Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
As of close of business last night, Magnera Corp’s stock clocked out at $20.05, down -2.10% from its previous closing price of $20.48. In other words, the price has decreased by -$2.10 from its previous closing price. On the day, 0.63 million shares were traded. MAGN stock price reached its highest trading level at $20.375 during the session, while it also had its lowest trading level at $19.76.
Ratios:
To gain a deeper understanding of MAGN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 2.23. In the meantime, Its Debt-to-Equity ratio is 4.29 whereas as Long-Term Debt/Eq ratio is at 4.26.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAGN now has a Market Capitalization of 708591040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.34.
Stock Price History:
Over the past 52 weeks, MAGN has reached a high of $35.23, while it has fallen to a 52-week low of $15.80. The 50-Day Moving Average of the stock is -6.47%, while the 200-Day Moving Average is calculated to be -8.36%.
Shares Statistics:
It appears that MAGN traded 582.80K shares on average per day over the past three months and 1214670 shares per day over the past ten days. A total of 35.34M shares are outstanding, with a floating share count of 33.86M. Insiders hold about 4.19% of the company’s shares, while institutions hold 13.56% stake in the company.
