After opening Thursday at around $0.3, MagneGas Applied Technology Solutions, Inc. (NASDAQ:MNGA) stock surged to as high as $0.301. It then made a downturn, dipping as low as $0.279. Although the stock bounced a bit into the close, it finished the day at $0.29, down -0.01 points or -2.98 percent on the day. The final volume for the day was 5.942 million, which was less than its average volume. The firm is left with a market cap of $39.55 million and now has 137.33 million shares outstanding. MagneGas Applied Technology Solutions, Inc. (MNGA) stock has gained 17.55 percent of market value in 21 trading days.
MNGA stock has a trailing 3-year beta of -1.72, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$6.8 a share in the trailing twelve months. The stock’s value has fallen -94 percent year to date (YTD) against a decline of -94.8 percent in 12 month’s time. The company’s shares still trade -95.97 percent away from its 1-year high of $7.14 and 119.85 percent up from 52-week low of $0.13. The average consensus rating on the company is 2, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
MagneGas Applied Technology Solutions, Inc. (MNGA) will probably climb 417.24 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $1.5-month high price target. This represents a whopping 417.24 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $1.02, which represents a return potential of 251.72 percent when compared to the closing price of the stock of $0.29 on Thursday, December 06. The lowest price target for the stock is $0.55 — slightly more than 89.66 percent from MNGA’s current share price.
History has shown that shares in MagneGas Applied Technology Solutions, Inc. have gone down on 12 different earnings reaction days and are predicted to add 0.06 percent when the company reports upcoming earnings. Investors will get their next glimpse of MNGA’s Q4 earnings on April 08. Analysts are forecasting revenue to climb 219.4 percent to $3.2M in the fiscal fourth quarter, while earnings are seen soaring by nearly -99.33 percent to -$0.02 per share. It earned -$0.1 per share, better than the -$0.15, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $2.6M, worse than the $3.4M analysts expected. Earnings are estimated to increase by 57.9 percent this year, 65.1 percent next year and continue to increase by 0 percent annually for the next 5 years.
Let’s take a look at some insider activity at MagneGas Applied Technology Solutions, Inc. (NASDAQ:MNGA) and see the pattern. The earliest insider trade took place on 01/12/2018. Santilli Carla parted with a total of 108.33 thousand shares of company at average share price of $0.31. The total for the sales was set at $33.58 thousand. After this transaction, the Director account balance stood at 306.87 thousand shares. The stock lost -3.23 percent since that insider sale. On 12/15/2017, Ingargiola Luisa, Director, purchased 50 thousand shares at a price per share of $0.29. This added 14.5 thousand shares to the insider’s fortune and the stock saw a 3.45 percent rally in value since the news became public. This transaction left 129.29 thousand shares in the Director account.
On 12/15/2017, Director Huntington Christopher performed a purchase transaction worth $31.42 thousand. This purchase at $0.29 each has added 108.33 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 3.45 percent increase since the transaction was reported. The insider now is left with 109.02 thousand shares remaining in the account. Staunton William W Iii, who performs the Director job, bought 108.33 thousand shares for $31.42 thousand. The acquisition occurred on 12/15/2017 was priced at $0.29 per share. The share price soared 3.45 percent since the reporting date. Staunton William W Iii now left with a stake of 130.26 thousand MNGA stock worth $37.78 thousand after the insider buying.
The stock is currently hovering around the first support level of $0.28. Below this, the next support is placed in the zone of $0.27. Till the time, the MNGA stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 46.28 on daily chart, which may remain a cause for concern. If the price breaks below $0.27 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $0.3 mark may result into a pull-back move towards $0.31 level.
Further, it is sporting a 5.14 on the Price-to-Sales ratio. Compare this with the industry average P/S of 17.81. 35.4 percent is the gross profit margin for MagneGas Applied Technology Solutions, Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.