Magna (MGA) Hits 52-Week Low: Should You Still Hold the Stock? [Yahoo! Finance]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
Check Earnings Report
US:NYSE Investor Relations:
magna.com/investors
Company Research
Source: Yahoo! Finance
Year to date, Magna has lost 26% of its value, underperforming the industry's decline of 15%. Meanwhile, the S&P 500 index has risen 12.4% over the same timeframe. Image Source: Zacks Investment Research What's Dragging Down MGA Stock? Investors seem to be disappointed with the company's earnings miss in the last two quarters and a bleak full-year sales outlook. Weak Q1 Results : Magna reported first-quarter 2024 adjusted earnings of $1.08 per share, which declined from the year-ago quarter's $1.11 per share and also missed the Zacks Consensus Estimate of $1.28. Sales, although inching up 2.7% year over year, fell short of the consensus mark. Free cash flow was negative $270 million in the quarter as the company continues to invest heavily in the development of technologically advanced products. While that would indeed create new opportunities for the firm, it is likely to strain near-term cash flows and financials. 2024 Sales Guidance Cut : Magna has made a downward revisio
Show less
Read more
Impact Snapshot
Event Time:
MGA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MGA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MGA alerts
High impacting Magna International, Inc. news events
Weekly update
A roundup of the hottest topics
MGA
News
- Freelander name making jump from old Land Rover model to new EV brand [Yahoo! Finance]Yahoo! Finance
- Magna International (TSE:MG) investors are sitting on a loss of 44% if they invested three years ago [Yahoo! Finance]Yahoo! Finance
- Magna Awarded Reconfigurable Seating Business With Chinese OEMGlobeNewswire
- The most oversold and overbought stocks on the TSX [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- 2 Absurdly Cheap TSX Stocks I'd Buy in June 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
MGA
Earnings
- 5/3/24 - Miss
MGA
Sec Filings
- 6/5/24 - Form SD
- 5/30/24 - Form 6-K
- 5/28/24 - Form 6-K
- MGA's page on the SEC website