MagneGas Corporation, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. It offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene. The company also provides Plasma Arc Flow refineries, which are machines that produce MagneGas2. In addition, it sells and licenses the plasma arc technology for the processing of liquid waste. The company also distributes MagneGas2, as well as other gases and welding supplies through retail locations. MagneGas Corporation was founded in 2007 and is headquartered in Clearwater, Florida.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Special industry machinery, not elsewhere classified
Sub-IndustryN/A
SectorIndustrial Products
SymbolNASDAQ:MNGA
CUSIPN/A
Phone727-932-9593
Debt
Debt-to-Equity Ratio0.04
Current Ratio1.64
Quick Ratio1.07
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A
Sales & Book Value
Annual Sales$3.71 million
Price / Sales1.17
Cash FlowN/A
Price / CashN/A
Book Value$4.08 per share
Price / Book0.06
Profitability
EPS (Most Recent Fiscal Year)N/A
Net Income$-11,020,000.00
Net Margins-304.45%
Return on Equity-146.19%
Return on Assets-101.93%
Miscellaneous
Employees36
Outstanding Shares18,920,000
Market Cap$5.07 million
MagneGas (NASDAQ:MNGA) Frequently Asked Questions
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) issued its quarterly earnings results on Tuesday, August, 14th. The oil and gas company reported ($0.23) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.13) by $0.10. The oil and gas company had revenue of $2.91 million for the quarter, compared to analysts' expectations of $1.93 million. MagneGas had a negative net margin of 304.45% and a negative return on equity of 146.19%. View MagneGas' Earnings History.
When is MagneGas' next earnings date?
What price target have analysts set for MNGA?
1 equities research analysts have issued 1 year price targets for MagneGas' shares. Their forecasts range from $6.00 to $6.00. On average, they anticipate MagneGas' stock price to reach $6.00 in the next year. This suggests a possible upside of 2,522.4% from the stock's current price. View Analyst Price Targets for MagneGas.
What is the consensus analysts' recommendation for MagneGas?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for MagneGas in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for MagneGas.
Are investors shorting MagneGas?
MagneGas saw a increase in short interest in the month of July. As of July 13th, there was short interest totalling 1,883,076 shares, an increase of 721.3% from the June 29th total of 229,266 shares. Based on an average trading volume of 5,132,182 shares, the days-to-cover ratio is currently 0.4 days. Currently, 12.2% of the shares of the stock are sold short. View MagneGas' Current Options Chain.
Who are some of MagneGas' key competitors?
Some companies that are related to MagneGas include ASML (ASML), Lam Research (LRCX), WARTSILA OYJ/ADR (WRTBY), IHI Corp/ADR (IHICY), SUMITOMO HEAVY/ADR (SOHVY), ASM International (ASMIY), Bodycote (BYPLF), Brooks Automation (BRKS), Milacron (MCRN), Axcelis Technologies (ACLS), Veeco Instruments (VECO), Energy Recovery (ERII), Manitex International (MNTX), ACM Research (ACMR) and Intevac (IVAC).
Who are MagneGas' key executives?
MagneGas' management team includes the folowing people:
- Mr. Ermanno P. Santilli, CEO, Pres & Director (Age 49)
- Mr. Scott Mahoney, CFO, Sec. & Director (Age 43)
- Ms. Luisa Ingargiola, Exec. VP of Capital Markets & Capital Markets Advisor (Age 51)
- Mr. Jack Armstrong, Exec. VP of Strategic Alliances
- Mr. Richard Conz, VP of Engineering
Has MagneGas been receiving favorable news coverage?
News headlines about MNGA stock have been trending very positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MagneGas earned a news and rumor sentiment score of 0.52 on Accern's scale. They also gave news headlines about the oil and gas company an impact score of 48.56 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near term. View Recent Headlines for MagneGas.
How do I buy shares of MagneGas?
Shares of MNGA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is MagneGas' stock price today?
One share of MNGA stock can currently be purchased for approximately $0.2288.
How big of a company is MagneGas?
MagneGas has a market capitalization of $5.07 million and generates $3.71 million in revenue each year. MagneGas employs 36 workers across the globe.
How can I contact MagneGas?
MagneGas' mailing address is 11885 44 TH STREET NORTH, CLEARWATER FL, 33762. The oil and gas company can be reached via phone at 727-932-9593 or via email at [email protected]
MarketBeat Community Rating for MagneGas (NASDAQ MNGA)
MarketBeat's community ratings are surveys of what our community members think about MagneGas and other stocks. Vote "Outperform" if you believe MNGA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MNGA will underperform the S&P 500 over the long term. You may vote once every thirty days.
