MG shows a strong Piotroski trend and a prior earnings-beat streak, but failed momentum and asymmetry gates, elevated put/call positioning, and bearish insider selling weigh on the setup.
Thesis pillars
- Quality Below Floor Despite Piotroski↑Improving
- Momentum And Asymmetry Gates Failed↑Improving
- Elevated Put Call And Implied Vol↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Mistras Group Inc (MG) Stock Analysis
Breakout setup · Inst Constrain edge
Industrials · Security & Protection Services
Wait for pullback to $15.21. At $17.43 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $15.21 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: North America segment (81.0%); Analyst target reached - limited upside remaining.
Mistras Group provides technology-enabled industrial asset integrity and laboratory testing services - including non-destructive testing, pipeline inspections, condition monitoring and specialized engineering - to oil & gas, aerospace & defense, power & utilities, and... Read more
Wait for pullback to $15.21. At $17.43 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $15.21 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: North America segment (81.0%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Mixed signals. Hold existing position. | News modifier +2 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Score 6.1/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 83d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Mistras Group Inc
About Mistras Group Inc
Mistras Group generated $724.0 million in revenue and $16.9 million in net income during 2025, with approximately 81% of revenue coming from its North America segment and roughly 55% tied to oil & gas industry customers such as refineries, pipelines and petrochemical facilities. The company's top ten customers accounted for approximately 36% of 2025 revenue, with no single customer exceeding 10%.
Mistras earns revenue from non-destructive testing field inspections, in-house laboratory quality-control services, mechanical maintenance, engineering consulting, and proprietary NDT equipment, much of it delivered on a recurring "run and maintain" basis at customer facilities. Its OneSuite cloud software integrates more than 90 applications for data management, while Plant Condition Management Software is used by approximately 50% of U.S. refiners along with midstream pipeline operators in Canada and Europe. Aerospace and defense customers are served primarily through a network of in-house laboratories holding Nadcap, AS9100/ISO-9001, and FAA Repair Station certifications. The company has diversified beyond its historically oil-and-gas-heavy customer base into power and utilities, chemical processing, and infrastructure end markets, and completed its "Project Phoenix" operational review - begun in 2023 - to cut costs through headcount optimization and streamlined workflows, with related cost-containment efforts continuing through 2025.
Show full overview
Mistras' North America segment holds radioactive-material licenses from the U.S. Nuclear Regulatory Commission, more than 30 state regulatory agencies, and the Canadian Nuclear Safety Commission to perform radiography inspections, and its aerospace and industrial laboratories depend on maintaining ISO 9001, Nadcap, and FAA Repair Station certifications that customers require before purchasing NDT services. Losing any of these licenses or certifications - whether through an alleged compliance violation or a failed audit - would restrict Mistras from performing the specific inspection services tied to that credential, a risk distinct from the demand-cycle exposure already tied to its oil & gas customer base.
See also: Industrials · Security & Protection Services
From Mistras Group Inc's most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated 2026-08-13Recent Developments — Mistras Group Inc
Latest news
- NEWS Mistras: My Little Stock Pick Grew Up (NYSE:MG) - Seeking Alpha — Seeking Alpha positive
- NEWS Mistras Group (NYSE:MG) Shares Gap Down - What's Next? - MarketBeat — MarketBeat negative
- NEWS Renaissance Technologies LLC Sells 81,100 Shares of Mistras Group Inc $MG - MarketBeat — MarketBeat neutral
- NEWS Mistras Group (NYSE:MG) Shares Gap Up Following Earnings Beat - MarketBeat — MarketBeat positive
- NEWS Mistras Group, Inc. 2026 Q2 - Results - Earnings Call Presentation (NYSE:MG) 2026-08-11 - Seeking Alpha — Seeking Alpha positive
Generated 2026-08-14T11:47:20Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicNorth America segment81%10-K Item 1: 'we generated approximately 81%, 81% and 82%, respectively, of our revenues from our North America segment'
- MEDIUMCustomeroil and gas industry customers55%10-K Item 1A: 'Our customers in the oil and gas industry have accounted for a substantial portion of our historical revenues. Specifically, they accounted for approximately 55%'
- MEDIUMCustomertop ten customers36%10-K Item 1: 'our top ten customers accounting for approximately 36%, 36% and 35% of our revenues during the years ended December 31, 2025, 2024 and 2023'
- MEDIUMGeographicrevenue from outside the United States30%10-K Item 1A: 'we generated approximately 30%, 31%, and 29% of our revenues outside the United States, respectively'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $15.21. At $17.43 the A.R:R is 0.2:1 — below the 1.5:1 minimum for BUY_NOW. Engine's entry $15.21 (support + ATR (held)) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: North America segment (81.0%); Analyst target reached - limited upside remaining. Chart setup: Golden cross, above all MAs, RSI 65, MACD bullish. Mixed signals. Hold existing position. | News modifier +2 (HOLD_IF_HOLDING → STRONG_BUY_WAIT) Target $17.85 (+2.4%), stop $13.38 (−30.3%), A.R:R 0.2:1. Score 6.1/10, moderate confidence.
Take-profit target: $17.85 (+2.4% upside). Target $17.85 (+2.4%), stop $13.38 (−30.3%), A.R:R 0.2:1. Stop-loss: $13.38.
Concentration risk — Geographic: North America segment (81.0%); Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.0): -0.5.
Mistras Group Inc trades at a P/E of 21.0 (forward 13.8). TrendMatrix value score: 7.7/10. Verdict: Buy (Wait for Entry).
11 analysts cover MG with a consensus score of 4.3/5. Average price target: $21.
What does Mistras Group Inc do?Mistras Group provides technology-enabled industrial asset integrity and laboratory testing services - including...
Mistras Group provides technology-enabled industrial asset integrity and laboratory testing services - including non-destructive testing, pipeline inspections, condition monitoring and specialized engineering - to oil & gas, aerospace & defense, power & utilities, and infrastructure customers, centralizing data through its OneSuite cloud software platform. The company generated $724.0 million in revenue and $16.9 million in net income in 2025, with approximately 81% of revenue from its North America segment and top ten customers accounting for about 36% of revenue.