A new trading day began on Friday, with Magna International Inc (NYSE: MGA) stock price up 6.33% from the previous day of trading, before settling in for the closing price of $39.47. MGA’s price has ranged from $38.01 to $60.32 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales surged by 1.59% over the last five years. Meanwhile, its annual earnings per share averaged -3.11%. With a float of $268.36 million, this company’s outstanding shares have now reached $286.55 million.
The firm has a total of 179000 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock
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 6.60%, while institutional ownership is 71.65%.
Magna International Inc (MGA) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, 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 1.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -3.11% 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
Here are Magna International Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42. Likewise, its price to free cash flow for the trailing twelve months is 20.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.75, a number that is poised to hit 1.52 in the next quarter and is forecasted to reach 6.00 in one year’s time.
Technical Analysis of Magna International Inc (MGA)
Analysing the last 5-days average volume posted by the [Magna International Inc, MGA], we can find that recorded value of 1.76 million was better than the volume posted last year of 1.59 million. As of the previous 9 days, the stock’s Stochastic %D was 26.86%. Additionally, its Average True Range was 1.35.
During the past 100 days, Magna International Inc’s (MGA) raw stochastic average was set at 46.98%, which indicates a significant decrease from 52.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.04% in the past 14 days, which was higher than the 33.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.35, while its 200-day Moving Average is $46.54. Now, the first resistance to watch is $42.94. This is followed by the second major resistance level at $43.92. The third major resistance level sits at $44.73. If the price goes on to break the first support level at $41.15, it is likely to go to the next support level at $40.34. Now, if the price goes above the second support level, the third support stands at $39.36.
Magna International Inc (NYSE: MGA) Key Stats
With a market capitalization of 17.89 billion, the company has a total of 287,328K Shares Outstanding. Currently, annual sales are 42,797 M while annual income is 1,213 M. The company’s previous quarter sales were 10,958 M while its latest quarter income was 313,000 K.
