MGP Ingredients, Inc (NASDAQ: MGPI) is -60.04% lower on its value in year-to-date trading and has touched a low of $38.24 and a high of $101.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGPI stock was last observed hovering at around $38.87 in the last trading session, with the day’s gains setting it 0.5%.
Currently trading at $39.37, the stock is -8.65% and -17.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.24 million and changing 1.29% at the moment leaves the stock -45.49% off its SMA200. MGPI registered -60.04% loss for a year compared to 6-month loss of -46.08%. The firm has a 50-day simple moving average (SMA 50) of $47.92 and a 200-day simple moving average (SMA200) of $72.44475.
The stock witnessed a -14.93% gain in the last 1 month and extending the period to 3 months gives it a -52.66%, and is -1.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.16% over the week and 3.81% over the month.
MGP Ingredients, Inc (MGPI) has around 705 employees, a market worth around $875.42M and $737.72M in sales. Current P/E ratio is 8.17 and Fwd P/E is 10.97. Profit margin for the company is 14.44%. Distance from 52-week low is 2.97% and -61.28% from its 52-week high. The company has generated returns on investments over the last 12 months (8.81%).
with sales reaching $177.17M over the same period.The EPS is expected to shrink by -5.14% this year, but quarterly earnings will post -16.36% year-over-year. Quarterly sales are estimated to shrink -17.55% in year-over-year returns.
MGP Ingredients, Inc (MGPI) Top Institutional Holders
338.0 institutions hold shares in MGP Ingredients, Inc (MGPI), with institutional investors hold 123.56% of the company’s shares. The shares outstanding are 21.95M, and float is at 15.26M with Short Float at 25.63%. Institutions hold 79.66% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.35 million shares valued at $174.6 million. The investor’s holdings represent 10.5985% of the MGPI Shares outstanding. As of 2024-06-30, the second largest holder is CHAMPLAIN INVESTMENT PARTNERS, LLC with 1.63 million shares valued at $121.11 million to account for 7.3515 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.15 million shares representing 5.1732% and valued at over $85.22 million, while FMR LLC holds 4.3613 of the shares totaling 0.97 million with a market value of $71.85 million.
MGP Ingredients, Inc (MGPI) Insider Activity
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Still, SEC filings show that on Dec 03 ’24, Mingus Lori L.S. (Director) Proposed Sale 1,530 shares at an average price of $90.25 for $0.14 million. The insider now directly holds shares of MGP Ingredients, Inc (MGPI).
