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After finishing at $41.29 in the prior trading day, Magna International Inc. (NYSE: MGA) closed at $40.37, down -2.23%. In other words, the price has decreased by -$2.23 from its previous closing price. On the day, 1.3 million shares were traded. MGA stock price reached its highest trading level at $40.71 during the session, while it also had its lowest trading level at $39.84.
Ratios:
Our goal is to gain a better understanding of MGA 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 11.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.51. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.12. In the meantime, Its Debt-to-Equity ratio is 0.64 whereas as Long-Term Debt/Eq ratio is at 0.54.
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, Morgan Stanley on September 25, 2024, Downgraded its rating to Equal-Weight and sets its target price to $43 from $55 previously.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGA now has a Market Capitalization of 11862360064 and an Enterprise Value of 18446422016. As of this moment, Magna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 11.74, and their Forward P/E ratio for the next fiscal year is 6.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 0.428 whereas that against EBITDA is 4.92.
Stock Price History:
Over the past 52 weeks, MGA has reached a high of $60.32, while it has fallen to a 52-week low of $38.01. The 50-Day Moving Average of the stock is -1.83%, while the 200-Day Moving Average is calculated to be -16.35%.
Shares Statistics:
The stock has traded on average 1.63M shares per day over the past 3-months and 1427730 shares per day over the last 10 days, according to various share statistics. A total of 286.55M shares are outstanding, with a floating share count of 268.36M. Insiders hold about 6.60% of the company’s shares, while institutions hold 70.41% stake in the company. Shares short for MGA as of 1726185600 were 7684220 with a Short Ratio of 4.71, compared to 1723680000 on 14355314.
Dividends & Splits
In the trailing 12 months, MGA’s forward annual dividend rate was 1.885, compared to 1.89 this year. Against a Trailing Annual Dividend Yield of 0.0456527The stock’s 5-year Average Dividend Yield is 3.03.
