Witnessing the stock’s movement on the chart, on Wednesday, Magna International Inc. (NYSE: MGA) had a quiet start as it plunged -4.29% to $50.65, before settling in for the price of $52.92 at the close. Taking a more long-term approach, MGA posted a 52-week range of $46.71-$65.27.
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The Consumer Cyclical Sector giants’ yearly sales growth during the last 5-year period was 1.59%. Meanwhile, its Annual Earning per share during the time was -8.63%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 9.86%. This publicly-traded company’s shares outstanding now amounts to $286.55 million, simultaneously with a float of $268.53 million. The organization now has a market capitalization sitting at $14.55 billion. At the time of writing, stock’s 50-day Moving Average stood at $54.47, while the 200-day Moving Average is $55.64.
Magna International Inc. (MGA) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Auto Parts industry. Magna International Inc.’s current insider ownership accounts for 6.53%, in contrast to 69.88% institutional ownership.
Magna International Inc. (MGA) Earnings and Revenue Records
As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $1.33 earnings per share (EPS) for the period falling under the consensus outlook (set at $1.48) by -$0.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.57 per share during the current fiscal year.
Magna International Inc.’s EPS increase for this current 12-month fiscal period is 9.86% and is forecasted to reach 7.30 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 16.00% through the next 5 years, which can be compared against the -8.63% growth it accomplished over the previous five years trading on the market.
Magna International Inc. (NYSE: MGA) Trading Performance Indicators
Let’s observe the current performance indicators for Magna International Inc. (MGA). It’s Quick Ratio in the last reported quarter now stands at 0.71. The Stock has managed to achieve an average true range (ATR) of 1.19. Alongside those numbers, its PE Ratio stands at $11.97, and its Beta score is 1.68. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.34. Similarly, its price to free cash flow for trailing twelve months is now 24.43.
In the same vein, MGA’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.23, a figure that is expected to reach 1.27 in the next quarter, and analysts are predicting that it will be 7.30 at the market close of one year from today.
Technical Analysis of Magna International Inc. (MGA)
Going through the that latest performance of [Magna International Inc., MGA]. Its last 5-days volume of 1.29 million was inferior to the volume of 1.3 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 23.10% While, its Average True Range was 1.20.
Raw Stochastic average of Magna International Inc. (MGA) in the period of the previous 100 days is set at 1.53%, which indicates a major fall in contrast to 2.67% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 25.50% that was lower than 30.02% volatility it exhibited in the past 100-days period.
