Mayville Engineering Stock Soars 20.21% on Bullish Sentiment

On March 28, 2025, Mayville Engineering's stock surged by 20.21% in pre-market trading, indicating a significant bullish sentiment among investors.

Analysts have forecasted that Mayville Engineering's stock may experience a decline of 10.84% over the next three months, with a 90% probability of holding a price between $11.86 and another unspecified value. This forecast suggests a potential short-term volatility in the stock's performance.

Despite the short-term forecast, Mayville Engineering has a consensus target price of $19.00, indicating a potential upside of 35.62%. This target price reflects analysts' optimism about the company's long-term prospects and its ability to deliver value to shareholders.

Mayville Engineering's stock has been trading within a 52-week range of $12.75 to $23.02, showcasing its historical price volatility. The company's market capitalization stands at $285.27 million, with a PE ratio of 23.68 and a beta of 1.23, indicating moderate volatility compared to the broader market.

Recent trading activity shows that Mayville Engineering's stock opened at $13.97 and traded up by 0.1%, reaching $14.01. This slight increase in stock price reflects the ongoing interest and confidence in the company's performance among investors.