The price-to-earnings ratio for MGP Ingredients, Inc (NASDAQ: MGPI) is above average at 10.39x, Company’s 36-month beta value is 0.65.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MGPI is 14.00M, and currently, short sellers hold a 31.18% ratio of that floaft. The average trading volume of MGPI on November 08, 2024 was 338.86K shares.
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MGPI) stock’s latest price update
MGP Ingredients, Inc (NASDAQ: MGPI)’s stock price has increased by 2.10 compared to its previous closing price of 49.07. However, the company has seen a 10.06% increase in its stock price over the last five trading sessions. accesswire.com reported 2024-11-08 that NEW YORK, NY / ACCESSWIRE / November 8, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of MGP Ingredients, Inc. (“MGP Ingredients” or “the Company”) (NASDAQ:MGPI). Investors who purchased MGP Ingredients securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/MGPI.
MGPI’s Market Performance
MGP Ingredients, Inc (MGPI) has seen a 10.06% rise in stock performance for the week, with a -37.19% decline in the past month and a -39.20% plunge in the past quarter. The volatility ratio for the week is 5.69%, and the volatility levels for the past 30 days are at 5.15% for MGPI. The simple moving average for the last 20 days is -14.98% for MGPI stock, with a simple moving average of -36.72% for the last 200 days.
Analysts’ Opinion of MGPI
Many brokerage firms have already submitted their reports for MGPI stocks, with TD Cowen repeating the rating for MGPI by listing it as a “Hold.” The predicted price for MGPI in the upcoming period, according to TD Cowen is $50 based on the research report published on November 06, 2024 of the current year 2024.
Lake Street, on the other hand, stated in their research note that they expect to see MGPI reach a price target of $75, previously predicting the price at $135. The rating they have provided for MGPI stocks is “Hold” according to the report published on October 18th, 2024.
Wedbush gave a rating of “Outperform” to MGPI, setting the target price at $125 in the report published on October 11th of the previous year.
MGPI Trading at -31.86% from the 50-Day Moving Average
After a stumble in the market that brought MGPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.08% of loss for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 5.69%, as shares sank -36.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.55% lower at present.
During the last 5 trading sessions, MGPI rose by +10.11%, which changed the moving average for the period of 200-days by -43.05% in comparison to the 20-day moving average, which settled at $58.93. In addition, MGP Ingredients, Inc saw -49.15% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MGPI starting from Seaberg Karen, who proposed sale 1,326 shares at the price of $90.50 back on Nov 01 ’24. After this action, Seaberg Karen now owns shares of MGP Ingredients, Inc, valued at $120,003 using the latest closing price.
Mingus Lori L.S., the Director of MGP Ingredients, Inc, proposed sale 142 shares at $90.50 during a trade that took place back on Nov 01 ’24, which means that Mingus Lori L.S. is holding shares at $12,851 based on the most recent closing price.
Stock Fundamentals for MGPI
Current profitability levels for the company are sitting at:
- 0.39 for the present operating margin
- 0.27 for the gross margin
The net margin for MGP Ingredients, Inc stands at 0.15. The total capital return value is set at 0.21. Equity return is now at value 12.29, with 7.59 for asset returns.
Based on MGP Ingredients, Inc (MGPI), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is 34.05.
Currently, EBITDA for the company is 197.0 million with net debt to EBITDA at 1.58. When we switch over and look at the enterprise to sales, we see a ratio of 1.88. The receivables turnover for the company is 5.49for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.46.
Conclusion
In a nutshell, MGP Ingredients, Inc (MGPI) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
