MGP Ingredients, Inc (NASDAQ:MGPI) price on Friday, May 02, rose 3.30% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.89.
A look at the stock’s price movement, the close in the last trading session was $30.87, moving within a range at $31.29 and $32.33. The beta value (5-Year monthly) was 0.609 while the PE ratio in trailing twelve months stood at 21.01. Turning to its 52-week performance, $92.52 and $25.12 were the 52-week high and 52-week low respectively. Overall, MGPI moved 12.73% over the past month.
MGP Ingredients, Inc’s market cap currently stands at around $678.32 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-30. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 1.51%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 135.82M for the company’s revenue for the quarter, with a low and high estimate of 128M and 139.7M respectively. The average forecast suggests down to a -28.82% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 531.37M, representing a -24.48% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MGPI is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend MGPI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
MGPI’s current price about 12.07% and 6.16% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.04, while 7-day volatility ratio is 4.24% and 5.39% in the 30-day chart. Further, MGP Ingredients, Inc (MGPI) has a beta value of 0.32, and an average true range (ATR) of 1.41. Analysts have given the company’s stock an average 52-week price target of $40, forecast between a low of $40 and high of $40. Looking at the price targets, the low is -25.43% off current price level while to achieve the yearly target high, price needs to move -25.43%. Nonetheless, investors will most likely welcome a -25.43% jump to $40 which is the analysts’ median price.
If we refocus on MGP Ingredients, Inc (NASDAQ:MGPI), historical trading data shows that trading volumes averaged 0.37 over the past 10 days and 412.67K over the past 3 months. The company’s latest data on shares outstanding shows there are 21.19 million shares.
The 29.39% of MGP Ingredients, Inc’s shares are in the hands of company insiders while institutional holders own 72.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.75 million on 2025-04-15, giving us a short ratio of 7.3. The data shows that as of 2025-04-15 short interest in MGP Ingredients, Inc (MGPI) stood at 2339.0 of shares outstanding, with shares short falling to 2.94 million registered in 2025-03-14. Current price change has pushed the stock -19.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MGPI stock continues to rise going into the next quarter.
