With 0.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Paper & Paper Products company that operates in wider Basic Materials sector, reached to the highest price of $16.44 whereas the lowest price it dropped to was $13.11. The 52-week range on MAGN shows that it touched its highest point at $26.78 and its lowest point at $13.32 during that stretch. It currently has a 1-year price target of $22.50. MAGN paid its most recent dividend on 1609372800, while the ex-dividend date for that was 1656547200. Beta for the stock currently stands at 1.77.
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 MAGN was down-trending over the past week, with a drop of -12.52%, but this was down by -18.30% over a month. Three-month performance dropped to -12.99% while six-month performance fell -29.15%. The stock lost -29.95% in the past year, while it has lost -10.79% so far this year.
Float and Shares Shorts:
At present, 35.40 million MAGN shares are outstanding with a float of 34.65 million shares on hand for trading. On 2025-03-14, short shares totaled 2.41 million, which was 681.9999999999999 higher than short shares on 1739491200. In addition to Mr. Curtis L. Begle as the firm’s CEO, President & Director, Mr. James M. Till serves as its Executive VP, CFO & Treasurer.
Institutional Ownership:
Through their ownership of 1.01087 of MAGN’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 2024-12-28, MAGN reported revenue of $702000000.0 and operating income of $10000000.0. The EBITDA in the recently reported quarter was $42000000.0 and diluted EPS was -$1.69.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With MAGN analysts setting a high price target of 24.0 and a low target of 21.0, the average target price over the next 12 months is 22.5. Based on these targets, MAGN could surge 48.06% to reach the target high and rise by 29.55% to reach the target low. Reaching the average price target will result in a growth of 38.8% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.11. The average estimate for the next quarter is thus $0.22.
