MGE Energy, Inc [MGEE] stock prices are down -0.47% to $89.85 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MGEE shares have gain 4.84% over the last week, with a monthly amount drifted -4.80%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
MGE Energy, Inc [NASDAQ: MGEE] stock has seen the most recent analyst activity on November 17, 2021, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $69 from $71. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on September 09, 2020, and set its price target to $64. On May 26, 2020, BofA/Merrill initiated with a Underperform rating and assigned a price target of $57 on the stock. Robert W. Baird started tracking the stock assigning a Neutral rating and suggested a price target of $44 on November 25, 2015. DA Davidson upgraded its rating to a Neutral and raised its price target to $48.50 on August 08, 2012. DA Davidson downgraded its rating to Underperform for this stock on March 02, 2011, and downed its price target to $37. In a note dated July 30, 2009, DA Davidson initiated an Neutral rating and provided a target price of $37 on this stock.
The stock price of MGE Energy, Inc [MGEE] has been fluctuating between $61.94 and $109.22 over the past year. Currently, Wall Street analysts expect the stock to reach $71 within the next 12 months. MGE Energy, Inc [NASDAQ: MGEE] shares were valued at $89.85 at the most recent close of the market. An investor can expect a potential drop of -20.98% based on the average MGEE price forecast.
Analyzing the MGEE fundamentals
The MGE Energy, Inc [NASDAQ:MGEE] reported sales of 670.18M for trailing twelve months, representing a surge of 4.95%. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.2%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.1 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.
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 89.16 points at the first support level, and at 88.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 91.02, and for the 2nd resistance point, it is at 92.18.
Ratios To Look Out For
It’s worth pointing out that MGE Energy, Inc [NASDAQ:MGEE]’s Current Ratio is 1.41. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 4.85, the price to book ratio is 2.72 and price to earnings (TTM) ratio is 27.42.
Transactions by insiders
Recent insider trading involved Berbee James G, Director, that happened on Aug 23 ’24 when 406.0 shares were purchased. Director, Berbee James G completed a deal on May 30 ’24 to buy 58.0 shares. Meanwhile, Director Berbee James G bought 458.0 shares on Mar 06 ’24.
