MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions. The Company also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste (the Plasma Arc Flow System). Its products include the fuel called MagneGas2 for the metal working industry, the equipment primarily known in the firefighting industry, known as MagneTote, and the machines that produce MagneGas2, known as Plasma Arc Flow refineries. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI), a Florida corporation. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania.
Industry, Sector and Symbol:
- Sector: Industrial Products
- Industry: Major Integrated Oil & Gas
- Sub-Industry: N/A
- Symbol: NASDAQ:MNGA
- CUSIP: N/A
- Web: www.magnegas.com
Capitalization:- Market Cap: $110.85 million
- Outstanding Shares: 59,597,000
Average Prices:- 50 Day Moving Avg: $3.01
- 200 Day Moving Avg: $4.46
- 52 Week Range: $1.80 - $9.20
P/E:- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -15.50
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $3.76 million
- Price / Sales: 29.48
- Book Value: $0.05 per share
- Price / Book: 37.20
Profitability:- EBIDTA: ($9,550,000.00)
- Net Margins: -417.93%
- Return on Equity: -99.78%
- Return on Assets: -70.24%
Debt:- Debt-to-Equity Ratio: 0.08%
- Current Ratio: 0.74%
- Quick Ratio: 0.36%
Misc:- Average Volume: 45,190 shs.
- Beta: -0.24
- Short Ratio: 12.3
Frequently Asked Questions for MagneGas (NASDAQ:MNGA)
What is MagneGas' stock symbol?
MagneGas trades on the NASDAQ under the ticker symbol "MNGA."
When did MagneGas' stock split? How did MagneGas' stock split work?
MagneGas shares reverse split before market open on Monday, May 22nd 2017. The 1-10 reverse split was announced on Friday, May 19th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, May 19th 2017. An investor that had 100 shares of MagneGas stock prior to the reverse split would have 10 shares after the split.
How were MagneGas' earnings last quarter?
MagneGas Co. (NASDAQ:MNGA) announced its quarterly earnings data on Monday, May, 15th. The company reported ($0.30) earnings per share for the quarter. The business earned $0.87 million during the quarter. MagneGas had a negative net margin of 417.93% and a negative return on equity of 99.78%. View MagneGas' Earnings History.
Where is MagneGas' stock going? Where will MagneGas' stock price be in 2017?
2 analysts have issued 1 year target prices for MagneGas' stock. Their forecasts range from $30.00 to $30.00. On average, they anticipate MagneGas' share price to reach $30.00 in the next twelve months. View Analyst Ratings for MagneGas.
Who are some of MagneGas' key competitors?
Some companies that are related to MagneGas include Codexis (CDXS), Graham (GHM), Advanced Emissions Solutions (ADES), Ampco-Pittsburgh Corp (AP), Dmc Global (BOOM), UFP Technologies (UFPT), Twin Disc, Incorporated (TWIN), Lawson Products (LAWS), Napco Security Technologies (NSSC), Ascent Capital Group (ASCMA), ARC Document Solutions (ARC), Neff Corp (NEFF), Northwest Pipe Company (NWPX), Manitex International (MNTX), Houston Wire & Cable Company (HWCC), Synalloy (SYNL), Pointer Telocation Ltd (PNTR) and Broadwind Energy (BWEN).
Who owns MagneGas stock?
MagneGas' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (2.07%). Company insiders that own MagneGas stock include Carla Santilli, Christopher Huntington, Ermanno Santilli, Joe C Stone, Luisa Ingargiola, Robert L Dingess and William W Staunton III. View Institutional Ownership Trends for MagneGas.
Who bought MagneGas stock? Who is buying MagneGas stock?
MagneGas' stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc.. Company insiders that have bought MagneGas stock in the last two years include Christopher Huntington, Ermanno Santilli, Joe C Stone, Robert L Dingess and William W Staunton III. View Insider Buying and Selling for MagneGas.
How do I buy MagneGas stock?
Shares of MagneGas can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of MagneGas stock cost?
One share of MagneGas stock can currently be purchased for approximately $1.86.
Earnings History for MagneGas (NASDAQ:MNGA)Earnings History by Quarter for MagneGas (NASDAQ:MNGA)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/15/2017 | Q1 2017 | | ($0.30) | | $0.87 million | View | N/A |  |
| 11/14/2016 | Q3 2016 | ($0.50) | ($0.80) | $0.76 million | $1.04 million | View | N/A | |
| 5/16/2016 | Q1 | ($0.60) | ($0.40) | $0.70 million | $0.67 million | View | N/A | |
| 11/10/2015 | Q315 | | ($0.50) | | $0.62 million | View | N/A | |
| 8/10/2015 | Q215 | ($0.10) | ($0.50) | | $0.58 million | View | Listen | |
| 5/13/2015 | Q115 | | ($0.60) | $191.60 million | $545.65 million | View | N/A | |
| 11/10/2014 | Q314 | | ($0.60) | $125.40 million | $146.40 million | View | N/A | |
| 5/12/2014 | Q114 | | ($0.50) | $0.13 million | $0.19 million | View | N/A | |
| 8/14/2013 | Q2 2013 | | ($0.70) | $188.97 million | $133.48 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for MagneGas (NASDAQ:MNGA)Current Year EPS Consensus Estimate: $-0.12 EPS
Next Year EPS Consensus Estimate: $-0.12 EPS
Dividend History for MagneGas (NASDAQ:MNGA)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for MagneGas (NASDAQ:MNGA)Insider Ownership Percentage: 13.50%
Institutional Ownership Percentage: 3.42%
Insider Trades by Quarter for MagneGas (NASDAQ:MNGA)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 2/1/2017 | Carla Santilli | Director | Sell | 34,000 | $0.54 | $18,360.00 | |
| 12/31/2016 | Carla Santilli | Director | Sell | 20,000 | $1.64 | $32,800.00 | |
| 12/29/2016 | Carla Santilli | Director | Sell | 25,000 | $1.64 | $41,000.00 | |
| 12/28/2016 | Carla Santilli | Director | Sell | 10,000 | $1.66 | $16,600.00 | |
| 12/20/2016 | Joe C Stone | Director | Buy | 42,000 | $0.48 | $20,160.00 | |
| 12/15/2016 | Christopher Huntington | Director | Buy | 20,000 | $0.44 | $8,800.00 | |
| 12/7/2016 | Robert L Dingess | Director | Buy | 20,500 | $0.49 | $10,045.00 | |
| 12/6/2016 | William W Staunton III | Director | Buy | 41,119 | $0.48 | $19,737.12 | |
| 12/1/2016 | Robert L Dingess | Director | Buy | 22,000 | $0.46 | $10,120.00 | |
| 11/28/2016 | Ermanno Santilli | CEO | Buy | 31,650 | $0.47 | $14,875.50 | |
| 10/21/2016 | Carla Santilli | Director | Sell | 37,011 | $0.79 | $29,238.69 | |
| 10/19/2016 | Carla Santilli | Director | Sell | 60,000 | $0.69 | $41,400.00 | |
| 9/22/2016 | Carla Santilli | Director | Sell | 166,780 | $0.69 | $115,078.20 | |
| 9/12/2016 | Carla Santilli | CEO | Sell | 26,330 | $0.63 | $16,587.90 | |
| 9/8/2016 | Carla Santilli | Director | Sell | 38,000 | $0.63 | $23,940.00 | |
| 8/22/2016 | Carla Santilli | Director | Sell | 59,900 | $0.61 | $36,539.00 | |
| 8/17/2016 | Carla Santilli | Director | Sell | 125,231 | $0.62 | $77,643.22 | |
| 8/16/2016 | Carla Santilli | Director | Sell | 20,100 | $0.61 | $12,261.00 | |
| 8/15/2016 | Carla Santilli | Director | Sell | 85,131 | $0.63 | $53,632.53 | |
| 5/10/2016 | Carla Santilli | Director | Sell | 22,900 | $1.02 | $23,358.00 | |
| 5/3/2016 | Carla Santilli | Director | Sell | 26,267 | $1.03 | $27,055.01 | |
| 4/25/2016 | Carla Santilli | Director | Sell | 47,316 | $1.06 | $50,154.96 | |
| 4/21/2016 | Carla Santilli | Director | Sell | 50,100 | $1.07 | $53,607.00 | |
| 4/15/2016 | Carla Santilli | Director | Sell | 50,000 | $1.09 | $54,500.00 | |
| 4/8/2016 | Carla Santilli | Director | Sell | 57,760 | $1.03 | $59,492.80 | |
| 1/28/2016 | Carla Santilli | Director | Sell | 119,885 | $1.22 | $146,259.70 | |
| 1/28/2016 | Luisa Ingargiola | CFO | Sell | 103,426 | $1.25 | $129,282.50 | |
| 1/20/2016 | Carla Santilli | Director | Sell | 35,115 | $1.23 | $43,191.45 | |
| 1/14/2016 | Carla Santilli | Director | Sell | 50,000 | $1.37 | $68,500.00 | |
| 1/12/2016 | Carla Santilli | Director | Sell | 155,000 | $1.57 | $243,350.00 | |
| 1/7/2016 | Carla Santilli | Director | Sell | 25,000 | $1.61 | $40,250.00 | |
| 1/6/2016 | Carla Santilli | Director | Sell | 25,000 | $1.57 | $39,250.00 | |
| 1/5/2016 | Carla Santilli | Director | Sell | 25,000 | $1.58 | $39,500.00 | |
| 7/10/2015 | Carla Santilli | Director | Sell | 10,000 | $1.10 | $11,000.00 | |
| 7/9/2015 | Carla Santilli | Director | Sell | 10,000 | $1.08 | $10,800.00 | |
| 4/14/2015 | Christopher Huntington | Director | Sell | 1,000 | $0.78 | $780.00 | |
| 4/10/2015 | Carla Santilli | Director | Sell | 39,895 | $0.79 | $31,517.05 | |
| 4/7/2015 | Carla Santilli | Director | Sell | 10,000 | $0.79 | $7,900.00 | |
| 4/6/2015 | Carla Santilli | Director | Sell | 21,100 | $0.79 | $16,669.00 | |
| 3/27/2015 | Carla Santilli | Director | Sell | 30,000 | $0.81 | $24,300.00 | |
| 4/9/2013 | Ermanno Santilli | CEO | Buy | 2,400 | $0.98 | $2,352.00 | |
| 11/19/2012 | Luisa Ingargiola | CFO | Buy | 5,000 | $1.97 | $9,850.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for MagneGas (NASDAQ:MNGA)
Latest Headlines for MagneGas (NASDAQ:MNGA)
| Source: |
|
| Date | Headline |
|---|
 | MagneGas Co. (MNGA) Upgraded to Hold by ValuEngine
www.americanbankingnews.com - May 23 at 3:08 PM |
 | MagneGas Updates Florida Expansion Success
finance.yahoo.com - May 22 at 10:06 AM |
 | MagneGas (MNGA) Says 1-for-10 Reverse Stock Split Will Be Effective as of 5:00 p.m. ET - StreetInsider.com
www.streetinsider.com - May 20 at 11:16 PM |
| MagneGas Announces Reverse Stock Split
finance.yahoo.com - May 19 at 7:01 PM |
 | MagneGas' (MNGA) CEO Ermanno Santilli on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 16 at 6:23 PM |
| MagneGas Co. (MNGA) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 16 at 5:28 PM |
| MagneGas Reports 31% Increase in Revenue for the First Quarter of 2017
finance.yahoo.com - May 15 at 10:23 AM |
| MagneGas (MNGA) $1M Bridge Financing, Warrant Exchange - StreetInsider.com
www.streetinsider.com - May 10 at 6:41 PM |
| MagneGas Announces $1 Million Bridge Financing and Warrant Exchange to Improve Capitalization Structure
finance.yahoo.com - May 10 at 12:20 PM |
| MagneGas (MNGA) Given Daily News Impact Score of 0.17
www.americanbankingnews.com - May 4 at 11:17 AM |
| ETFs with exposure to MagneGas Corp. : May 1, 2017
finance.yahoo.com - May 1 at 5:36 PM |
| Favorable News Coverage Extremely Likely to Affect MagneGas (MNGA) Stock Price
www.americanbankingnews.com - April 29 at 11:59 AM |
| MagneGas Invited to Present at Two Distributor Trade Shows - Yahoo Finance
finance.yahoo.com - April 29 at 12:33 AM |
| MagneGas Invited to Present at Two Distributor Trade Shows
finance.yahoo.com - April 28 at 9:13 AM |
| MagneGas C.F.O. Interviewed by Cheddar On Demand Video News Network - Yahoo Finance
finance.yahoo.com - April 27 at 7:09 PM |
| MagneGas C.F.O. Interviewed by Cheddar On Demand Video News Network
finance.yahoo.com - April 27 at 7:09 PM |
| MagneGas (MNGA) Getting Somewhat Favorable Media Coverage, AlphaOne Reports
www.americanbankingnews.com - April 22 at 8:06 AM |
| MagneGas Appoints Jack Armstrong as President of MagneGas Welding Supply, LLC - Yahoo Finance
finance.yahoo.com - April 21 at 6:27 PM |
| MagneGas Appoints Jack Armstrong as President of MagneGas Welding Supply, LLC
finance.yahoo.com - April 21 at 9:54 AM |
 | MagneGas Announces the Formation of MagneGas Welding Supply, LLC - PR Newswire (press release)
www.prnewswire.com - April 20 at 6:39 PM |
| ETFs with exposure to MagneGas Corp. : April 19, 2017
finance.yahoo.com - April 19 at 6:40 PM |
| MagneGas Announces the Formation of MagneGas Welding Supply, LLC - Yahoo Finance
finance.yahoo.com - April 18 at 5:59 PM |
| MagneGas Announces the Formation of MagneGas Welding Supply, LLC
finance.yahoo.com - April 18 at 10:22 AM |
| MagneGas (MNGA) Earns Daily Media Sentiment Score of 0.22
www.americanbankingnews.com - April 13 at 8:38 PM |
| MagneGas Chosen to Provide Gases and Welding Supplies for the Orlando City Soccer Stadium - PR Newswire (press release)
www.prnewswire.com - April 12 at 6:55 AM |
| MagneGas Chosen to Provide Gases and Welding Supplies for the Orlando City Soccer Stadium
finance.yahoo.com - April 10 at 10:25 AM |
| ETFs with exposure to MagneGas Corp. : April 7, 2017
finance.yahoo.com - April 7 at 7:03 PM |
| MagneGas Corp. :MNGA-US: Earnings Analysis: Q4, 2016 By the Numbers : April 5, 2017
finance.yahoo.com - April 7 at 11:15 AM |
| MagneGas' (MNGA) CEO Ermanno Santilli on Q4 2016 Results - Earnings Call Transcript - Seeking Alpha
seekingalpha.com - April 3 at 10:54 PM |
| MagneGas Reports 50% Increase in Revenue for the Fourth Quarter of 2016
finance.yahoo.com - April 3 at 10:13 AM |
| MagneGas Schedules 2016 Year-End Earnings Conference Call
finance.yahoo.com - March 31 at 6:42 PM |
| MAGNEGAS CORP Files SEC form 10-K, Annual Report
biz.yahoo.com - March 31 at 6:42 PM |
 | Blog Coverage Chevron Sells SA Assets to Sinopec; Redefines Growth Strategy - Baystreet.ca
www.baystreet.ca - March 24 at 8:08 AM |
| Blog Coverage Chevron Sells SA Assets to Sinopec; Redefines ... - Yahoo Finance
finance.yahoo.com - March 23 at 7:07 PM |
| MagneGas Gasification System Begins Operation at Gulf Coast Industrial Gas Company
finance.yahoo.com - March 8 at 10:01 AM |
| MagneGas2® Selected for Long Island Railroad Brooklyn Accident Repairs
finance.yahoo.com - February 14 at 8:09 PM |
 | MagneGas Stock Could Move Upward Soon (MNGA) - Investopedia
www.investopedia.com - February 13 at 7:43 PM |
| MagneGas Base Looking Positive
www.investopedia.com - February 13 at 7:43 PM |
| MagneGas Selected to Present at CleanEquity Monaco 2017 - The 10th Anniversary - Hosted by Innovator Capital
finance.yahoo.com - February 6 at 9:50 AM |
| MagneGas Engages the Ashcroft Law Firm, LLC
finance.yahoo.com - February 2 at 7:25 PM |
| 7:41 am Magnegas has engaged The Ashcroft Law Firm 'to investigate potential misconduct by third-parties that could involve illegal short-selling and manipulation' of its stock
finance.yahoo.com - February 2 at 7:25 PM |
| Purcell Julie & Lefkowitz LLP Is Investigating MagneGas Corporation for Potential Breaches Of Fiduciary Duty By Its Board of Directors
finance.yahoo.com - February 1 at 7:26 PM |
| MagneGas Plans Additional Expansion in Florida
finance.yahoo.com - January 31 at 7:30 PM |
| MagneGas expands into Indiana market
seekingalpha.com - January 24 at 7:20 PM |
| MagneGas Expands Into Indiana Market to Support Growing Market Demand for MagneGas 2®
finance.yahoo.com - January 24 at 7:20 PM |
| MagneGas Expands Into Commercial CO2 Market
finance.yahoo.com - January 18 at 7:06 PM |
| MagneGas Distribution Deal Could Boost Revenues
www.investopedia.com - January 14 at 6:40 PM |
| MagneGas Receives Final Progress Payment from Gasification System Sale to Gulf Coast Industrial Gas Company
finance.yahoo.com - January 12 at 7:06 PM |
| MagneGas (MNGA) Reports Prelim. FY16 Revenue of $3.35M
www.streetinsider.com - January 10 at 7:28 PM |
| MagneGas Preliminary 2016 Annual Revenue $3.35 Million
finance.yahoo.com - January 10 at 7:28 PM |
MagneGas (MNGA) Chart for Wednesday, May, 24, 2017
