MYE Should I Buy
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Myers Industries Inc. (MYE) is not a strong buy at this moment for a beginner investor with a long-term strategy. While there are some positive signals, such as insider buying and bullish moving averages, the financial performance is weak, with significant declines in net income and EPS. Additionally, there are no strong proprietary trading signals or recent news catalysts to support an immediate buy decision.
The technical indicators suggest a neutral to slightly bullish sentiment. The MACD is positive and contracting, RSI is neutral at 53.441, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading above the pivot level of 21.551, with resistance levels at 22.464 and 23.028, and support levels at 20.638 and 20.074.
Insider buying has increased significantly by 799.14% over the last month.
Bullish moving averages indicate potential upward momentum.
Financial performance in Q3 2025 shows a significant decline in net income (-165.16% YoY) and EPS (-165.52% YoY).
No recent news or event-driven catalysts.
No recent congress trading data or influential figure activity.
In Q3 2025, revenue increased slightly by 0.18% YoY to $205.44M. However, net income dropped significantly by -165.16% YoY to $7.09M, and EPS fell by -165.52% YoY to 0.19. Gross margin improved marginally by 0.16% YoY to 31.81%.
No recent updates on analyst ratings or price target changes.
