In last trading session, MGP Ingredients, Inc (NASDAQ:MGPI) saw 0.83 million shares changing hands with its beta currently measuring 0.65. Company’s recent per share price level of $50.90 trading at $1.83 or 3.73% at ring of the bell on the day assigns it a market valuation of $1.12B. That closing price of MGPI’s stock is at a discount of -101.22% from its 52-week high price of $102.42 and is indicating a premium of 10.73% from its 52-week low price of $45.44. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.66 million shares which gives us an average trading volume of 338.86K if we extend that period to 3-months.
For MGP Ingredients, Inc (MGPI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.51 in the current quarter.
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MGP Ingredients, Inc (NASDAQ:MGPI) trade information
Upright in the green during last session for gaining 3.73%, in the last five days MGPI remained trading in the green while hitting it’s week-highest on Friday, 11/08/24 when the stock touched $50.90 price level, adding 0.61% to its value on the day. MGP Ingredients, Inc’s shares saw a change of -48.34% in year-to-date performance and have moved 11.82% in past 5-day. MGP Ingredients, Inc (NASDAQ:MGPI) showed a performance of -36.18% in past 30-days. Number of shares sold short was 4.37 million shares which calculate 21.7 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 101.5 to the stock, which implies a rise of 49.85% to its current value. Analysts have been projecting 75 as a low price target for the stock while placing it at a high target of 120. It follows that stock’s current price would drop -47.35% in reaching the projected high whereas dropping to the targeted low would mean a loss of -47.35% for stock’s current value.
MGP Ingredients, Inc (MGPI) estimates and forecasts
Statistics highlight that MGP Ingredients, Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -38.73% of value to its shares in past 6 months, showing an annual growth rate of -5.27% while that of industry is 3.40. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -16.40% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 177.17M for the same. And 5 analysts are in estimates of company making revenue of 137.96M in the next quarter. Company posted 214.89M and 170.56M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.22% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -5.13% while estimates for its earnings growth in next 5 years are of 8.50%.
MGPI Dividends
MGP Ingredients, Inc is more likely to be releasing its next quarterly report on 2025-Feb-20 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.94%, the share has a forward dividend of 0.48 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.72%.
MGP Ingredients, Inc (NASDAQ:MGPI)’s Major holders
Insiders are in possession of 35.53% of company’s total shares while institution are holding 76.68 percent of that, with stock having share float percentage of 118.94%. Investors also watch the number of corporate investors in a company very closely, which is 76.68% institutions for MGP Ingredients, Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at MGPI for having 2.35 million shares of worth $174.6 million. And as of 2024-06-30, it was holding 10.5985 of the company’s outstanding shares.
The second largest institutional holder is CHAMPLAIN INVESTMENT PARTNERS, LLC, which was holding about 1.63 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3515 of outstanding shares, having a total worth of $121.11 million.
