Magna International Inc (NYSE:MGA) shares, rose in value, with the stock price down by -2.45% to the previous day’s close as strong demand from buyers drove the stock to $38.70.
Actively observing the price movement in the recent trading, the stock is buoying the session at $39.67, falling within a range of $37.49 and $39.79. The value of beta (5-year monthly) is 1.604 whereas the PE ratio is 10.32 over 12-month period. Referring to stock’s 52-week performance, its high was $56.12, and the low was $35.05. On the whole, MGA has fluctuated by -5.52% over the past month.
With the market capitalization of Magna International Inc currently standing at about $11.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.90, with its dividend yield at 4.91%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 42.78B, with a low estimate of 10B and a high estimate of 11.51B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.83B.
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 100% Sell 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 1.06, with the price of MGA currently trading nearly -2.49% and -6.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.15, while the 7-day volatility ratio is showing 2.09% which for the 30-day chart, stands at 2.49%. Furthermore, Magna International Inc (MGA)’s beta value is 1.63, and its average true range (ATR) is 1.27.
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 -2.45% in today’s session so far, and over the past year, it shrunk by -28.17%%.
Data on historical trading for Magna International Inc (NYSE:MGA) indicates that the trading volumes over the past 10 days have averaged 2.46 and over the past 3 months, they’ve averaged 1.56 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 70.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.02 million shares as on 2025-01-31, resulting in a short ratio of 4.7. The stock has fallen by -7.39% 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.
