Methode Electronics(MEI) soars 13.27% in nine days, hits 2025 high

Methode Electronics(MEI) shares surged 0.30% today, marking the ninth consecutive day of gains, with a cumulative increase of 13.27% over the past nine days. The stock price reached its highest level since March 2025, with an intraday gain of 1.99%.

The strategy of buying MEI shares after they reached a recent high and selling them one week later resulted in a significant underperformance. Over the past five years, the strategy yielded a return of -61.64%, which is a substantial loss compared to the benchmark return of 56.99%. The strategy had a maximum drawdown of -77.55%, indicating a high risk of substantial losses during market downturns. The Sharpe ratio was -0.54, suggesting that the risk-adjusted return was negative, further highlighting the strategy's poor performance.

Methode Electronics' stock has seen significant movement recently, with shareholders experiencing a 77% increase in the last quarter. This is particularly notable given that the stock had previously been 77% below its 2022 high. The potential for revenue stabilization and margin improvements presents an asymmetric upside for the stock. Investors are closely watching these developments as they could further influence the stock's performance.

Upcoming financial results for the fourth quarter and full fiscal year 2025, scheduled for release on July 9, 2025, are expected to provide more clarity on the company's financial health and future prospects. These results could significantly impact investor sentiment and the stock's trajectory. Analysts and investors alike are eagerly awaiting these figures to gauge the company's progress and potential for growth.