Magna International Inc. (NYSE: MGA) has a higher price-to-earnings ratio of 13.00x compared to its average ratio. MGA has 36-month beta value of 1.58. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 2 as “sell.”
The public float for MGA is 268.31M, and currently, short sellers hold a 2.76% ratio of that float. The average trading volume of MGA on July 18, 2024 was 1.89M shares.
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MGA) stock’s latest price update
Magna International Inc. (NYSE: MGA) has experienced a rise in its stock price by 0.26 compared to its previous closing price of 45.82. However, the company has seen a gain of 3.12% in its stock price over the last five trading days. investorplace.com reported 2024-07-10 that As the second half of 2024 unfolds, main Wall Street indices are reaching new highs. The Nasdaq 100 index soared more than 20% year-to-date, and the S&P 500 saw an all-time high with a 16% surge.
MGA’s Market Performance
MGA’s stock has risen by 3.12% in the past week, with a monthly rise of 7.16% and a quarterly drop of -3.97%. The volatility ratio for the week is 2.35% while the volatility levels for the last 30 days are 2.06% for Magna International Inc. The simple moving average for the past 20 days is 7.01% for MGA’s stock, with a -10.67% simple moving average for the past 200 days.
Analysts’ Opinion of MGA
Goldman, on the other hand, stated in their research note that they expect to see MGA reach a price target of $58, previously predicting the price at $73. The rating they have provided for MGA stocks is “Neutral” according to the report published on January 03rd, 2024.
UBS gave a rating of “Neutral” to MGA, setting the target price at $63 in the report published on September 13th of the previous year.
MGA Trading at 3.50% from the 50-Day Moving Average
After a stumble in the market that brought MGA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.62% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +8.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.22% lower at present.
During the last 5 trading sessions, MGA rose by +3.28%, which changed the moving average for the period of 200-days by -14.18% in comparison to the 20-day moving average, which settled at $43.12. In addition, Magna International Inc. saw -22.24% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MGA
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.11 for the gross margin
The net margin for Magna International Inc. stands at 0.02. The total capital return value is set at 0.11. Equity return is now at value 8.96, with 3.20 for asset returns.
Based on Magna International Inc. (MGA), the company’s capital structure generated 0.36 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.57. The interest coverage ratio of the stock is 11.09.
Currently, EBITDA for the company is 4.0 billion with net debt to EBITDA at 1.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.45. The receivables turnover for the company is 5.18for trailing twelve months and the total asset turnover is 1.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
To put it simply, Magna International Inc. (MGA) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
