Magna International Inc. ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $60.32 on 12/27/23, while the lowest value for the same period was recorded at $38.01 on 08/12/24.
52-week price history of MGA Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Magna International Inc.’s current trading price is -33.11% away from its 52-week high, while its distance from the 52-week low is 6.16%. The stock’s price range during this period has spanned from $38.01 to $60.32. In the Consumer Cyclical sector, the Magna International Inc.’s shares surpassed a trading volume of approximately 1.52 million for the day, which was noticeably lower compared to the average daily volume of 9.1.62 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Magna International Inc. (MGA) has experienced a quarterly decline of -2.93% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 11.59B and boasts a workforce of 179000 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 42.91, with a change in price of -8.07. Similarly, Magna International Inc. recorded 1,807,992 in trading volume during the last 100 days, posting a change of -16.67%.
Examining MGA’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for MGA stands at 0.64. Similarly, the long-term debt-to-equity ratio is also 0.54.
MGA Stock Stochastic Average
Today’s raw stochastic average for Magna International Inc. over the last 50 days is 27.76%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 47.47%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 74.85% and 79.84%, respectively.
MGA Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -31.70%.However, over the last six months, we can see a stronger performance of -24.59%. Over the last 30 days, the price of MGA has leaped by -5.68%. And in the last five days, it has fallen by -2.30%.
