Magna Announces Third Quarter 2024 Results

MGA Stock  USD 46.46  1.38  3.06%   
About 62% of all Magna International's investors are looking to take a long position. The analysis of overall sentiment of trading Magna International stock suggests that some investors are interested at this time. The current market sentiment, together with Magna International's historical and current headlines, can help investors time the market. In addition, many technical investors use Magna International stock news signals to limit their universe of possible portfolio assets.
  
Sales of 10.3 billion decreased in-line with the 4 percent reduction in global light vehicle productionDiluted earnings per share were 1.68, up 0.31, largely reflecting recognition of Fisker deferred revenueAdjusted diluted earnings per share were 1.28, down 0.18, including 0.10 due to a higher income tax rateNormal Course Issuer Bid to purchase up to 10 percent of our public float of Common Shares, with purchases expected to commence in the fourth quarter of 2024 AURORA, Ontario, Nov. 01, 2024 GLOBE N

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Magna International Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Magna International can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Magna International Fundamental Analysis

We analyze Magna International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Magna International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Magna International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Current Asset

Current Asset Comparative Analysis

Magna International is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.

Magna International Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Magna International stock to make a market-neutral strategy. Peer analysis of Magna International could also be used in its relative valuation, which is a method of valuing Magna International by comparing valuation metrics with similar companies.

Peers

Magna International Related Equities

APTVAptiv PLC   5.06   
0%
100.0%
AXLAmerican Axle   4.60   
0%
90.0%
VCVisteon Corp   4.18   
0%
82.0%
DANDana   3.98   
0%
78.0%
LKQLKQ   3.27   
0%
64.0%
ADNTAdient PLC   3.21   
0%
63.0%
LEALear   3.16   
0%
62.0%
BWABorgWarner   3.11   
0%
61.0%
FOXFFox Factory   2.96   
0%
58.0%
ALVAutoliv   2.71   
0%
53.0%
GNTXGentex   2.24   
0%
44.0%
DORMDorman Products   1.61   
0%
31.0%
ALSNAllison Transmission   0.38   
7.0%
0%

Complementary Tools for Magna Stock analysis

When running Magna International's price analysis, check to measure Magna International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magna International is operating at the current time. Most of Magna International's value examination focuses on studying past and present price action to predict the probability of Magna International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magna International's price. Additionally, you may evaluate how the addition of Magna International to your portfolios can decrease your overall portfolio volatility.
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