In Thursday’s Wall Street session, Magnera Corp (NYSE:MAGN) shares traded at $13.18, up 0.84% from the previous session.
MAGN stock price is now -0.43% away from the 50-day moving average and -27.12% away from the 200-day moving average. The market capitalization of the company currently stands at $469.21M.
With the price target maintained at $16, Wells Fargo recently Downgraded its rating from Overweight to Equal Weight for Magnera Corp (NYSE: MAGN). On March 19, 2025, Vertical Research recently initiated its ‘Hold’ rating on the stock quoting a target price of $21, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Curless Michael S, Director bought 10,000 shares of the company’s stock on Jun 04 ’25. The stock was bought for $122,939 at an average price of $12.29. Upon completion of the transaction, the Director now directly owns 10,000 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 05 ’25, Director Marnick Samantha J. bought 4,000 shares of the business’s stock. A total of $49,511 was incurred on buying the stock at an average price of $12.38. This leaves the insider owning 4,000 shares of the company worth $52720.0. A total of 3.17% of the company’s stock is owned by insiders.
During the past 12 months, Magnera Corp has had a low of $11.43 and a high of $26.78. As of last week, the company has a debt-to-equity ratio of 1.89, a current ratio of 2.40, and a quick ratio of 1.54. The fifty day moving average price for MAGN is $13.2368 and a two-hundred day moving average price translates $18.0843 for the stock.
The latest earnings results from Magnera Corp (NYSE: MAGN) was released for 2025-03-29. The net profit margin was -5.08% and return on equity was -30.65% for MAGN. The company reported revenue of $824.0 million for the quarter, compared to $558.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 47.67 percent.
