Magna International Inc (MGA) saw downtrend of -5.21% in the recent trading with $44.04 being its most recent. The current price level -26.99% lower than the highest price of $60.32 marked by the stock while trading over the past 52-weeks, whereas it is 15.86% higher than the lowest price of $38.01 the company dropped to over past 52-weeks. The latest news story on MGA appeared in (Insider Monkey) under the title “Magna International Inc. (MGA)-A Bull Case Theory”.
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Squeezing the time span to 30 day period shows us the stock is currently trading -6.30% below one month high and is +11.78% above of the lowest during that time. Looking into the simple moving average, Magna International Inc (MGA)’s stock stands at a SMA-50 of $42.33 while that of 5-day is reading $44.47.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and MGA’s SMA-200 as of now is $45.46.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 18 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.45 for the stock.
Magna International Inc Earnings – What Happened With MGA
Coming around sales and income figures on MGA Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Magna International Inc (MGA) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -9.09% for net revenue.
MGA – Magna International Inc Stock Earnings Estimates
The perspective of Magna International Inc (NYSE:MGA)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.46 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 1.33.
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 286.55 million. MGA does have institutional investors; and they hold 71.37% of the stock.
Magna International Inc – Insider Activity and Holdings
As on 2024-06-30, PZENA INVESTMENT MANAGEMENT LLC was the top most holder in Magna International Inc (NYSE:MGA) with an ownership of 20.96 million shares of the company or 7.3053 of the stake worth $1.2 billion. The filing also reveals ROYAL BANK OF CANADA as the second largest holder in the company with a control over 4.3979 of the outstanding shares. Its stake is worth $528.67 million for having 12.62 million shares in hand.
VANGUARD GROUP INC also came holding a key position in the company during the recent quarter and it now holds 3.7676 of the outstanding shares. With this there are now 640.0 institutions which have possession in MGA’s shares.
Currently, the stock has been recommended as Moderate Buy by 18 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.45 for the stock.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Magna International Inc has a debt to equity ratio of 0.62.
Technical Analysis of Magna International Inc (NYSE:MGA) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Magna International Inc (MGA), we notice that the stock’s 20-day average volume is at 1,966,250 shares and 50% of short term indicators are suggesting the stock as Buy. Its 50-day average volume of 1,571,934 shares. And to end with, MGA’s 100-day average volume are 1,646,294 shares.
