The stock of Magna International Inc (MGA) has seen a 4.91% increase in the past week, with a 7.70% gain in the past month, and a 8.34% flourish in the past quarter. The volatility ratio for the week is 2.28%, and the volatility levels for the past 30 days are at 2.62% for MGA. The simple moving average for the last 20 days is 4.09% for MGA stock, with a simple moving average of -4.03% for the last 200 days.
Is It Worth Investing in Magna International Inc (NYSE: MGA) Right Now?
The price-to-earnings ratio for Magna International Inc (NYSE: MGA) is above average at 11.78x. The 36-month beta value for MGA is also noteworthy at 1.59. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 6 rating it as “hold,” and 2 rating it as “sell.”
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The public float for MGA is 268.38M, and at present, short sellers hold a 2.88% of that float. The average trading volume of MGA on November 14, 2024 was 1.46M shares.
MGA) stock’s latest price update
The stock price of Magna International Inc (NYSE: MGA) has surged by 0.05 when compared to previous closing price of 44.17, but the company has seen a 4.91% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-05 that AURORA, Ontario, Nov. 05, 2024 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG, NYSE: MGA) today announced the termination of its existing Normal Course Issuer Bid effective since February 15, 2024 (the “Prior NCIB”) and the Toronto Stock Exchange (“TSX”) has accepted its Notice of Intention to establish a new Normal Course Issuer Bid (the “Notice”). Pursuant to the Notice, Magna may purchase up to 28,500,000 Magna Common Shares (the “New NCIB”), representing approximately 10% of its public float. As at October 31, 2024, Magna had 287,342,204 issued and outstanding Common Shares, including a public float of 286,960,792 Common Shares.
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 6.33% 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 -26.74% of loss for the given period.
Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.28%, as shares surge +6.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.28% upper at present.
During the last 5 trading sessions, MGA rose by +4.91%, which changed the moving average for the period of 200-days by -22.47% in comparison to the 20-day moving average, which settled at $42.46. In addition, Magna International Inc saw -25.20% 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 0.03. The total capital return value is set at 0.1. Equity return is now at value 9.11, with 3.34 for asset returns.
Based on Magna International Inc (MGA), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 0.54. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 9.54.
Currently, EBITDA for the company is 3.66 billion with net debt to EBITDA at 1.38. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 5.14for trailing twelve months and the total asset turnover is 1.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In summary, Magna International Inc (MGA) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
