Magna International Inc (NYSE: MGA) is -14.98% lower on its value in year-to-date trading and has touched a low of $30.39 and a high of $47.22 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 $36.28 in the last trading session, with the day’s loss setting it -0.75%.
Currently trading at $35.53, the stock is -0.35% and 2.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing -2.07% at the moment leaves the stock -9.90% off its SMA200. MGA registered -19.52% loss for a year compared to 6-month loss of -19.32%. The firm has a 50-day simple moving average (SMA 50) of $34.5692 and a 200-day simple moving average (SMA200) of $39.45325.
The stock witnessed a 1.49% gain in the last 1 month and extending the period to 3 months gives it a 0.57%, and is 0.23% up 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 1.28% over the week and 1.72% over the month.
Magna International Inc (MGA) has around 170000 employees, a market worth around $10.01B and $41.94B in sales. Current P/E ratio is 8.88 and Fwd P/E is 6.18. Profit margin for the company is 2.73%. Distance from 52-week low is 16.91% and -24.76% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).
The EPS is expected to shrink by -14.36% this year.
Magna International Inc (MGA) Top Institutional Holders
622.0 institutions hold shares in Magna International Inc (MGA), with institutional investors hold 77.88% of the company’s shares. The shares outstanding are 281.74M, and float is at 264.38M with Short Float at 6.00%. Institutions hold 73.36% 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 7.2951% 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 4.3917 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 10.81 million shares representing 3.7624% 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
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