Magna International Inc (MGA) concluded trading on Thursday at a closing price of $45.79, with 2.91 million shares of worth about $133.34 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.69% during that period and on December 05, 2024 the price saw a loss of about -0.02%. Currently the company’s common shares owned by public are about 287.34M shares, out of which, 268.38M shares are available for trading.
Stock saw a price change of 1.87% in past 5 days and over the past one month there was a price change of 7.54%. Year-to-date (YTD), MGA shares are showing a performance of -22.49% which decreased to -16.30% 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 1.54 million. The stock is currently trading 3.05% above its 20-day simple moving average (SMA20), while that difference is up 7.10% for SMA50 and it goes to 1.34% higher than SMA200.
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Magna International Inc (NYSE: MGA) currently have 287.34M outstanding shares and institutions hold larger chunk of about 71.38% of that.
The stock has a current market capitalization of $13.16B and its 3Y-monthly beta is at 1.60. PE ratio of stock for trailing 12 months is 12.21, while it has posted earnings per share of $3.75 in the same period. Its PEG reads 1.27 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 2.21% while standing at 2.45% over the month.
Stock’s fiscal year EPS is expected to drop by -4.40% while it is estimated to increase by 13.86% 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.
Coverage by Morgan Stanley stated Magna International Inc (MGA) stock as an Equal-weight in their note to investors on September 25, 2024, suggesting a price target of $43 for the stock. Stock get a Neutral rating from Goldman on January 03, 2024.
