During the last session, Magnera Corp (NYSE:MAGN)’s traded shares were 0.5 million, with the beta value of the company hitting 1.70. At the end of the trading day, the stock’s price was $22.51, reflecting an intraday loss of -2.09% or -$0.48. The 52-week high for the MAGN share is $31.07, that puts it down -38.03 from that peak though still a striking 29.81% gain since the share price plummeted to a 52-week low of $15.80. The company’s market capitalization is $796.86M, and the average intraday trading volume over the past 10 days was 0.75 million shares, and the average trade volume was 654.63K shares over the past three months.

Magnera Corp (NYSE:MAGN) trade information

Magnera Corp (MAGN) registered a -2.09% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.09% in intraday trading to $22.51, hitting a weekly high. The stock’s 5-day price performance is 11.82%, and it has moved by 26.25% in 30 days. Based on these gigs, the overall price performance for the year is -20.57%. The short interest in Magnera Corp (NYSE:MAGN) is 2.21 million shares and it means that shorts have 5.38 day(s) to cover.

The consensus price target of analysts on Wall Street is $22, which implies a decrease of -2.32% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22 and $22 respectively. As a result, MAGN is trading at a premium of 2.27% off the target high and 2.27% off the low.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 878M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 867M by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 15.44%.

MAGN Dividends

Magnera Corp is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 5.08%.

Also, the Mutual Funds coming in first place with the largest holdings of Magnera Corp (MAGN) shares are Fidelity Equity Dividend Income Fund and Fidelity Extended Market Index Fund . Data provided on Dec 31, 2024 indicates that Fidelity Equity Dividend Income Fund owns about 259.64 shares. This amounts to just over 0.73 percent of the company’s overall shares, with a $5.84 million market value. The same data shows that the other fund manager holds slightly less at 193.56, or about 0.55% of the stock, which is worth about $4.36 million.