Magna International Inc (NYSE: MGA)’s stock price has increased by 1.19 compared to its previous closing price of 41.01. However, the company has seen a 3.23% increase 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 price-to-earnings ratio that is above its average at 11.06x. The stock has a 36-month beta value of 1.60. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 5 as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for MGA is 268.38M, and at present, short sellers hold a 2.58% of that float. On January 31, 2025, the average trading volume of MGA was 1.52M shares.
MGA’s Market Performance
The stock of Magna International Inc (MGA) has seen a 3.23% increase in the past week, with a -1.57% drop in the past month, and a -3.40% fall in the past quarter. The volatility ratio for the week is 1.36%, and the volatility levels for the past 30 days are at 2.03% for MGA. The simple moving average for the past 20 days is 1.48% for MGA’s stock, with a -3.75% simple moving average for the past 200 days.
Analysts’ Opinion of MGA
Many brokerage firms have already submitted their reports for MGA stocks, with RBC Capital Mkts repeating the rating for MGA by listing it as a “Outperform.” The predicted price for MGA in the upcoming period, according to RBC Capital Mkts is $52 based on the research report published on January 24, 2025 of the current year 2025.
Goldman, on the other hand, stated in their research note that they expect to see MGA reach a price target of $41, previously predicting the price at $42. The rating they have provided for MGA stocks is “Sell” according to the report published on December 11th, 2024.
MGA Trading at -2.94% 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 -30.10% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares sank -0.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.87% lower at present.
During the last 5 trading sessions, MGA rose by +3.23%, which changed the moving average for the period of 200-days by -16.73% in comparison to the 20-day moving average, which settled at $40.90. In addition, Magna International Inc saw -0.69% 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 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at 0.62. 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 0.43. 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
To sum up, Magna International Inc (MGA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
