Magna International Inc. (MGA) volume exceeds 2.11 million: A new investment opportunity for investors

A new trading day began on Tuesday, with Magna International Inc. (NYSE: MGA) stock price down -1.14% from the previous day of trading, before settling in for the closing price of $53.33. MGA’s price has ranged from $46.71 to $65.27 over the past 52 weeks.

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A company in the Consumer Cyclical sector has jumped its sales by 1.59% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 11.88%. With a float of $268.52 million, this company’s outstanding shares have now reached $286.55 million.

In an organization with 179000 employees, it is important to assess its efficiency.

Magna International Inc. (MGA) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Magna International Inc. is 6.53%, while institutional ownership is 69.90%.

Magna International Inc. (MGA) Performance Highlights and Predictions

In its latest quarterly report, released on 12/30/2023, the company reported earnings of $1.33 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.58 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 11.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.00% during the next five years compared to -8.63% drop over the previous five years of trading.

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

Here are Magna International Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.71. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.35. Likewise, its price to free cash flow for the trailing twelve months is 25.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.23, a number that is poised to hit 1.28 in the next quarter and is forecasted to reach 7.43 in one year’s time.

Technical Analysis of Magna International Inc. (MGA)

Let’s dig in a bit further. During the last 5-days, its volume was 1.59 million. That was better than the volume of 1.31 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 32.52%. Additionally, its Average True Range was 1.18.

During the past 100 days, Magna International Inc.’s (MGA) raw stochastic average was set at 13.83%, which indicates a significant decrease from 19.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.81% in the past 14 days, which was higher than the 30.41% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $54.89, while its 200-day Moving Average is $55.73. However, in the short run, Magna International Inc.’s stock first resistance to watch stands at $53.16. Second resistance stands at $53.59. The third major resistance level sits at $54.12. If the price goes on to break the first support level at $52.20, it is likely to go to the next support level at $51.67. Assuming the price breaks the second support level, the third support level stands at $51.24.

Magna International Inc. (NYSE: MGA) Key Stats

With a market capitalization of 15.15 billion, the company has a total of 286,885K Shares Outstanding. Currently, annual sales are 42,797 M while annual income is 1,213 M. The company’s previous quarter sales were 10,454 M while its latest quarter income was 271,000 K.