Magna International Inc (MGA) concluded trading on Wednesday at a closing price of $38.21, with 5.56 million shares of worth about $212.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.22% during that period and on Wednesday the price saw no change. Currently the company’s common shares owned by public are about 282.88M shares, out of which, 267.82M shares are available for trading.
Stock saw a price change of 0.13% in past 5 days and over the past one month there was a price change of -8.06%. Year-to-date (YTD), MGA shares are showing a performance of -8.57% which decreased to -29.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.05 but also hit the highest price of $56.12 during that period. The average intraday trading volume for Magna International Inc shares is 1.57 million. The stock is currently trading -1.46% below its 20-day simple moving average (SMA20), while that difference is down -5.59% for SMA50 and it goes to -9.53% lower than SMA200.
Magna International Inc (NYSE: MGA) currently have 282.88M outstanding shares and institutions hold larger chunk of about 69.98% of that.
The stock has a current market capitalization of $10.98B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 10.87, while it has posted earnings per share of $3.52 in the same period. Its PEG reads 1.22 and has Quick Ratio of 0.74 while making debt-to-equity ratio of 0.61. 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 2.78% while standing at 3.05% over the month.
Stock’s fiscal year EPS is expected to drop by -5.43% while it is estimated to increase by 22.44% in next year. EPS is likely to grow at an annualized rate of 8.94% for next 5-years, compared to annual growth of -8.91% 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 RBC Capital Mkts on January 24, 2025 offering an Outperform rating for the stock and assigned a target price range of between $41 and $52 to it. Coverage by Goldman stated Magna International Inc (MGA) stock as a Sell in their note to investors on December 11, 2024, suggesting a price target of $41 for the stock. On December 05, 2024, Wolfe Research Upgrade their recommendations, while on September 25, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $43. Stock get an Underperform rating from Wolfe Research on September 05, 2024.
