A share price of MGP Ingredients, Inc [MGPI] is currently trading at $32.22, down -1.14%. 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 MGPI shares have lost -1.04% over the last week, with a monthly amount drifted -13.48%, and not seem to be holding up well over a long-time horizon.
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 $31.76 and $92.52. Currently, Wall Street analysts expect the stock to reach $80 within the next 12 months. MGP Ingredients, Inc [NASDAQ: MGPI] shares were valued at $32.22 at the most recent close of the market. An investor can expect a potential return of 148.29% 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 0.41% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 30.91 points at the first support level, and at 29.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.93, and for the 2nd resistance point, it is at 35.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for MGP Ingredients, Inc [NASDAQ:MGPI] is 6.46. Further, the Quick Ratio stands at 1.94, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 6.68.
Transactions by insiders
Recent insider trading involved Seaberg Karen, Director, that happened on Dec 11 ’24 when 11843.0 shares were purchased. Director, Seaberg Karen completed a deal on Dec 12 ’24 to buy 5264.0 shares. Meanwhile, Director Mingus Lori L.S. bought 1530.0 shares on Dec 03 ’24.
