In the past week, MTG stock has gone down by -0.34%, with a monthly decline of -7.41% and a quarterly plunge of -6.49%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 2.07% for MGIC Investment Corp The simple moving average for the last 20 days is -1.28% for MTG stock, with a simple moving average of 1.56% for the last 200 days.
Is It Worth Investing in MGIC Investment Corp (NYSE: MTG) Right Now?
MGIC Investment Corp (NYSE: MTG) has a higher price-to-earnings ratio of 8.35x compared to its average ratio. MTG has 36-month beta value of 1.28. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for MTG is 249.46M, and currently, short sellers hold a 3.68% ratio of that float. The average trading volume of MTG on January 10, 2025 was 1.54M shares.
MTG) stock’s latest price update
MGIC Investment Corp (NYSE: MTG) has seen a rise in its stock price by 0.81 in relation to its previous close of 23.44. However, the company has experienced a -0.34% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-06 that MILWAUKEE, Jan. 6, 2025 /PRNewswire/ — MGIC Investment Corporation (NYSE: MTG) has announced plans to release its fourth quarter 2024 financial results after the market closes on Monday, February 3, 2025. A conference call/webcast has been scheduled for 10:00 a.m.
Analysts’ Opinion of MTG
Many brokerage firms have already submitted their reports for MTG stocks, with Keefe Bruyette repeating the rating for MTG by listing it as a “Mkt Perform.” The predicted price for MTG in the upcoming period, according to Keefe Bruyette is $29 based on the research report published on December 10, 2024 of the previous year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see MTG reach a price target of $25. The rating they have provided for MTG stocks is “Underperform” according to the report published on December 09th, 2024.
Keefe Bruyette gave a rating of “Outperform” to MTG, setting the target price at $25 in the report published on June 03rd of the previous year.
MTG Trading at -4.03% from the 50-Day Moving Average
After a stumble in the market that brought MTG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.03% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -4.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.06% lower at present.
During the last 5 trading sessions, MTG fell by -0.34%, which changed the moving average for the period of 200-days by +8.44% in comparison to the 20-day moving average, which settled at $23.94. In addition, MGIC Investment Corp saw -0.34% 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 MTG starting from CULVER CURT S, who proposed sale 150,000 shares at the price of $24.51 back on Aug 02 ’24. After this action, CULVER CURT S now owns shares of MGIC Investment Corp, valued at $3,676,500 using the latest closing price.
Stock Fundamentals for MTG
Current profitability levels for the company are sitting at:
- 0.61 for the present operating margin
- 0.82 for the gross margin
The net margin for MGIC Investment Corp stands at 0.64. The total capital return value is set at 0.12. Equity return is now at value 15.03, with 11.81 for asset returns.
Based on MGIC Investment Corp (MTG), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at 1.13. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is 20.43.
Currently, EBITDA for the company is 974.36 million with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 5.32. The receivables turnover for the company is 11.4for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.20.
Conclusion
To put it simply, MGIC Investment Corp (MTG) has had a bad performance in recent times. Analysts have a mixed 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.
