Magna International Inc (NYSE: MGA) is -12.97% 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 $36.81 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $36.37, the stock is -3.15% and -7.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing -1.20% at the moment leaves the stock -12.81% off its SMA200. MGA registered -33.27% loss for a year compared to 6-month loss of -8.41%.
The stock witnessed a -6.60% gain in the last 1 month and extending the period to 3 months gives it a -19.70%, 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 3.88% over the week and 3.48% over the month.
Magna International Inc (MGA) has around 170000 employees, a market worth around $10.25B and $42.84B in sales. Current P/E ratio is 10.35 and Fwd P/E is 5.81. Profit margin for the company is 2.36%. Distance from 52-week low is 9.22% and -35.19% 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 263.05M with Short Float at 3.59%.
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.
