With 0.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.46 million shares. The 52-week range on MGX shows that it touched its highest point at $12.50 and its lowest point at $1.61 during that stretch. It currently has a 1-year price target of $16.50. Beta for the stock currently stands at -2.54.
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 MGX was up-trending over the past week, with a rise of 12.28%, but this was down by -1.92% over a month. Three-month performance surged to 36.17% while six-month performance fell -9.22%. The stock lost -78.95% in the past year, while it has lost -29.09% so far this year. A look at the trailing 12-month EPS for MGX yields -2.50 with Next year EPS estimates of -2.66. For the next quarter, that number is -0.75. This implies an EPS growth rate of 87.64% for this year and -7.39% for next year.
Float and Shares Shorts:
At present, 37.43 million MGX shares are outstanding with a float of 21.36 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 MGX since 2 analysts follow the stock currently. There are 2 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.
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 -$2.18655 being high and -$2.67021 being low. For MGX, this leads to a yearly average estimate of -$2.47876. Based on analyst estimates, the high estimate for the next quarter is -$0.67 and the low estimate is -$0.71. The average estimate for the next quarter is thus -$0.69.
