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: 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?
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?
Some companies that are related to MagneGas Corporation include CounterPath Corporation (CPAH), Dextera Surgical (DXTR), Galena Biopharma (GALE), Cytori Therapeutics (CYTX), CRITICAL OUTCOME T COM NPV(POST REV SPLIT) (COTQF), Social Reality (SRAX), Celsion Corporation (CLSN), Staffing 360 Solutions (STAF), Lombard Medical (EVAR), RXi Pharmaceuticals Corporation (RXII), Gevo (GEVO), Bridgeline Digital (BLIN), Metabolix (YTEN), DelMar Pharmaceuticals (DMPI), Superconductor Technologies (SCON), Dynatronics Corporation (DYNT), Mateon Therapeutics (MATN) and Repros Therapeutics (RPRX).
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)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.
Consensus Ratings for MagneGas Corporation (NASDAQ:MNGA) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| 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:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 1/7/2017 | Rodman & Renshaw | Reiterated Rating | Buy | $30.00 | N/A |  |
| 4/13/2016 | HC Wainwright | Reiterated Rating | Buy | | N/A | |
(Data available from 9/25/2015 forward)
Earnings History for MagneGas Corporation (NASDAQ:MNGA)Earnings History by Quarter for MagneGas Corporation (NASDAQ MNGA)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/13/2017 | | | | | | | N/A | |
| 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 Corporation (NASDAQ:MNGA)No earnings estimates for this company have been tracked by MarketBeat.com
Dividend History for MagneGas Corporation (NASDAQ:MNGA)
No dividend announcements for this company have been tracked by MarketBeat.com
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 9/19/2017 | Christopher Huntington | Director | Sell | 9,000 | $0.62 | $5,580.00 | |
| 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 Corporation (NASDAQ:MNGA)
Latest Headlines for MagneGas Corporation (NASDAQ:MNGA)
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MagneGas Corporation (MNGA) Chart for Monday, September, 25, 2017
