Magna International Stock Price on April 26, 2024
| MGA Stock | USD 46.58 0.12 0.26% |
Below is the normalized historical share price chart for Magna International extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Magna International stands at 46.58, as last reported on the 7th of May, with the highest price reaching 47.70 and the lowest price hitting 45.99 during the day.
If you're considering investing in Magna Stock, it is important to understand the factors that can impact its price. Magna International has Sharpe Ratio of -0.18, which conveys that the firm had a -0.18% return per unit of risk over the last 3 months. Magna International exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Magna International's Risk Adjusted Performance of (0.09), standard deviation of 1.83, and Mean Deviation of 1.33 to check out the risk estimate we provide.
At present, Magna International's Common Stock Shares Outstanding is projected to decrease significantly based on the last few years of reporting. The current year's Liabilities And Stockholders Equity is expected to grow to about 33.7 B, whereas Total Stockholder Equity is forecasted to decline to about 6.4 B. . At present, Magna International's Price To Sales Ratio is projected to slightly decrease based on the last few years of reporting. The current year's Price To Operating Cash Flows Ratio is expected to grow to 7.77, whereas Price Earnings Ratio is forecasted to decline to 10.85. Magna Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 26th of March 1990 | 200 Day MA 54.88 | 50 Day MA 52 | Beta 1.679 |
Magna |
Sharpe Ratio = -0.1816
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| Negative Returns | MGA |
Estimated Market Risk
| 1.82 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.33 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Magna International is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Magna International by adding Magna International to a well-diversified portfolio.
Price Book 1.2048 | Enterprise Value Ebitda 5.6571 | Price Sales 0.3368 | Shares Float 286.7 M | Dividend Share 1.87 |
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Magna International Valuation on April 26, 2024
It is possible to determine the worth of Magna International on a given historical date. On April 26, 2024 Magna was worth 48.8 at the beginning of the trading date compared to the closed value of 49.12. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magna International stock. Still, in general, we apply an absolute valuation method to find Magna International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Magna International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magna International's related companies.
| Open | High | Low | Close | Volume | |
| 48.63 | 48.90 | 48.01 | 48.70 | 1,469,194 | |
04/26/2024 | 48.80 | 49.38 | 48.75 | 49.12 | 1,139,240 |
| 49.41 | 49.78 | 49.14 | 49.38 | 1,326,083 |
| Backtest Magna International | | | Magna International History | | | Magna International Valuation | Previous | Next |
Magna International Trading Date Momentum on April 26, 2024
| On April 29 2024 Magna International was traded for 49.38 at the closing time. Highest Magna International's price during the trading hours was 49.78 and the lowest price during the day was 49.14 . The net volume was 1.3 M. The overall trading history on the 29th of April contributed to the next trading period price jump. The trading delta at closing time to the next next day price was 0.53% . The trading delta at closing time to current price is 3.79% . |
Magna International Fundamentals Correlations and Trends
By evaluating Magna International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Magna International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magna financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magna International Stock history
Magna International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Magna is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magna International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Magna International stock prices may prove useful in developing a viable investing in Magna International
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 286.6 M | 356.6 M | |
| Net Income Applicable To Common Shares | 680.8 M | 1.2 B |
Magna International Quarterly Net Working Capital |
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Magna International Stock Technical Analysis
Magna International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Magna International Period Price Range
Low | April 26, 2024
| High |
48.80 | 49.12 |
Magna International May 7, 2024 Market Strength
Market strength indicators help investors to evaluate how Magna International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magna International shares will generate the highest return on investment. By undertsting and applying Magna International stock market strength indicators, traders can identify Magna International entry and exit signals to maximize returns
| Accumulation Distribution | 14534.65 | |||
| Daily Balance Of Power | 0.5079 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 49.07 | |||
| Day Typical Price | 49.08 | |||
| Price Action Indicator | 0.21 | |||
| Period Momentum Indicator | (2.54) |
Magna International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magna International's price direction in advance. Along with the technical and fundamental analysis of Magna Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magna to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.42) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.17) |
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| Volume Indicators |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magna International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price. For information on how to trade Magna Stock refer to our How to Trade Magna Stock guide.Note that the Magna International information on this page should be used as a complementary analysis to other Magna International's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Magna Stock analysis
When running Magna International's price analysis, check to measure Magna International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magna International is operating at the current time. Most of Magna International's value examination focuses on studying past and present price action to predict the probability of Magna International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna International's price. Additionally, you may evaluate how the addition of Magna International to your portfolios can decrease your overall portfolio volatility.
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Is Magna International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magna International. If investors know Magna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magna International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Dividend Share 1.87 | Earnings Share 3.53 | Revenue Per Share 150.468 | Quarterly Revenue Growth 0.028 |
The market value of Magna International is measured differently than its book value, which is the value of Magna that is recorded on the company's balance sheet. Investors also form their own opinion of Magna International's value that differs from its market value or its book value, called intrinsic value, which is Magna International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magna International's market value can be influenced by many factors that don't directly affect Magna International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magna International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magna International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magna International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.