Why is MGIC Investment Corporation (MTG) up 95.38% from the day 1 this year? – Invest Chronicle
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Why is MGIC Investment Corporation (MTG) up 95.38% from the day 1 this year?

At the end of the latest market close, MGIC Investment Corporation (MTG) was valued at $14.17. In that particular session, Stock kicked-off at the price of $13.85 while reaching the peak value of $14.135 and lowest value recorded on the day was $13.78. The stock current value is $13.95.

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Recently in News on May 5, 2021, MGIC Investment Corporation Reports First Quarter 2021 Results. First Quarter 2021 Net Income of $150.0 million or $0.43 per Diluted Share. You can read further details here


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MGIC Investment Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $15.68 on 04/29/21, with the lowest value was $11.56 for the same time period, recorded on 01/27/21.

MGIC Investment Corporation (MTG) full year performance was 95.38%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, MGIC Investment Corporation shares are logging -11.03% during the 52-week period from high price, and 130.39% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.05 and $15.68.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 4949338 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the MGIC Investment Corporation (MTG) recorded performance in the market was 11.16%, having the revenues showcasing 12.32% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.65B, as it employees total of 739 workers.

The Analysts eye on MGIC Investment Corporation (MTG)

During the last month, 0 analysts gave the MGIC Investment Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.21, with a change in the price was noted +1.53. In a similar fashion, MGIC Investment Corporation posted a movement of +12.32% for the period of last 100 days, recording 3,319,603 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MTG is recording 0.26 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.26.

Technical rundown of MGIC Investment Corporation (MTG)

Raw Stochastic average of MGIC Investment Corporation in the period of last 50 days is set at 55.18%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 8.95%. In the last 20 days, the company’s Stochastic %K was 19.38% and its Stochastic %D was recorded 26.11%.

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Considering, the past performance of MGIC Investment Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 11.16%. Additionally, trading for the stock in the period of the last six months notably improved by 29.41%, alongside a boost of 95.38% for the period of the last 12 months. The shares increased approximately by -9.42% in the 7-day charts and went down by -1.27% in the period of the last 30 days. Common stock shares were driven by 12.32% during last recorded quarter.

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