Magnera Corp (NYSE:MAGN)’s traded shares stood at 0.32 million during the last session, with the company’s beta value hitting 1.77. At the close of trading, the stock’s price was $15.28, to imply an increase of 4.80% or $0.7 in intraday trading. The MAGN share’s 52-week high remains $26.78, putting it -75.26% down since that peak but still an impressive 14.46% since price per share fell to its 52-week low of $13.07. The company has a valuation of $540.91M, with an average of 0.44 million shares in intraday trading volume over the past 10 days and average of 518.34K shares over the past 3 months.
Magnera Corp (NYSE:MAGN) trade information
After registering a 4.80% upside in the last session, Magnera Corp (MAGN) has traded red over the past five days. The 5-day price performance for the stock is 6.26%, and -17.54% over 30 days. With these gigs, the year-to-date price performance is -15.91%. Short interest in Magnera Corp (NYSE:MAGN) saw shorts transact 2.31 million shares and set a 4.88 days time to cover.
The extremes give us $22 and $22 for target low and target high price respectively. As such, MAGN has been trading -43.98% off suggested target high and -43.98% from its likely low.
Revenue forecast for the current quarter as set by 2 analysts is 841.84M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 841.55M.
MAGN Dividends
Magnera Corp has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 5.08%.
Magnera Corp (NYSE:MAGN)’s Major holders
Magnera Corp insiders hold 0.67% of total outstanding shares, with institutional holders owning 101.03% of the shares at 101.70% float percentage. In total, 101.03% institutions holds shares in the company.
We also have UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Magnera Corp (MAGN) shares. Going by data provided on Dec 31, 2024 , UNDISCOVERED MANAGERS Fd.S-Undiscovered Managers Behavioral Value Fd. holds roughly 1.06 shares. This is just over 2.99% of the total shares, with a market valuation of $16.15 million. Data from the same date shows that the other fund manager holds a little less at 1.05, or 2.96% of the shares, all valued at about 16.0 million.
