On Friday, Magna International Inc. (NYSE: MGA) opened higher 2.86% from the last session, before settling in for the closing price of $42.28. Price fluctuations for MGA have ranged from $38.01 to $60.32 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 1.59% over the past five years. Company’s average yearly earnings per share was noted -2.40% at the time writing. With a float of $268.36 million, this company’s outstanding shares have now reached $286.55 million.
Let’s look at the performance matrix of the company that is accounted for 179000 employees. In terms of profitability, gross margin is 10.45%, operating margin of 4.73%, and the pretax margin is 3.04%.
Magna International Inc. (MGA) Insider and Institutional Ownership
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 6.60%, while institutional ownership is 72.44%.
Magna International Inc. (MGA) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.46 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.33) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.52 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.40% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.24% 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
Check out the current performance indicators for Magna International Inc. (MGA). In the past quarter, the stock posted a quick ratio of 0.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29. Likewise, its price to free cash flow for the trailing twelve months is 15.63.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.44, a number that is poised to hit 1.42 in the next quarter and is forecasted to reach 6.07 in one year’s time.
Technical Analysis of Magna International Inc. (MGA)
Magna International Inc. (NYSE: MGA) saw its 5-day average volume 1.4 million, a negative change from its year-to-date volume of 1.59 million. As of the previous 9 days, the stock’s Stochastic %D was 86.15%. Additionally, its Average True Range was 1.11.
During the past 100 days, Magna International Inc.’s (MGA) raw stochastic average was set at 65.01%, which indicates a significant decrease from 81.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.05% in the past 14 days, which was lower than the 30.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.05, while its 200-day Moving Average is $47.24. Nevertheless, the first resistance level for the watch stands at $44.14 in the near term. At $44.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.28. If the price goes on to break the first support level at $43.00, it is likely to go to the next support level at $42.51. The third support level lies at $41.86 if the price breaches the second support level.
Magna International Inc. (NYSE: MGA) Key Stats
There are currently 287,328K shares outstanding in the company with a market cap of 12.50 billion. Presently, the company’s annual sales total 42,797 M according to its annual income of 1,213 M. Last quarter, the company’s sales amounted to 10,958 M and its income totaled 313,000 K.
