Magna International Inc (NYSE:MGA) shares, rose in value, with the stock price up by 2.36% to the previous day’s close as strong demand from buyers drove the stock to $41.15.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.20, falling within a range of $40.96 and $41.305. The value of beta (5-year monthly) is 1.604 whereas the PE ratio is 10.97 over 12-month period. Referring to stock’s 52-week performance, its high was $59.37, and the low was $38.01. On the whole, MGA has fluctuated by -2.53% over the past month.
With the market capitalization of Magna International Inc currently standing at about $11.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.90, with its dividend yield at 4.62%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 42.49B, with a low estimate of 9.9B and a high estimate of 10.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.36B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MGA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.77, with the price of MGA currently trading nearly 0.19% and -4.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.45, while the 7-day volatility ratio is showing 1.85% which for the 30-day chart, stands at 2.19%. Furthermore, Magna International Inc (MGA)’s beta value is 1.59, and its average true range (ATR) is 1.04.
A comparison of Magna International Inc (MGA) with its peers suggests the former has fared considerably weaker in the market. MGA showed an intraday change of 2.36% in today’s session so far, and over the past year, it shrunk by -26.53%%.
Data on historical trading for Magna International Inc (NYSE:MGA) indicates that the trading volumes over the past 10 days have averaged 1.28 and over the past 3 months, they’ve averaged 1.50 million. According to company’s latest data on outstanding shares, there are 287.34 million shares outstanding.
Nearly 6.60% of Magna International Inc’s shares belong to company insiders and institutional investors own 71.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.92 million shares as on 2024-12-31, resulting in a short ratio of 4.97. The stock has fallen by -1.53% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MGA stock heading into the next quarter.
