Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate MYR Group Inc before investing.

In this article, we go over a few key elements for understanding MYR Group Inc’s stock price such as:

• MYR Group Inc’s current stock price and volume
• Why MYR Group Inc’s stock price changed recently
• Upgrades and downgrades for MYRG from analysts
• MYRG’s stock price momentum as measured by its relative strength

About MYR Group Inc (MYRG)

Before we jump into MYR Group Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

MYR Group Inc. is a holding company. The Company, through its subsidiaries, provides specialty electrical construction services, which serve the electric utility infrastructure, commercial and industrial construction markets. It operates through two electrical contracting service segments: Transmission and Distribution (T&D;) and Commercial and Industrial (C&I;). Its T&D; segment provides a range of services on electric transmission and distribution networks, substation facilities, which include design, engineering, procurement, construction, upgrade and maintenance and repair services, with a focus on construction, maintenance and repair. It also provides emergency restoration services in response to, wildfire, ice or other damage. Its C&I; segment provides services, such as the design, installation, maintenance and repair of commercial and industrial wiring, the installation of intelligent transportation systems, roadway lighting and signalization in the United States and western Canada.

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MYR Group Inc’s Stock Price as of Market Close

As of August 19, 2024, 4:00 PM, CST, MYR Group Inc’s stock price was $107.12.

MYR Group Inc is up 5.43% from its previous closing price of $101.60.

During the last market session, MYR Group Inc’s stock traded between $101.43 and $103.45. Currently, there are 16.76 million shares of MYR Group Inc stock available for purchase.

MYR Group Inc’s price-earnings (P/E) ratio is currently at 34.9, which is high compared to the Construction & Engineering industry median of 24. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

MYR Group Inc Stock Price History

MYR Group Inc’s (MYRG) price is currently down 23.75% so far this month.

During the month of August, MYR Group Inc’s stock price has reached a high of $130.27 and a low of $92.48.

Over the last year, MYR Group Inc has hit prices as high as $181.02 and as low as $92.48. Year to date, MYR Group Inc’s stock is up 16.35%.

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What Caused MYR Group Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 16, 2024, there were 4 analysts who downgraded MYR Group Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate MYR Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on MYR Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

MYR Group Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about MYR Group Inc (MYRG) by visiting AAII Stock Evaluator.

Relative Price Strength of MYR Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 16, 2024, MYR Group Inc has a weighted four-quarter relative price strength of -16.23%, which translates to a Momentum Score of 22 and is considered to be Weak.

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MYR Group Inc Stock Price: Bottom Line

As of August 19, 2024, MYR Group Inc’s stock price is $107.12, which is up 5.43% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like MYR Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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