Insights Into Magna International Inc. (MGA) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Serve Robotics Inc. Common Stock to Be Quoted on OTCQB Under Ticker Symbol “SBOT”.

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Stocks Info

Magna International Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Auto Parts industry. The current market capitalization of Magna International Inc. is $16.02B. A total of 1.52 million shares were traded on the day, compared to an average of 1.21M shares.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Magna International Inc. pays an annual dividend of $1.85, resulting in a dividend yield of 3.32%, and it has a price to earnings (P/E) ratio of 13.20. MGA’s most recent ex-dividend date was 2/22/2024 when it declared a $0.4750 quarterly dividend that was paid in cash on 3/8/2024. Previously, the company paid the dividend on 12/1/2023 with an ex-dividend date of 11/16/2023. The MGA stock dividend was $0.46 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MGA has a high of $65.27 and a low of $46.71.

As of this writing, MGA has an earnings estimate of $1.29 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $1.42 per share and a lower estimate of $1.11. The company reported an EPS of $1.46 in the last quarter, which was 9.80% higher than expectations of $1.33.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. MGA’s latest balance sheet shows that the firm has $2.95B in Cash & Short Term Investments as of fiscal 2021. There were $5.67B in debt and $10.40B in liabilities at the time. Its Book Value Per Share was $41.47, while its Total Shareholder’s Equity was $12.22B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGA is Buy with a score of 3.76.

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