current vs Trading Range
SLIGHTLY HIGH
Support & Resistance Levels
Support Level
$21.14
Resistance Level
$23.50
Current Trend
Uptrend
Technical data as of
Jun 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
12.41
Wall Street Target
$26.00
(+12.7%)
Revenue Growth (YoY)
1.8%
Earnings Growth (YoY)
172.5%
Profit Margin
3.2%
Valuation Discount vs History
-3.3% cheaper
PE vs Historical
12.4 vs 13.7
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-3.3%
(market-implied from PE analysis)
1-Year Target
$22.32
(-3%)
2-Year Target
$21.58
(-7%)
3-Year Target
$20.87
(-10%)
3-Yr Target (if PE normalizes)
(PE: 12→14)
$23.04
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.9, Growth: 17.7%)
$66.48
(+188%)
Base:
(SPY PE: 12.4, Growth: 17.7%)
$37.65
(+63%)
Bear:
(PE: 10.5, Growth: 17.7%)
$32.01
(+39%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (21x PE), but valuation improves significantly next year (12x PE) as earnings recover.
Trailing PE: 20.75 | Current EPS (TTM): $1.11
Bull Case
$42.45
(+83%)
Analyst growth 67.6%, PE expands to 22.8
Base Case
$38.59
(+66%)
Market implied 67.6%, PE stable at 20.8
Bear Case
$15.66
(-33%)
Severe decline -20.0%, PE contracts to 17.6
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 12.4 to 13.7
Stabilization Target:
$25.48
(+10.4%)
PE Expansion Potential:
+10.4%
Share & Embed Analysis
Last updated: June 03, 2026 5:36 PM ET
Data refreshes hourly during market hours. Next update: 6:36 PM
Data refreshes hourly during market hours. Next update: 6:36 PM
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Technical Signals Check
Is MYE showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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