With 0.53 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.43 million shares. The 52-week range on MGPI shows that it touched its highest point at $92.52 and its lowest point at $25.12 during that stretch. It currently has a 1-year price target of $39.00. With its current market cap of 694.95 million, MGPI has annualized dividend of $0.60 while the current yield stands at 1.84%. Beta for the stock currently stands at 0.36.
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 -2.65%, but this was up by 17.10% over a month. Three-month performance dropped to -0.21% while six-month performance fell -35.36%. The stock lost -59.32% in the past year, while it has lost -17.02% so far this year. A look at the trailing 12-month EPS for MGPI yields 0.46 with Next year EPS estimates of 2.81. For the next quarter, that number is 0.66. This implies an EPS growth rate of -55.84% for this year and 12.82% for next year. EPS is expected to decline by -17.24% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.22%.
Float and Shares Shorts:
At present, 21.27 million MGPI shares are outstanding with a float of 13.95 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 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.
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 $5.61818 being high and $5.55799 being low. For MGPI, this leads to a yearly average estimate of $5.57805.
