MagneGas Corporation Company Profile (NASDAQ:MNGA)

About MagneGas Corporation (NASDAQ:MNGA)

MagneGas Corporation logoMagneGas 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: Hydrogen Fuel
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MNGA
  • CUSIP: N/A
  • Web: www.magnegas.com
Capitalization:
  • Market Cap: $7.19 million
  • Outstanding Shares: 12,173,000
Average Prices:
  • 50 Day Moving Avg: $0.55
  • 200 Day Moving Avg: $2.06
  • 52 Week Range: $0.40 - $8.70
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: 0.000
Sales & Book Value:
  • Annual Revenue: $3.89 million
  • Price / Sales: 1.82
  • Book Value: $0.93 per share
  • Price / Book: 0.63
Profitability:
  • EBIDTA: ($10,340,000.00)
  • Net Margins: -380.40%
  • Return on Equity: -263.36%
  • Return on Assets: -116.18%
Debt:
  • Debt-to-Equity Ratio: 0.07%
  • Current Ratio: 0.86%
  • Quick Ratio: 0.28%
Misc:
  • Average Volume: 564,056 shs.
  • Beta: -0.36
  • Short Ratio: 0.68
 

Frequently Asked Questions for MagneGas Corporation (NASDAQ:MNGA)

What is MagneGas Corporation's stock symbol?

MagneGas Corporation trades on the NASDAQ under the ticker symbol "MNGA."

When did MagneGas Corporation's stock split? How did MagneGas Corporation's stock split work?

MagneGas Corporation shares reverse split 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 market closes on Friday, May 19th 2017. An investor that had 100 shares of MagneGas Corporation stock prior to the reverse split would have 10 shares after the split.

How were MagneGas Corporation's earnings last quarter?

MagneGas Corporation (NASDAQ:MNGA) posted its quarterly earnings data on Monday, May, 15th. The company reported ($0.30) EPS for the quarter. The firm earned $0.87 million during the quarter. MagneGas Corporation had a negative return on equity of 263.36% and a negative net margin of 380.40%. View MagneGas Corporation's Earnings History.

When will MagneGas Corporation make its next earnings announcement?

MagneGas Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 13th 2017. View Earnings Estimates for MagneGas Corporation.

Where is MagneGas Corporation's stock going? Where will MagneGas Corporation's stock price be in 2017?

1 equities research analysts have issued 12 month price objectives for MagneGas Corporation's shares. Their predictions range from $30.00 to $30.00. On average, they anticipate MagneGas Corporation's stock price to reach $30.00 in the next twelve months. View Analyst Ratings for MagneGas Corporation.

Are investors shorting MagneGas Corporation?

MagneGas Corporation saw a decline in short interest in August. As of August 31st, there was short interest totalling 378,948 shares, a decline of 41.6% from the August 15th total of 648,363 shares. Based on an average daily volume of 1,206,492 shares, the short-interest ratio is currently 0.3 days. Approximately 3.4% of the company's shares are short sold.

Who are some of MagneGas Corporation's key competitors?

Who are MagneGas Corporation's key executives?

MagneGas Corporation's management team includes the folowing people:

  • Robert L. Dingess, Independent Interim Chairman of the Board
  • Ermanno P. Santilli, Chief Executive Officer, Director
  • Scott Mahoney, Chief Financial Officer, Secretary
  • Luisa Ingargiola, Director
  • Carla Santilli, Director
  • Christopher B. Huntington, Independent Director
  • Kevin A. Pollack, Independent Director
  • William W. Staunton III, Independent Director

Who owns MagneGas Corporation stock?

MagneGas Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Virtu KCG Holdings LLC (1.85%) and Vanguard Group Inc. (1.82%). Company insiders that own MagneGas Corporation 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 Corporation.

Who sold MagneGas Corporation stock? Who is selling MagneGas Corporation stock?

MagneGas Corporation's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc.. Company insiders that have sold MagneGas Corporation stock in the last year include Carla Santilli and Christopher Huntington. View Insider Buying and Selling for MagneGas Corporation.

Who bought MagneGas Corporation stock? Who is buying MagneGas Corporation stock?

MagneGas Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Virtu KCG Holdings LLC. Company insiders that have bought MagneGas Corporation 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 Corporation.

How do I buy MagneGas Corporation stock?

Shares of MagneGas Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is MagneGas Corporation's stock price today?

One share of MagneGas Corporation stock can currently be purchased for approximately $0.58.


MarketBeat Community Rating for MagneGas Corporation (NASDAQ MNGA)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  56 (Vote Outperform)
Underperform Votes:  78 (Vote Underperform)
Total Votes:  134
MarketBeat's community ratings are surveys of what our community members think about MagneGas Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for MagneGas Corporation (NASDAQ:MNGA) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Buy Rating
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $30.00 (5,063.51% upside)

Analysts' Ratings History for MagneGas Corporation (NASDAQ:MNGA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
1/7/2017Rodman & RenshawReiterated RatingBuy$30.00N/AView Rating Details
4/13/2016HC WainwrightReiterated RatingBuyN/AView Rating Details
(Data available from 9/25/2015 forward)

Earnings

Earnings History for MagneGas Corporation (NASDAQ:MNGA)
Earnings by Quarter for MagneGas Corporation (NASDAQ:MNGA)
Earnings History by Quarter for MagneGas Corporation (NASDAQ MNGA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/13/2017N/AView Earnings Details
5/15/2017Q1 2017($0.30)$0.87 millionViewN/AView Earnings Details
11/14/2016Q3 2016($0.50)($0.80)$0.76 million$1.04 millionViewN/AView Earnings Details
5/16/2016Q1($0.60)($0.40)$0.70 million$0.67 millionViewN/AView Earnings Details
11/10/2015Q315($0.50)$0.62 millionViewN/AView Earnings Details
8/10/2015Q215($0.10)($0.50)$0.58 millionViewListenView Earnings Details
5/13/2015Q115($0.60)$191.60 million$545.65 millionViewN/AView Earnings Details
11/10/2014Q314($0.60)$125.40 million$146.40 millionViewN/AView Earnings Details
5/12/2014Q114($0.50)$0.13 million$0.19 millionViewN/AView Earnings Details
8/14/2013Q2 2013($0.70)$188.97 million$133.48 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for MagneGas Corporation (NASDAQ:MNGA)

No earnings estimates for this company have been tracked by MarketBeat.com

Dividends

Dividend History for MagneGas Corporation (NASDAQ:MNGA)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for MagneGas Corporation (NASDAQ:MNGA)
Insider Ownership Percentage: 10.00%
Institutional Ownership Percentage: 2.39%
Insider Trades by Quarter for MagneGas Corporation (NASDAQ:MNGA)
Insider Trades by Quarter for MagneGas Corporation (NASDAQ:MNGA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/19/2017Christopher HuntingtonDirectorSell9,000$0.62$5,580.00View SEC Filing  
2/1/2017Carla SantilliDirectorSell34,000$0.54$18,360.00View SEC Filing  
12/31/2016Carla SantilliDirectorSell20,000$1.64$32,800.00View SEC Filing  
12/29/2016Carla SantilliDirectorSell25,000$1.64$41,000.00View SEC Filing  
12/28/2016Carla SantilliDirectorSell10,000$1.66$16,600.00View SEC Filing  
12/20/2016Joe C StoneDirectorBuy42,000$0.48$20,160.00View SEC Filing  
12/15/2016Christopher HuntingtonDirectorBuy20,000$0.44$8,800.00View SEC Filing  
12/7/2016Robert L DingessDirectorBuy20,500$0.49$10,045.00View SEC Filing  
12/6/2016William W Staunton IIIDirectorBuy41,119$0.48$19,737.12View SEC Filing  
12/1/2016Robert L DingessDirectorBuy22,000$0.46$10,120.00View SEC Filing  
11/28/2016Ermanno SantilliCEOBuy31,650$0.47$14,875.50View SEC Filing  
10/21/2016Carla SantilliDirectorSell37,011$0.79$29,238.69View SEC Filing  
10/19/2016Carla SantilliDirectorSell60,000$0.69$41,400.00View SEC Filing  
9/22/2016Carla SantilliDirectorSell166,780$0.69$115,078.20View SEC Filing  
9/12/2016Carla SantilliCEOSell26,330$0.63$16,587.90View SEC Filing  
9/8/2016Carla SantilliDirectorSell38,000$0.63$23,940.00View SEC Filing  
8/22/2016Carla SantilliDirectorSell59,900$0.61$36,539.00View SEC Filing  
8/17/2016Carla SantilliDirectorSell125,231$0.62$77,643.22View SEC Filing  
8/16/2016Carla SantilliDirectorSell20,100$0.61$12,261.00View SEC Filing  
8/15/2016Carla SantilliDirectorSell85,131$0.63$53,632.53View SEC Filing  
5/10/2016Carla SantilliDirectorSell22,900$1.02$23,358.00View SEC Filing  
5/3/2016Carla SantilliDirectorSell26,267$1.03$27,055.01View SEC Filing  
4/25/2016Carla SantilliDirectorSell47,316$1.06$50,154.96View SEC Filing  
4/21/2016Carla SantilliDirectorSell50,100$1.07$53,607.00View SEC Filing  
4/15/2016Carla SantilliDirectorSell50,000$1.09$54,500.00View SEC Filing  
4/8/2016Carla SantilliDirectorSell57,760$1.03$59,492.80View SEC Filing  
1/28/2016Carla SantilliDirectorSell119,885$1.22$146,259.70View SEC Filing  
1/28/2016Luisa IngargiolaCFOSell103,426$1.25$129,282.50View SEC Filing  
1/20/2016Carla SantilliDirectorSell35,115$1.23$43,191.45View SEC Filing  
1/14/2016Carla SantilliDirectorSell50,000$1.37$68,500.00View SEC Filing  
1/12/2016Carla SantilliDirectorSell155,000$1.57$243,350.00View SEC Filing  
1/7/2016Carla SantilliDirectorSell25,000$1.61$40,250.00View SEC Filing  
1/6/2016Carla SantilliDirectorSell25,000$1.57$39,250.00View SEC Filing  
1/5/2016Carla SantilliDirectorSell25,000$1.58$39,500.00View SEC Filing  
7/10/2015Carla SantilliDirectorSell10,000$1.10$11,000.00View SEC Filing  
7/9/2015Carla SantilliDirectorSell10,000$1.08$10,800.00View SEC Filing  
4/14/2015Christopher HuntingtonDirectorSell1,000$0.78$780.00View SEC Filing  
4/10/2015Carla SantilliDirectorSell39,895$0.79$31,517.05View SEC Filing  
4/7/2015Carla SantilliDirectorSell10,000$0.79$7,900.00View SEC Filing  
4/6/2015Carla SantilliDirectorSell21,100$0.79$16,669.00View SEC Filing  
3/27/2015Carla SantilliDirectorSell30,000$0.81$24,300.00View SEC Filing  
4/9/2013Ermanno SantilliCEOBuy2,400$0.98$2,352.00View SEC Filing  
11/19/2012Luisa IngargiolaCFOBuy5,000$1.97$9,850.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for MagneGas Corporation (NASDAQ:MNGA)
Latest Headlines for MagneGas Corporation (NASDAQ:MNGA)
Source:
DateHeadline
streetinsider.com logoForm 8-K MAGNEGAS CORP For: Sep 22 - StreetInsider.com
www.streetinsider.com - September 23 at 8:17 AM
finance.yahoo.com logoMagneGas to Present at the 2017 Disruptive Growth Company Showcase NYC Presented by SeeThruEquity and RHK Capital
finance.yahoo.com - September 23 at 8:17 AM
finance.yahoo.com logoMagneGas Featured in September Issue of Gasworld as Value Proposition Grows
finance.yahoo.com - September 18 at 11:03 PM
americanbankingnews.com logoShort Interest in MagneGas Corporation (MNGA) Decreases By 41.6%
www.americanbankingnews.com - September 16 at 1:20 AM
finance.yahoo.com logoMagneGas Reports No Damages From Hurricane Irma and Gears up to Support the Cleanup and Rebuilding Efforts
finance.yahoo.com - September 13 at 6:40 AM
americanbankingnews.com logoMagneGas Corporation (MNGA) Upgraded to "Sell" by ValuEngine
www.americanbankingnews.com - September 12 at 11:16 PM
finance.yahoo.com logoMagneGas to Present at the 19th Annual Rodman & Renshaw Global Investment Conference in New York City
finance.yahoo.com - September 7 at 5:50 AM
finance.yahoo.com logoETFs with exposure to MagneGas Corp. : August 31, 2017
finance.yahoo.com - September 1 at 5:47 AM
finance.yahoo.com logoMagneGas Corp. :MNGA-US: Earnings Analysis: Q2, 2017 By the Numbers : August 25, 2017
finance.yahoo.com - August 26 at 7:11 AM
seekingalpha.com logoMagneGas' (MNGA) CEO Ermanno Santilli on Q2 2017 Results - Earnings Call Transcript
seekingalpha.com - August 19 at 2:20 AM
finance.yahoo.com logoMagneGas Reports Preliminary Financial Results and Business Update for the Second Quarter of 2017
finance.yahoo.com - August 19 at 2:20 AM
finance.yahoo.com logoInvestor Network: MagneGas Corporation to Host Earnings Call
finance.yahoo.com - August 19 at 2:20 AM
finance.yahoo.com logo3 Trending Stocks To Watch On Friday Pre-Market
finance.yahoo.com - August 19 at 2:20 AM
prnewswire.com logoMagneGas Schedules Second Quarter 2017 Business Update Conference Call - PR Newswire (press release)
www.prnewswire.com - August 17 at 3:59 AM
finance.yahoo.com logoMagneGas Schedules Second Quarter 2017 Business Update Conference Call
finance.yahoo.com - August 17 at 3:59 AM
americanbankingnews.com logoMagneGas Corporation (NASDAQ:MNGA) Scheduled to Post Earnings on Monday
www.americanbankingnews.com - August 11 at 8:32 PM
streetinsider.com logoMagneGas (MNGA) Files for US Department of Energy Grant and Submits Patent Application - StreetInsider.com
www.streetinsider.com - August 10 at 5:39 AM
finance.yahoo.com logoMagneGas Announces U.S. Department of Energy Grant Application; Company Submits Next-Generation Gasification Unit Provisional Patent Application
finance.yahoo.com - August 10 at 5:39 AM
finance.yahoo.com logoMagneGas Announces Significant Continued Improvement in MagneGas2 Production from Butanol Feedstock
finance.yahoo.com - July 31 at 8:25 PM
seekingalpha.com logoMagneGas details financing transaction - Seeking Alpha
seekingalpha.com - July 28 at 9:26 PM
finance.yahoo.com logoMagneGas Announces Financing Transaction
finance.yahoo.com - July 28 at 5:14 AM
finance.yahoo.com logoMagneGas Corp Receives First Order for Wastewater Treatment Following Years of Application Development
finance.yahoo.com - July 28 at 5:14 AM
finance.yahoo.com logoUS Patent and Trademark Office Issues MagneGas Corporation Ground Breaking Patent
finance.yahoo.com - July 27 at 4:24 AM
seekingalpha.com logoMagneGas Could Revolutionize The Welding Industry
seekingalpha.com - July 11 at 2:12 AM
prnewswire.com logoMagneGas Expands Industrial Gas & Welding Supply Business ... - PR Newswire (press release)
www.prnewswire.com - June 20 at 7:37 PM
finance.yahoo.com logoMagneGas Expands Industrial Gas & Welding Supply Business Executive Sales Team with Appointment of Senior Supply Chain Industry Executive
finance.yahoo.com - June 20 at 7:37 PM
finance.yahoo.com logoMagneGas Awarded a $432,000 USDA Grant to Commercialize Sterilization Technology
finance.yahoo.com - June 13 at 6:45 PM
streetinsider.com logoMagneGas (MNGA) Receives $25M from Convertible Preferred Financing - StreetInsider.com
www.streetinsider.com - June 13 at 6:05 AM
finance.yahoo.com logoMagneGas Announces $25 Million Convertible Preferred Financing
finance.yahoo.com - June 12 at 9:17 AM
prnewswire.com logoMagneGas to Present at the 2017 Marcum Microcap Conference - PR Newswire (press release)
www.prnewswire.com - June 10 at 9:37 AM
finance.yahoo.com logoMagneGas to Present at the 2017 Marcum Microcap Conference
finance.yahoo.com - June 9 at 8:49 AM
streetinsider.com logoMagneGas (MNGA) Announces Compliance With NASDAQ Minimum Bid Price Requirement - StreetInsider.com
www.streetinsider.com - June 7 at 9:05 AM
finance.yahoo.com logoMagneGas Regains Compliance With NASDAQ Minimum Bid Price Requirement
finance.yahoo.com - June 7 at 9:05 AM
finance.yahoo.com logoETFs with exposure to MagneGas Corp. : June 6, 2017
finance.yahoo.com - June 6 at 7:17 PM
americanbankingnews.com logoValuEngine Downgrades MagneGas Co. (MNGA) to Sell
www.americanbankingnews.com - June 4 at 7:43 AM
prnewswire.com logoMagneGas Expands Product Offering - PR Newswire - PR Newswire (press release)
www.prnewswire.com - June 2 at 5:29 AM
finance.yahoo.com logoMagneGas Expands Product Offering
finance.yahoo.com - May 31 at 6:57 PM
finance.yahoo.com logoMagneGas Updates Client Growth Success
finance.yahoo.com - May 26 at 7:24 PM
finance.yahoo.com logoETFs with exposure to MagneGas Corp. : May 25, 2017
finance.yahoo.com - May 26 at 4:14 AM
finance.yahoo.com logoMagneGas Announces New Feedstock Improvements Resulting in Approximately a 60% Production Rate Increase and a Cost Reduction of Approximately 49%
finance.yahoo.com - May 24 at 10:40 AM
finance.yahoo.com logoMagneGas Corp. :MNGA-US: Earnings Analysis: Q1, 2017 By the Numbers : May 24, 2017
finance.yahoo.com - May 24 at 10:40 AM
americanbankingnews.com logoMagneGas Co. (MNGA) Upgraded to Hold by ValuEngine
www.americanbankingnews.com - May 23 at 3:08 PM
finance.yahoo.com logoMagneGas Updates Florida Expansion Success
finance.yahoo.com - May 22 at 10:06 AM
streetinsider.com logoMagneGas (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
finance.yahoo.com logoMagneGas Announces Reverse Stock Split
finance.yahoo.com - May 19 at 7:01 PM
seekingalpha.com logoMagneGas' (MNGA) CEO Ermanno Santilli on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 16 at 6:23 PM
americanbankingnews.com logoMagneGas Co. (MNGA) Issues Quarterly Earnings Results
www.americanbankingnews.com - May 16 at 5:28 PM
finance.yahoo.com logoMagneGas Reports 31% Increase in Revenue for the First Quarter of 2017
finance.yahoo.com - May 15 at 10:23 AM
streetinsider.com logoMagneGas (MNGA) $1M Bridge Financing, Warrant Exchange - StreetInsider.com
www.streetinsider.com - May 10 at 6:41 PM
finance.yahoo.com logoMagneGas Announces $1 Million Bridge Financing and Warrant Exchange to Improve Capitalization Structure
finance.yahoo.com - May 10 at 12:20 PM

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Chart

MagneGas Corporation (MNGA) Chart for Monday, September, 25, 2017

This page was last updated on 9/25/2017 by MarketBeat.com Staff