On September 18, 2024, David Blom, a Director at Methode Electronics Inc (MEI, Financial), purchased 9,320 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 37,531 shares of Methode Electronics Inc.
Methode Electronics Inc, a company specializing in the design and manufacture of electromechanical devices, has seen a pattern of insider buying over the past year, with three insider buys and zero insider sells. This recent purchase by David Blom aligns with the ongoing trend of insider confidence in the company's stock.
Shares of Methode Electronics Inc were priced at $10.81 on the day of the transaction. The company currently holds a market cap of $402.5 million. According to the GF Value, the intrinsic value estimate of the stock is $39.18, indicating a price-to-GF-Value ratio of 0.28. This suggests that the stock might be undervalued, categorized as a Possible Value Trap, Think Twice.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider activity and valuation analysis provide a snapshot of Methode Electronics Inc's current financial positioning and insider sentiment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
