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The closing price of MGP Ingredients, Inc (NASDAQ: MGPI) was $51.64 for the day, up 1.45% from the previous closing price of $50.90. In other words, the price has increased by $1.45 from its previous closing price. On the day, 0.93 million shares were traded. MGPI stock price reached its highest trading level at $53.31 during the session, while it also had its lowest trading level at $50.55.
Ratios:
Our analysis of MGPI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.58. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1133668352 and an Enterprise Value of 1412968576. As of this moment, MGP’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.71, and their Forward P/E ratio for the next fiscal year is 13.89. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59 while its Price-to-Book (P/B) ratio in mrq is 1.24. Its current Enterprise Value per Revenue stands at 1.915 whereas that against EBITDA is 7.35.
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 $45.44. The 50-Day Moving Average of the stock is -29.04%, while the 200-Day Moving Average is calculated to be -34.63%.
Shares Statistics:
MGPI traded an average of 349.55K shares per day over the past three months and 703390 shares per day 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 75.21% stake in the company. Shares short for MGPI as of 1728950400 were 4365831 with a Short Ratio of 12.49, 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
With its trailing 12-month dividend rate of 0.48, MGPI has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 0.009430255The stock’s 5-year Average Dividend Yield is 0.72.
