With 0.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.56 million shares. The 52-week range on MAG shows that it touched its highest point at $18.27 and its lowest point at $8.94 during that stretch. It currently has a 1-year price target of $19.08. Beta for the stock currently stands at 1.05.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MAG was up-trending over the past week, with a rise of 4.46%, but this was down by -3.61% over a month. Three-month performance dropped to -0.78% while six-month performance rose 29.53%. The stock gained 66.34% in the past year, while it has gained 11.91% so far this year. A look at the trailing 12-month EPS for MAG yields 0.72 with Next year EPS estimates of 0.89. For the next quarter, that number is 0.22. This implies an EPS growth rate of 70.99% for this year and 10.68% for next year.
Float and Shares Shorts:
At present, 103.31 million MAG shares are outstanding with a float of 93.01 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MAG since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.88992 being high and $0.57209 being low. For MAG, this leads to a yearly average estimate of $0.79457. Based on analyst estimates, the high estimate for the next quarter is $0.23 and the low estimate is $0.15. The average estimate for the next quarter is thus $0.18.
