Magna International Inc. (NYSE:MGA) currently has a daily average trading volume of 1.82M but it saw 1696575 shares traded in last market. With a market cap of 12.42B USD, the company’s current market price of $43.23 came rising about 1.24 while comparing to the previous closing price of $42.70. In past 52 weeks, the stock remained buoying in the range of price level as high as $65.27 and as low as $40.83.
Taking a look at 20-day trading activity of Magna International Inc. (MGA) gives us an average price of $43.47, while its current price level is -33.77% below from 52-week high level whereas it is 5.88% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $44.04 while that of 200 days or SMA-200 reads an average of $51.15. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.00% during that period while stretching the period over a month that decreases to 2.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.43 which implies that the stock is in neutral territory.
Goldman downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 03, 2024 while assigning a price target range of $73-$58. UBS issued its recommendations for the stock as it initiated the price target for the stock is $63.
Over the week, MGA’s stock price is moving -4.57% down while it is 3.69% when we observe its performance for the past one month. Year-to-date it is -26.83% down and over the past year, the stock is showing a downside performance of -30.75%.
Currently, Magna International Inc.’s total number of outstanding shares is 286.55M. Company’s return on investment (ROI) stands at 5.80% and return on equity (ROE) at 8.96%. It has a price to earnings ratio (P/E ratio) of 12.23 while having a 6.61 of forward P/E ratio. Stock’s beta reads 1.57. Stock has a price to book (P/B) ratio of 1.08 while price to sale or P/S ratio amounts to 0.29. Its return on asset (ROA) is 3.20% on average.
