Magna International Inc (MGA) concluded trading on Wednesday at a closing price of $44.19, with 5.97 million shares of worth about $263.78 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.15% during that period and on November 13, 2024 the price saw a gain of about 0.05%. Currently the company’s common shares owned by public are about 286.55M shares, out of which, 268.38M shares are available for trading.
Stock saw a price change of 4.91% in past 5 days and over the past one month there was a price change of 7.70%. Year-to-date (YTD), MGA shares are showing a performance of -25.20% which decreased to -15.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $38.01 but also hit the highest price of $60.32 during that period. The average intraday trading volume for Magna International Inc shares is 1.46 million. The stock is currently trading 4.09% above its 20-day simple moving average (SMA20), while that difference is up 6.33% for SMA50 and it goes to -4.03% lower than SMA200.
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Magna International Inc (NYSE: MGA) currently have 286.55M outstanding shares and institutions hold larger chunk of about 72.58% of that.
The stock has a current market capitalization of $17.70B and its 3Y-monthly beta is at 1.59. PE ratio of stock for trailing 12 months is 11.78, while it has posted earnings per share of $3.75 in the same period. Its PEG reads 1.22 and has Quick Ratio of 0.77 while making debt-to-equity ratio of 0.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MGA, volatility over the week remained 2.28% while standing at 2.62% over the month.
Stock’s fiscal year EPS is expected to drop by -4.17% while it is estimated to increase by 13.76% in next year. EPS is likely to grow at an annualized rate of 9.62% for next 5-years, compared to annual growth of -8.63% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on September 25, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $55 and $43 to it. On July 01, 2024, Exane BNP Paribas Upgrade their recommendations, while on January 03, 2024, Goldman Downgrade their ratings for the stock with a price target of $58. Stock get a Neutral rating from UBS on September 13, 2023.
