Magna International Inc (NYSE: MGA) is -6.94% lower on its value in year-to-date trading and has touched a low of $35.05 and a high of $59.37 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 MGA stock was last observed hovering at around $37.76 in the last trading session, with the day’s gains setting it 1.13%.
Currently trading at $38.89, the stock is -3.41% and -8.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.32 million and changing 2.99% at the moment leaves the stock -9.37% off its SMA200. MGA registered -31.80% loss for a year compared to 6-month gain of -0.44%. The firm has a 50-day simple moving average (SMA 50) of $42.4402 and a 200-day simple moving average (SMA200) of $42.9573.
The stock witnessed a -5.74% loss in the last 1 month and extending the period to 3 months gives it a -7.34%, and is -5.17% 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 4.16% over the week and 2.52% over the month.
Magna International Inc (MGA) has around 179000 employees, a market worth around $11.17B and $42.66B in sales. Current P/E ratio is 10.37 and Fwd P/E is 6.64. Profit margin for the company is 2.52%. Distance from 52-week low is 10.96% and -34.50% from its 52-week high. The company has generated returns on investments over the last 12 months (5.78%).
with sales reaching $10.32B over the same period.The EPS is expected to shrink by -4.38% this year, but quarterly earnings will post -0.76% year-over-year. Quarterly sales are estimated to shrink -1.24% in year-over-year returns.
654.0 institutions hold shares in Magna International Inc (MGA), with institutional investors hold 83.53% of the company’s shares. The shares outstanding are 287.34M, and float is at 268.38M with Short Float at 2.24%. Institutions hold 78.29% of the Float.
The top institutional shareholder in the company is PZENA INVESTMENT MANAGEMENT LLC with over 20.96 million shares valued at $1.2 billion. The investor’s holdings represent 7.3053 of the MGA Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 12.62 million shares valued at $528.67 million to account for 4.3979 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.81 million shares representing 3.7676 and valued at over $452.91 million, while HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC holds 3.418 of the shares totaling 9.81 million with a market value of $410.88 million.
