Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, MGP Ingredients, Inc (NASDAQ: MGPI) closed at $46.47 up 2.09% from its previous closing price of $45.52. In other words, the price has increased by $2.09 from its previous closing price. On the day, 0.91 million shares were traded. MGPI stock price reached its highest trading level at $47.79 during the session, while it also had its lowest trading level at $45.68.
Ratios:
For a deeper understanding of MGP Ingredients, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 46.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.68. 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, Lake Street on October 18, 2024, Downgraded its rating to Hold and sets its target price to $75 from $135 previously.
On October 11, 2022, Wedbush started tracking the stock assigning a Outperform rating and target price of $125.
On August 15, 2022, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $126.Wells Fargo initiated its Overweight rating on August 15, 2022, with a $126 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 01 ’24 when Seaberg Karen bought 1,326 shares for $90.50 per share.
Mingus Lori L.S. bought 142 shares of MGPI for $12,851 on Nov 01 ’24. On Oct 01 ’24, another insider, Seaberg Karen, who serves as the Director of the company, bought 266 shares for $90.50 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 1020169856 and an Enterprise Value of 1299470080. As of this moment, MGP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.64, and their Forward P/E ratio for the next fiscal year is 11.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 1.761 whereas that against EBITDA is 6.76.
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 $45.48. The 50-Day Moving Average of the stock is -39.56%, while the 200-Day Moving Average is calculated to be -41.88%.
Shares Statistics:
For the past three months, MGPI has traded an average of 311.66K shares per day and 733200 over the past ten days. A total of 22.02M shares are outstanding, with a floating share count of 14.00M. Insiders hold about 36.24% of the company’s shares, while institutions hold 74.53% stake in the company. Shares short for MGPI as of 1728950400 were 4365831 with a Short Ratio of 14.01, compared to 1726185600 on 4218359. Therefore, it implies a Short% of Shares Outstanding of 4365831 and a Short% of Float of 38.619998.
Dividends & Splits
According to the company, the forward annual dividend rate for MGPI is 0.48, from 0.48 in the trailing year. Against a Trailing Annual Dividend Yield of 0.010544815The stock’s 5-year Average Dividend Yield is 0.72.
