Post-Trade Analysis: Magna International Inc. (MGA) Slides -0.26, Closing at 46.58

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After finishing at $46.70 in the prior trading day, Magna International Inc. (NYSE: MGA) closed at $46.58, down -0.26%. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 2.45 million shares were traded. MGA stock price reached its highest trading level at $47.7 during the session, while it also had its lowest trading level at $45.99.

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 8.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.23. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.52.

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, Goldman on January 03, 2024, Downgraded its rating to Neutral and sets its target price to $58 from $73 previously.

On September 13, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $63.

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 13429060608 and an Enterprise Value of 20191506432. As of this moment, Magna’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.18, and their Forward P/E ratio for the next fiscal year is 6.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.08. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 0.469 whereas that against EBITDA is 5.234.

Stock Price History:

Over the past 52 weeks, MGA has reached a high of $65.27, while it has fallen to a 52-week low of $46.11. The 50-Day Moving Average of the stock is -10.42%, while the 200-Day Moving Average is calculated to be -15.12%.

Shares Statistics:

The stock has traded on average 1.58M shares per day over the past 3-months and 2362430 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 268.53M. Insiders hold about 6.53% of the company’s shares, while institutions hold 71.68% stake in the company. Shares short for MGA as of 1713139200 were 9810578 with a Short Ratio of 6.22, compared to 1710460800 on 8548670.

Dividends & Splits

In the trailing 12 months, MGA’s forward annual dividend rate was 1.87, compared to 1.85 this year. Against a Trailing Annual Dividend Yield of 0.040042825The stock’s 5-year Average Dividend Yield is 2.9.

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