Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $40.00 in the prior trading day, MGP Ingredients, Inc (NASDAQ: MGPI) closed at $39.85, down -0.38%. In other words, the price has decreased by -$0.38 from its previous closing price. On the day, 0.61 million shares were traded. MGPI stock price reached its highest trading level at $40.2 during the session, while it also had its lowest trading level at $38.65.
Ratios:
Our goal is to gain a better understanding of MGPI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 40.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.94 and its Current Ratio is at 6.46. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on November 06, 2024, Downgraded its rating to Hold and sets its target price to $50 from $66 previously.
On October 18, 2024, Lake Street Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $135 to $75.
On October 11, 2022, Wedbush started tracking the stock assigning a Outperform rating and target price of $125.Wedbush initiated its Outperform rating on October 11, 2022, with a $125 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 11 ’24 when Seaberg Karen bought 11,843 shares for $45.60 per share.
Seaberg Karen bought 5,264 shares of MGPI for $240,039 on Dec 12 ’24. On Dec 03 ’24, another insider, Mingus Lori L.S., who serves as the Director of the company, bought 1,530 shares for $90.25 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGPI now has a Market Capitalization of 874838976 and an Enterprise Value of 1157432320. As of this moment, MGP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.27, and their Forward P/E ratio for the next fiscal year is 11.10. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.13 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 1.569 whereas that against EBITDA is 6.021.
Stock Price History:
Over the past 52 weeks, MGPI has reached a high of $102.42, while it has fallen to a 52-week low of $38.84. The 50-Day Moving Average of the stock is -22.15%, while the 200-Day Moving Average is calculated to be -45.67%.
Shares Statistics:
The stock has traded on average 463.85K shares per day over the past 3-months and 449950 shares per day over the last 10 days, according to various share statistics. A total of 21.95M shares are outstanding, with a floating share count of 14.01M. Insiders hold about 36.20% of the company’s shares, while institutions hold 78.25% stake in the company. Shares short for MGPI as of 1732838400 were 3934557 with a Short Ratio of 8.48, compared to 1730332800 on 3803918. Therefore, it implies a Short% of Shares Outstanding of 3934557 and a Short% of Float of 34.8.
Dividends & Splits
In the trailing 12 months, MGPI’s forward annual dividend rate was 0.48, compared to 0.60 this year. Against a Trailing Annual Dividend Yield of 0.012The stock’s 5-year Average Dividend Yield is 0.72.
