On Monday, MGIC Investment Corp (NYSE: MTG) was -0.17% drop from the session before settling in for the closing price of $23.56. A 52-week range for MTG has been $16.95 – $26.52.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 0.62%. When this article was written, the company’s average yearly earnings per share was at 7.89%. With a float of $255.33 million, this company’s outstanding shares have now reached $272.49 million.
Considering the fact that the conglomerate employs 627 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 81.9%, operating margin of 81.5%, and the pretax margin is 79.99%.
MGIC Investment Corp (MTG) Breakdown of a Key Holders of the stock
Also, it is sometimes useful to examine the sentiment of large-scale investors toward MGIC Investment Corp stocks. The insider ownership of MGIC Investment Corp is 1.51%, while institutional ownership is 95.86%. The most recent insider transaction that took place on Aug 02 ’24, was worth 3,676,500.
MGIC Investment Corp (MTG) Recent Fiscal highlights
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.64 earnings per share (EPS) during the time that was better than consensus figure (set at 0.56) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.89% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.80% during the next five years compared to 6.88% growth over the previous five years of trading.
MGIC Investment Corp (NYSE: MTG) Trading Performance Indicators
You can see what MGIC Investment Corp (MTG) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.86. Likewise, its price to free cash flow for the trailing twelve months is 8.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.71, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 2.75 in one year’s time.
Technical Analysis of MGIC Investment Corp (MTG)
Compared to the last year’s volume of 1.76 million, its volume of 2.26 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 10.49%. Additionally, its Average True Range was 0.55.
During the past 100 days, MGIC Investment Corp’s (MTG) raw stochastic average was set at 51.34%, which indicates a significant increase from 3.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.88% in the past 14 days, which was higher than the 23.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.27, while its 200-day Moving Average is $22.24. Nevertheless, the first resistance level for the watch stands at $23.81 in the near term. At $24.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $24.26. If the price goes on to break the first support level at $23.35, it is likely to go to the next support level at $23.19. Now, if the price goes above the second support level, the third support stands at $22.90.
MGIC Investment Corp (NYSE: MTG) Key Stats
There are 259,234K outstanding shares of the company, which has a market capitalization of 5.74 billion. As of now, sales total 1,155 M while income totals 712,950 K. Its latest quarter income was 305,280 K while its last quarter net income were 204,230 K.
