On August 04, 2022, Magna International Inc. (NYSE: MGA) opened at $64.36, lower -4.29% from the last session. During the day, the shares moved up to $64.67 and dropped to $61.85 before settling in for the closing price of $64.79. Price fluctuations for MGA have ranged from $52.47 to $90.15 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Cyclical sector was -0.10%. Company’s average yearly earnings per share was noted 98.40% at the time writing. With a float of $287.77 million, this company’s outstanding shares have now reached $291.10 million.
Considering the fact that the conglomerate employs 152000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +9.84, operating margin of +5.10, and the pretax margin is +4.97.
Magna International Inc. (MGA) Insider Activity
A key investor’s attitude towards the stock of the Auto Parts industry is another important factor to consider. The insider ownership of Magna International Inc. is 1.60%, while institutional ownership is 72.20%.
Magna International Inc. (MGA) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/29/2021, the company posted $1.4 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.39) by $0.01. This company achieved a net margin of +4.18 while generating a return on equity of 12.90. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 98.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 39.80% during the next five years compared to -0.60% drop over the previous five years of trading.
Magna International Inc. (NYSE: MGA) Trading Performance Indicators
Check out the current performance indicators for Magna International Inc. (MGA). In the past quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.49. Likewise, its price to free cash flow for the trailing twelve months is 45.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.19, a number that is poised to hit 1.17 in the next quarter and is forecasted to reach 7.19 in one year’s time.
Technical Analysis of Magna International Inc. (MGA)
Compared to the last year’s volume of 1.39 million, its volume of 1.04 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 66.12%. Additionally, its Average True Range was 2.13.
During the past 100 days, Magna International Inc.’s (MGA) raw stochastic average was set at 63.26%, which indicates a significant decrease from 65.16% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.05% in the past 14 days, which was lower than the 45.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $59.87, while its 200-day Moving Average is $70.07. Nevertheless, the first resistance level for the watch stands at $63.84 in the near term. At $65.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $66.66. If the price goes on to break the first support level at $61.02, it is likely to go to the next support level at $60.02. Should the price break the second support level, the third support level stands at $58.20.
Magna International Inc. (NYSE: MGA) Key Stats
There are currently 289,142K shares outstanding in the company with a market cap of 17.55 billion. Presently, the company’s annual sales total 36,242 M according to its annual income of 1,514 M. Last quarter, the company’s sales amounted to 9,362 M and its income totaled -156,000 K.