Magna International Inc (NYSE: MGA) is -11.92% lower on its value in year-to-date trading and has touched a low of $33.30 and a high of $56.12 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 $34.14 in the last trading session, with the day’s gains setting it 2.67%.
Currently trading at $36.81, the stock is -2.91% and -7.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.78 million and changing 7.82% at the moment leaves the stock -12.27% off its SMA200. MGA registered -31.90% loss for a year compared to 6-month loss of -12.42%.
The stock witnessed a -0.92% gain in the last 1 month and extending the period to 3 months gives it a -18.45%, and is -3.66% 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 4.37% over the week and 3.30% over the month.
Magna International Inc (MGA) has around 170000 employees, a market worth around $10.58B and $42.84B in sales. Current P/E ratio is 10.47 and Fwd P/E is 5.88. Profit margin for the company is 2.36%. Distance from 52-week low is 10.54% and -34.41% from its 52-week high. The company has generated returns on investments over the last 12 months (5.83%).
with sales reaching $9.66B over the same period.The EPS is expected to shrink by -7.74% this year, but quarterly earnings will post -7.87% year-over-year. Quarterly sales are estimated to shrink -11.92% in year-over-year returns.
The shares outstanding are 282.88M, and float is at 267.82M with Short Float at 3.53%.
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 7.2951 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 3.4132 of the shares totaling 9.81 million with a market value of $410.88 million.
Magna International Inc (MGA) Insider Activity
A total of 0 insider transactions have happened at Magna International Inc (MGA) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Magna International Inc (MGA): Who are the competitors?
One of the company’s main competitors (and peers) include Martinrea International Inc. (MRE) that is trading -30.69% down over the past 12 months.Strattec Security Corp. (STRT) lies in the list of competitors of the Magna International Inc and is 89.27% higher over the same period from MGABorgWarner Inc. (BWA) is -8.61% down on the 1-year trading charts.
