Magna International Inc (NYSE: MGA)’s stock price has decreased by -0.30 compared to its previous closing price of 42.78. However, the company has seen a -3.48% decrease in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-19 that AURORA, Ontario, Nov. 19, 2024 (GLOBE NEWSWIRE) — As OEMs increasingly prioritize hybrid solutions globally within their broader electrification strategies, Magna has secured its first award for a Dedicated Hybrid Drive (DHD) Duo system with a leading Chinese OEM. This recognition underscores Magna’s commitment to innovation and sustainability, as well as the company’s flexible approach to supplying power to wheels.
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 11.37x compared to its average ratio, The 36-month beta value for MGA is at 1.58. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 12 as “hold,” and 2 as “sell.”
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The public float for MGA is 268.38M, and currently, shorts hold a 2.88% of that float. The average trading volume for MGA on November 21, 2024 was 1.45M shares.
MGA’s Market Performance
MGA stock saw an increase of -3.48% in the past week, with a monthly gain of 1.79% and a quarterly increase of 3.90%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 2.50% for Magna International Inc (MGA). The simple moving average for the last 20 days is -0.19% for MGA stock, with a simple moving average of -6.67% for the last 200 days.
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 1.67% 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 -29.29% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +1.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.58% upper at present.
During the last 5 trading sessions, MGA fell by -3.48%, which changed the moving average for the period of 200-days by -27.01% in comparison to the 20-day moving average, which settled at $42.73. In addition, Magna International Inc saw -27.81% 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 0.03. 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 0.32 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 0.47. The interest coverage ratio of the stock is 9.56.
Currently, EBITDA for the company is 3.66 billion with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.44. 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 conclusion, Magna International Inc (MGA) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
