On Tuesday, Magna International Inc (NYSE: MGA) opened lower -5.39% from the last session, before settling in for the closing price of $49.2. Price fluctuations for MGA have ranged from $30.39 to $49.79 over the past 52 weeks.
Over the past five-year period, the drop rate of yearbook sales for the company of the Consumer Cyclical sector was -8.91%. Company’s average yearly earnings per share was noted -5.37% at the time writing. With a float of $265.52 million, this company’s outstanding shares have now reached $281.78 million.
Magna International Inc (MGA) Insider Activity
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 5.77%, while institutional ownership is 69.17%.
Magna International Inc (MGA) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 1.28 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 1.4) by -0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -5.37% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.48% during the next five years compared to -8.91% 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 0.82. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32. Likewise, its price to free cash flow for the trailing twelve months is 9.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.26, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 5.80 in one year’s time.
Technical Analysis of Magna International Inc (MGA)
Compared to the last year’s volume of 1.74 million, its volume of 1.75 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 69.66%.
During the past 100 days, Magna International Inc’s (MGA) raw stochastic average was set at 78.16%, which indicates a significant increase from 23.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.90 in the past 14 days, which was higher than the 0.85 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $45.25, while its 200-day Moving Average is $39.67. Nevertheless, the first resistance level for the watch stands at $48.34 in the near term. At $50.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $51.08. If the price goes on to break the first support level at $45.60, it is likely to go to the next support level at $44.65. Should the price break the second support level, the third support level stands at $42.86.
Magna International Inc (NYSE: MGA) Key Stats
There are currently 281,814K shares outstanding in the company with a market cap of 13.12 billion. Presently, the company’s annual sales total 42,836 M according to its annual income of 1,009 M. Last quarter, the company’s sales amounted to 10,631 M and its income totaled 379,000 K.
