Magna International Inc (NYSE: MGA) on Tuesday, plunged -0.48% from the previous trading day, before settling in for the closing price of $43.75. Within the past 52 weeks, MGA’s price has moved between $38.01 and $60.32.
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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%. The company achieved an average annual earnings per share of -4.44%. With a float of $268.38 million, this company’s outstanding shares have now reached $287.34 million.
Considering the fact that the conglomerate employs 179000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 9.66%, operating margin of 4.75%, and the pretax margin is 3.45%.
Magna International Inc (MGA) Breakdown of a Key Holders of the stock
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 71.16%.
Magna International Inc (MGA) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.44% 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 0.29. Likewise, its price to free cash flow for the trailing twelve months is 14.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.75, a number that is poised to hit 1.51 in the next quarter and is forecasted to reach 5.93 in one year’s time.
Technical Analysis of Magna International Inc (MGA)
Compared to the last year’s volume of 1.61 million, its volume of 1.34 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.34%. Additionally, its Average True Range was 1.16.
During the past 100 days, Magna International Inc’s (MGA) raw stochastic average was set at 60.04%, which indicates a significant increase from 4.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.55% in the past 14 days, which was lower than the 33.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.31, while its 200-day Moving Average is $44.80. Nevertheless, the first resistance level for the watch stands at $44.06 in the near term. At $44.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $44.92. If the price goes on to break the first support level at $43.20, it is likely to go to the next support level at $42.85. Now, if the price goes above the second support level, the third support stands at $42.34.
Magna International Inc (NYSE: MGA) Key Stats
Market capitalization of the company is 12.51 billion based on 287,342K 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.
