Magna International Inc. (NYSE: MGA) kicked off on Monday, up 2.01% from the previous trading day, before settling in for the closing price of $48.34. Over the past 52 weeks, MGA has traded in a range of $46.71-$65.27.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 1.59%. While this was happening, its average annual earnings per share was recorded 9.25%. With a float of $268.53 million, this company’s outstanding shares have now reached $286.55 million.
Considering the fact that the conglomerate employs 179000 people, you should pay attention to its efficiency factor.
Magna International Inc. (MGA) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Auto Parts Industry. The insider ownership of Magna International Inc. is 6.53%, while institutional ownership is 69.82%.
Magna International Inc. (MGA) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 12/31/2023, the organization reported $1.33 earnings per share (EPS), lower than consensus estimate (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.
According to the Wall Street analysts, stocks earnings will be around 9.25% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.20% 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
Take a look at Magna International Inc.’s (MGA) current performance indicators. Last quarter, 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 0.33. Likewise, its price to free cash flow for the trailing twelve months is 23.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.23, a number that is poised to hit 1.25 in the next quarter and is forecasted to reach 7.25 in one year’s time.
Technical Analysis of Magna International Inc. (MGA)
Compared to the last year’s volume of 1.37 million, its volume of 2.6 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 21.05%. Additionally, its Average True Range was 1.16.
During the past 100 days, Magna International Inc.’s (MGA) raw stochastic average was set at 14.65%, which indicates a significant decrease from 30.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.32% in the past 14 days, which was lower than the 29.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $53.11, while its 200-day Moving Average is $55.37. Nevertheless, the first resistance level for the watch stands at $49.70 in the near term. At $50.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $50.74. If the price goes on to break the first support level at $48.66, it is likely to go to the next support level at $48.01. Should the price break the second support level, the third support level stands at $47.62.
Magna International Inc. (NYSE: MGA) Key Stats
The company with the Market Capitalisation of 14.17 billion has total of 287,280K Shares Outstanding. Its annual sales at the moment are 42,797 M in contrast with the sum of 1,213 M annual income. Company’s last quarter sales were recorded 10,454 M and last quarter income was 271,000 K.
