At the time of writing, Magna International Inc. [MGA] stock is trading at $42.17, up 0.40%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MGA shares have gain 5.06% over the last week, with a monthly amount glided 2.73%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Magna International Inc. [NYSE: MGA] stock has seen the most recent analyst activity on September 05, 2024, when Wolfe Research downgraded its rating to a Underperform. Previously, Exane BNP Paribas upgraded its rating to Outperform on July 01, 2024. On January 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $58 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $63 on September 13, 2023. BofA Securities upgraded its rating to Buy for this stock on July 06, 2023, and upped its price target to $85. In a note dated May 08, 2023, Exane BNP Paribas upgraded an Neutral rating on this stock.
For the past year, the stock price of Magna International Inc. fluctuated between $38.01 and $60.32. Currently, Wall Street analysts expect the stock to reach $65.63 within the next 12 months. Magna International Inc. [NYSE: MGA] shares were valued at $42.17 at the most recent close of the market. An investor can expect a potential return of 55.63% based on the average MGA price forecast.
Analyzing the MGA fundamentals
According to Magna International Inc. [NYSE:MGA], the company’s sales were 43.07B for trailing twelve months, which represents an -0.22% plunge. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 41.80 points at the first support level, and at 41.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.58, and for the 2nd resistance point, it is at 42.99.
Ratios To Look Out For
It is important to note that Magna International Inc. [NYSE:MGA] has a current ratio of 1.12. Further, the Quick Ratio stands at 0.77, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 12.26.
