MEC Should I Buy
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Mayville Engineering Company Inc (MEC) is not a strong buy at the moment for a beginner investor with a long-term strategy. The stock appears to be fairly valued based on analyst ratings, and there are no significant positive catalysts or trading signals to suggest an immediate buying opportunity. Additionally, the company's financial performance in the latest quarter shows declining profitability, which raises concerns for long-term growth.
The technical indicators show a mixed picture. The MACD is positive but contracting, RSI is neutral at 58.532, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading near a resistance level (R1: 21.953) with a pivot at 20.677, indicating limited upside potential in the short term.
NULL identified. No recent news or significant trading trends from hedge funds or insiders. The stock has a 70% chance of a modest 4.06% gain in the next month, but this is not a strong enough catalyst for a long-term buy.
Analyst downgrade from Northland to Market Perform, citing the stock as fully valued and near a strong resistance level. Financial performance in Q3 2025 shows a significant decline in net income (-189.95% YoY) and EPS (-192.86% YoY), along with a drop in gross margin (-21.76% YoY).
In Q3 2025, revenue increased by 6.59% YoY to $144.31M, but net income dropped significantly to -$2.675M (-189.95% YoY). EPS fell to -0.13 (-192.86% YoY), and gross margin declined to 8.88% (-21.76% YoY). These results indicate declining profitability despite revenue growth.
Northland downgraded the stock to Market Perform from Outperform with an unchanged price target of $20. Analysts believe the stock is fully valued and facing resistance, despite liking the company's fundamentals and long-term growth outlook.
