Earnings is just around the corner for MagneGas Corporation (NASDAQ:MNGA) as the firm is slated to issue their report on 1/10/2017 4:30:00 PM. The firm has most recently posted quarter over quarter growth of 51.60% and sales growth of -44.40% quarter over quarter.
In terms of the trend lines, MagneGas Corporation (NASDAQ:MNGA) shares are currently -68.21% off of their 52-week high and 19.70% off from the 52-week low point. The stock is -31.87% from the 200-day moving average and -7.90% from the 50-day average. The Relative Strength Index for the stock stands at 47.35.
Increased volatility should be expected heading into and immediately after the MagneGas Corporation (NASDAQ:MNGA) earnings report. According to the most recent data, the average true range stands at 0.03 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 6.58% and 7.43% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 0.51.
So is there any potential upside for the stock if MagneGas Corporation is able to meet or beat earnings? Analysts, on a consensus basis have a $3.00 on the stock, compared to a recent bid of $0.48. The average broker recommendation yields a score of 2.00, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 2.30% shares are held by company insiders. On the institutional front, 3.40% of MagneGas Corporation (NASDAQ:MNGA) are owned by firms or funds. Over the past few months, insider transactions have trended -22.15% while institutions saw a change of -28.96% in company stock.
Year to date, MagneGas Corporation (NASDAQ:MNGA) holders have seen returns of 5.68%. Over the past month the stock moved -0.06% and most recently shares over the past five trading days have moved 5.68%.