Magellan Aerospace Stock Today

MALJF Stock  USD 6.21  0.09  1.47%   

Performance

8 of 100

 
Low
 
High
OK

Odds Of Distress

Less than 21

 
100  
 
Zero
Low
Magellan Aerospace is trading at 6.21 as of the 19th of March 2024. This is a 1.47 percent up since the beginning of the trading day. The stock's lowest day price was 6.21. Magellan Aerospace has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Magellan Aerospace are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of November 2022 and ending today, the 19th of March 2024. Click here to learn more.
Magellan Aerospace Corporation, through its subsidiaries, designs, engineers, manufactures, and sells aero engine and structure components for the aerospace markets in Canada, the United States, Europe, and Asia. Magellan Aerospace Corporation was incorporated in 1996 and is headquartered in Mississauga, Canada. The company has 57.51 M outstanding shares. More on Magellan Aerospace

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Moving against Magellan Pink Sheet

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Follow Valuation Odds of Bankruptcy
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Magellan Pink Sheet Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Magellan Aerospace's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Magellan Aerospace or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO and DirectorJames Butyniec
Business ConcentrationIndustrials, Aerospace & Defense, Aerospace & Defense, Industrials (View all Sectors)
Magellan Aerospace [MALJF] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Small-Cap' category with a current market capitalization of 384.4 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Magellan Aerospace's market, we take the total number of its shares issued and multiply it by Magellan Aerospace's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Magellan Aerospace classifies itself under Aerospace & Defense sector and is part of Industrials industry. The entity has 57.51 M outstanding shares. Magellan Aerospace has accumulated about 11.21 M in cash with 12.53 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.19.
Check Magellan Aerospace Probability Of Bankruptcy
Ownership Allocation
Magellan Aerospace holds a total of 57.51 Million outstanding shares. Magellan Aerospace secures majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 78.88 % of Magellan Aerospace outstanding shares that are owned by insiders conveys that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Magellan Ownership Details

Magellan Stock Price Odds Analysis

In reference to a normal probability distribution, the odds of Magellan Aerospace jumping above the current price in 90 days from now is about 1.35%. The Magellan Aerospace probability density function shows the probability of Magellan Aerospace pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Magellan Aerospace has a beta of -0.4217. This indicates as returns on benchmark increase, returns on holding Magellan Aerospace are expected to decrease at a much lower rate. During the bear market, however, Magellan Aerospace is likely to outperform the market. Additionally, the company has an alpha of 0.1214, implying that it can generate a 0.12 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 6.21HorizonTargetOdds Above 6.21
98.62%90 days
 6.21 
1.35%
Based on a normal probability distribution, the odds of Magellan Aerospace to move above the current price in 90 days from now is about 1.35 (This Magellan Aerospace probability density function shows the probability of Magellan Pink Sheet to fall within a particular range of prices over 90 days) .

Magellan Aerospace Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Magellan Aerospace market risk premium is the additional return an investor will receive from holding Magellan Aerospace long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Magellan Aerospace. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Magellan Aerospace's alpha and beta are two of the key measurements used to evaluate Magellan Aerospace's performance over the market, the standard measures of volatility play an important role as well.

Magellan Stock Against Markets

Picking the right benchmark for Magellan Aerospace pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Magellan Aerospace pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Magellan Aerospace is critical whether you are bullish or bearish towards Magellan Aerospace at a given time. Please also check how Magellan Aerospace's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Magellan Aerospace without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Magellan Aerospace Corporate Directors

Magellan Aerospace corporate directors refer to members of a Magellan Aerospace board of directors. The board of directors generally takes responsibility for the Magellan Aerospace's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Magellan Aerospace's board members must vote for the resolution. The Magellan Aerospace board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Beth BandlerIndependent DirectorProfile
Steven SomervilleIndependent DirectorProfile
William DavisIndependent DirectorProfile
William DimmaIndependent DirectorProfile

How to buy Magellan Pink Sheet?

Before investing in Magellan Aerospace, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Magellan Aerospace. To buy Magellan Aerospace stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Magellan Aerospace. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Magellan Aerospace stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Magellan Aerospace stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Magellan Aerospace stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Magellan Aerospace, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Magellan Aerospace?

The danger of trading Magellan Aerospace is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Magellan Aerospace is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Magellan Aerospace. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Magellan Aerospace is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magellan Aerospace. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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When running Magellan Aerospace's price analysis, check to measure Magellan Aerospace's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magellan Aerospace is operating at the current time. Most of Magellan Aerospace's value examination focuses on studying past and present price action to predict the probability of Magellan Aerospace's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magellan Aerospace's price. Additionally, you may evaluate how the addition of Magellan Aerospace to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Magellan Aerospace's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magellan Aerospace is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magellan Aerospace's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.