In the past week, MTG stock has gone down by -5.68%, with a monthly gain of 4.35% and a quarterly surge of 5.69%. The volatility ratio for the week is 2.26%, and the volatility levels for the last 30 days are 2.14% for MGIC Investment Corp The simple moving average for the past 20 days is -3.58% for MTG’s stock, with a 13.30% simple moving average for the past 200 days.
Is It Worth Investing in MGIC Investment Corp (NYSE: MTG) Right Now?
The price-to-earnings ratio for MGIC Investment Corp (NYSE: MTG) is above average at 8.29x, Company’s 36-month beta value is 1.23.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for MTG is 265.89M, and currently, short sellers hold a 3.70% ratio of that floaft. The average trading volume of MTG on April 10, 2024 was 2.12M shares.
MTG) stock’s latest price update
MGIC Investment Corp (NYSE: MTG)’s stock price has decreased by -0.91 compared to its previous closing price of 20.80. However, the company has seen a -5.68% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that MGIC Investment (MTG) gains on the back of solid insurance in force, a decline in loss and claims payments, lower delinquency, better housing market fundamentals and prudent capital deployment.
Analysts’ Opinion of MTG
Many brokerage firms have already submitted their reports for MTG stocks, with Keefe Bruyette repeating the rating for MTG by listing it as a “Mkt Perform.” The predicted price for MTG in the upcoming period, according to Keefe Bruyette is $24 based on the research report published on April 04, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see MTG reach a price target of $18.50. The rating they have provided for MTG stocks is “Neutral” according to the report published on December 06th, 2023.
Barclays gave a rating of “Equal Weight” to MTG, setting the target price at $19 in the report published on November 15th of the previous year.
MTG Trading at 1.62% from the 50-Day Moving Average
After a stumble in the market that brought MTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.11% of loss for the given period.
Volatility was left at 2.14%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares sank -1.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.74% upper at present.
During the last 5 trading sessions, MTG fell by -5.68%, which changed the moving average for the period of 200-days by +35.95% in comparison to the 20-day moving average, which settled at $21.36. In addition, MGIC Investment Corp saw 6.84% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MTG
Current profitability levels for the company are sitting at:
- 0.78 for the present operating margin
- 0.85 for the gross margin
The net margin for MGIC Investment Corp stands at 0.62. The total capital return value is set at 0.15. Equity return is now at value 14.68, with 11.30 for asset returns.
Based on MGIC Investment Corp (MTG), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 1.11. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 24.43.
Currently, EBITDA for the company is 902.23 million with net debt to EBITDA at 0.3. When we switch over and look at the enterprise to sales, we see a ratio of 5.05. The receivables turnover for the company is 11.36for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
In a nutshell, MGIC Investment Corp (MTG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
