The stock of Magna International Inc. (MGA) has gone up by 2.12% for the week, with a -0.64% drop in the past month and a -1.87% drop in the past quarter. The volatility ratio for the week is 2.40%, and the volatility levels for the past 30 days are 2.31% for MGA. The simple moving average for the past 20 days is 1.08% for MGA’s stock, with a -11.05% simple moving average for the past 200 days.
Is It Worth Investing in Magna International Inc. (NYSE: MGA) Right Now?
Magna International Inc. (NYSE: MGA) has a higher price-to-earnings ratio of 12.18x 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.”
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The public float for MGA is 268.36M, and currently, short sellers hold a 2.88% ratio of that float. The average trading volume of MGA on October 23, 2024 was 1.60M shares.
MGA) stock’s latest price update
Magna International Inc. (NYSE: MGA)’s stock price has increased by 0.12 compared to its previous closing price of 41.85. However, the company has seen a 2.12% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-14 that Magna International, a multinational mobility solutions and technology company for automakers, is now a $12 billion (by market cap) leading manufacturer. Manga increased its dividend for 15 consecutive years, with a 10-year dividend growth rate of 11.1%. Magna moved its revenue from $34.4 billion in FY 2014 to $42.8 billion in FY 2023, a compound annual growth rate of 2.5%.
Analysts’ Opinion of MGA
Many brokerage firms have already submitted their reports for MGA stocks, with Morgan Stanley repeating the rating for MGA by listing it as a “Equal-Weight.” The predicted price for MGA in the upcoming period, according to Morgan Stanley is $43 based on the research report published on September 25, 2024 of the current year 2024.
MGA Trading at 1.73% 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 -30.54% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -2.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.18% upper at present.
During the last 5 trading sessions, MGA rose by +2.12%, which changed the moving average for the period of 200-days by -25.22% in comparison to the 20-day moving average, which settled at $41.45. In addition, Magna International Inc. saw -29.08% 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
- 0.1 for the gross margin
The net margin for Magna International Inc. stands at 0.02. The total capital return value is set at 0.1. Equity return is now at value 8.62, with 3.09 for asset returns.
Based on Magna International Inc. (MGA), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.56. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is 9.84.
Currently, EBITDA for the company is 4.0 billion with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 0.43. The receivables turnover for the company is 5.27for trailing twelve months and the total asset turnover is 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.12.
Conclusion
To put it simply, Magna International Inc. (MGA) has had a bad 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.
