The price-to-earnings ratio for Magna International Inc (NYSE: MGA) is above average at 11.74x, Company’s 36-month beta value is 1.61.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 4 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for MGA is 268.38M, and currently, short sellers hold a 2.88% ratio of that floaft. The average trading volume of MGA on November 27, 2024 was 1.52M shares.
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MGA) stock’s latest price update
Magna International Inc (NYSE: MGA)’s stock price has gone decline by -5.21 in comparison to its previous close of 46.46, however, the company has experienced a 2.95% increase in its stock price over the last five trading days. 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.
MGA’s Market Performance
Magna International Inc (MGA) has seen a 2.95% rise in stock performance for the week, with a 2.51% gain in the past month and a 5.31% surge in the past quarter. The volatility ratio for the week is 3.16%, and the volatility levels for the past 30 days are at 2.68% for MGA. The simple moving average for the past 20 days is 1.74% for MGA’s stock, with a -3.12% simple moving average for the past 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 4.05% 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 -26.99% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +5.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.89% upper at present.
During the last 5 trading sessions, MGA rose by +2.95%, which changed the moving average for the period of 200-days by -20.83% in comparison to the 20-day moving average, which settled at $43.29. In addition, Magna International Inc saw -25.46% 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 0.32 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 0.45. 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 a nutshell, Magna International Inc (MGA) has experienced a mixed 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.
