Magal Security Systems Ltd. (NASDAQ:MAGS) price on Friday, August 27, rose 2.28% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.82.
A look at the stock’s price movement, the close in the last trading session was $5.69, moving within a range at $5.58 and $5.83. The beta value (5-Year monthly) was 0.98. Turning to its 52-week performance, $5.92 and $3.20 were the 52-week high and 52-week low respectively. Overall, MAGS moved 29.33% over the past month.
Magal Security Systems Ltd.’s market cap currently stands at around $135.14 million, with investors looking forward to this quarter’s earnings report slated for Apr 06, 2021. The company has a Forward Dividend ratio of 1.08, with its dividend yield at 18.56%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MAGS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend MAGS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MAGS’s current price about 18.08% and 23.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 78.17, while 7-day volatility ratio is 3.06% and 4.18% in the 30-day chart. Further, Magal Security Systems Ltd. (MAGS) has a beta value of 0.94, and an average true range (ATR) of 0.20.
In the market, a comparison of Magal Security Systems Ltd. (MAGS) and its peers suggest the former has performed considerably stronger. Data shows MAGS’s intraday price has changed 2.28% in last session and 75.30% over the past year. Looking at another peer, we see that SuperCom Ltd. (SPCB) price has gained 3.57% on the day. However, the stock is -3.33% off its price a year ago. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.88% and 0.69% respectively in the last trading.
If we refocus on Magal Security Systems Ltd. (NASDAQ:MAGS), historical trading data shows that trading volumes averaged 1.65 million over the past 10 days and 219.33K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.22 million shares.
The 47.90% of Magal Security Systems Ltd.’s shares are in the hands of company insiders while institutional holders own 58.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 30310.0 on May 27, 2021, giving us a short ratio of 0.42. The data shows that as of May 27, 2021 short interest in Magal Security Systems Ltd. (MAGS) stood at 0.13% of shares outstanding, with shares short falling to 31090.0 registered in Apr 29, 2021. Current price change has pushed the stock 50.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MAGS stock continues to rise going into the next quarter.