Magna International Inc. (MGA) is destined for greater heights as its last quarter sales were 10,688 M

On Friday, Magna International Inc. (NYSE: MGA) trading session started at the price of On Friday, that was 54.69% up from the session before settling in for the closing price of $64.66. A 52-week range for MGA has been $46.71 – $66.60.

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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales slided by -1.30%. When this article was written, the company’s average yearly earnings per share was at 16.70%. With a float of $267.65 million, this company’s outstanding shares have now reached $286.55 million.

The extent of productivity of a business whose workforce counts for Nov 16 2023 workers is very important to gauge.

Magna International Inc. (MGA) Insider Updates

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Magna International Inc. stocks. The insider ownership of Magna International Inc. is 6.52%, while institutional ownership is 70.01%.

Magna International Inc. (MGA) Performance Highlights and Predictions

Going through the last 3-months fiscal report unveiled on the 9/30/2023, it has been observed that the corporation posted $1.46 earnings per share (EPS) during the time that was better than consensus figure (set at $1.33) by $0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.48 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 16.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 24.20% during the next five years compared to -8.64% drop over the previous five years of trading.

Magna International Inc. (NYSE: MGA) Trading Performance Indicators

You can see what Magna International Inc. (MGA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.37.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.23, a number that is poised to hit 1.36 in the next quarter and is forecasted to reach 7.72 in one year’s time.

Technical Analysis of Magna International Inc. (MGA)

The latest stats from [Magna International Inc., MGA] show that its last 5-days average volume of 1.79 million was superior to 1.16 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 59.21%. Additionally, its Average True Range was 1.63.

During the past 100 days, Magna International Inc.’s (MGA) raw stochastic average was set at 58.63%, which indicates a significant increase from 17.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.00% in the past 14 days, which was higher than the 33.86% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $56.49, while its 200-day Moving Average is $55.41. Now, the first resistance to watch is $56.34. This is followed by the second major resistance level at $57.99. The third major resistance level sits at $59.31. If the price goes on to break the first support level at $53.37, it is likely to go to the next support level at $52.05. Assuming the price breaks the second support level, the third support level stands at $50.40.

Magna International Inc. (NYSE: MGA) Key Stats

There are 286,780K outstanding shares of the company, which has a market capitalization of 15.66 billion. As of now, sales total 37,840 M while income totals 592,000 K. Its latest quarter income was 10,688 M while its last quarter net income were 394,000 K.