With 0.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. During the session, the Beverages – Wineries & Distilleries company that operates in wider Consumer Defensive sector, reached to the highest price of $36.71 whereas the lowest price it dropped to was $35.395. The 52-week range on MGPI shows that it touched its highest point at $95.83 and its lowest point at $36.52 during that stretch. It currently has a 1-year price target of $59.83. With its current market cap of 803.71 million, MGPI has annualized dividend of $0.48 while the current yield stands at 1.31%. Beta for the stock currently stands at 0.63.
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 MGPI was down-trending over the past week, with a drop of -7.01%, but this was down by -17.69% over a month. Three-month performance dropped to -53.75% while six-month performance fell -47.97%. The stock lost -61.69% in the past year, while it has lost -7.01% so far this year. A look at the trailing 12-month EPS for MGPI yields 4.82 with Next year EPS estimates of 3.46. For the next quarter, that number is 1.50. This implies an EPS growth rate of -5.13% for this year and -37.88% for next year.
Float and Shares Shorts:
At present, 21.95 million MGPI shares are outstanding with a float of 15.25 million shares on hand for trading. On 2024-12-13, short shares totaled 3.91 million, which was 1780.9999 higher than short shares on 1731628800. In addition to Mr. Amel Pasagic as the firm’s VP & Chief Commercial Officer, Dr. Clodualdo Maningat serves as its Chief Science Officer and VP of Ingredients Research & Development.
Institutional Ownership:
Through their ownership of 0.79504997 of MGPI’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, MGPI reported revenue of $161461000.0 and operating income of $38964000.0. The EBITDA in the recently reported quarter was $45670000.0 and diluted EPS was $1.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MGPI since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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. With MGPI analysts setting a high price target of 80.0 and a low target of 44.0, the average target price over the next 12 months is 59.83333. Based on these targets, MGPI could surge 118.52% to reach the target high and rise by 20.19% to reach the target low. Reaching the average price target will result in a growth of 63.43% from current levels.
Analysts have provided yearly estimates in a range of $5.61818 being high and $5.55799 being low. For MGPI, this leads to a yearly average estimate of $5.57805. Based on analyst estimates, the high estimate for the next quarter is $0.9 and the low estimate is $0.5. The average estimate for the next quarter is thus $0.61.
