Magna International Inc (NYSE: MGA) on Tuesday, plunged -2.15% from the previous trading day, before settling in for the closing price of $43.72. Within the past 52 weeks, MGA’s price has moved between $38.01 and $60.32.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 1.59%. The company achieved an average annual earnings per share of -4.17%. With a float of $268.38 million, this company’s outstanding shares have now reached $286.55 million.
The extent of productivity of a business whose workforce counts for 179000 workers is very important to gauge. In terms of profitability, gross margin is 10.79%, operating margin of 4.75%, and the pretax margin is 3.45%.
Magna International Inc (MGA) Insider Updates
Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of Magna International Inc is 6.60%, while institutional ownership is 71.37%.
Magna International Inc (MGA) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -4.17% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.62% 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
Magna International Inc (MGA) is currently performing well based on its current performance indicators. A quick ratio of 0.77 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.40. Likewise, its price to free cash flow for the trailing twelve months is 19.54.
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 5.98 in one year’s time.
Technical Analysis of Magna International Inc (MGA)
The latest stats from [Magna International Inc, MGA] show that its last 5-days average volume of 2.17 million was superior to 1.6 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.69%. Additionally, its Average True Range was 1.14.
During the past 100 days, Magna International Inc’s (MGA) raw stochastic average was set at 56.58%, which indicates a significant decrease from 61.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.99% in the past 14 days, which was higher than the 33.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $41.88, while its 200-day Moving Average is $45.78. Now, the first resistance to watch is $43.19. This is followed by the second major resistance level at $43.60. The third major resistance level sits at $43.86. If the price goes on to break the first support level at $42.52, it is likely to go to the next support level at $42.26. Assuming the price breaks the second support level, the third support level stands at $41.85.
Magna International Inc (NYSE: MGA) Key Stats
Market capitalization of the company is 17.24 billion based on 287,328K outstanding shares. Right now, sales total 42,797 M and income totals 1,213 M. The company made 10,280 M in profit during its latest quarter, and 484,000 K in sales during its previous quarter.
