A share price of MGP Ingredients, Inc [MGPI] is currently trading at $50.81, down -1.61%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MGPI shares have gain 8.22% over the last week, with a monthly amount drifted -36.20%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MGP Ingredients, Inc [NASDAQ: MGPI] stock has seen the most recent analyst activity on November 06, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $50 from $66. Previously, Lake Street downgraded its rating to Hold on October 18, 2024, and dropped its price target to $75. On October 11, 2022, Wedbush initiated with a Outperform rating and assigned a price target of $125 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $126 on August 15, 2022. ROTH Capital initiated its recommendation with a Buy and recommended $115 as its price target on June 30, 2022. Lake Street started tracking with a Buy rating for this stock on February 22, 2022, and assigned it a price target of $100. In a note dated January 21, 2022, Cowen initiated an Outperform rating and provided a target price of $99 on this stock.
MGP Ingredients, Inc experienced fluctuations in its stock price throughout the past year between $45.44 and $102.42. Currently, Wall Street analysts expect the stock to reach $99.5 within the next 12 months. MGP Ingredients, Inc [NASDAQ: MGPI] shares were valued at $50.81 at the most recent close of the market. An investor can expect a potential return of 95.83% based on the average MGPI price forecast.
Analyzing the MGPI fundamentals
Trailing Twelve Months sales for MGP Ingredients, Inc [NASDAQ:MGPI] were 737.72M which represents -23.70% decline. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.19%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.12 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 50.29 points at the first support level, and at 49.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.66, and for the 2nd resistance point, it is at 52.52.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MGP Ingredients, Inc [NASDAQ:MGPI] is 6.46. As well, the Quick Ratio is 1.94, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 1.22 and price to earnings (TTM) ratio is 10.54.
Transactions by insiders
Recent insider trading involved Seaberg Karen, Director, that happened on Nov 01 ’24 when 1326.0 shares were purchased. Director, Mingus Lori L.S. completed a deal on Nov 01 ’24 to buy 142.0 shares. Meanwhile, Director Seaberg Karen bought 266.0 shares on Oct 01 ’24.
