MAGN - Setting up for advance in Q4 MAGN had a nice run since Oct22 advancing +157% since the bottom to recent Sep's top. Is the rally over, or do we have at least one more advance potential? My technical thesis supports the latter.
I don't have high confidence in my ElliotWave count on this chart, due to price extensions beyond
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2.26 B
About MMK
Sector
Industry
CEO
Pavel Vladimirovich Shilyaev
Website
Headquarters
Magnitogorsk
Founded
1932
ISIN
RU0009084396
Magnitogorskiy metallurgicheskiy kombinat OAO (MMK OAO or Magnitogorsk Iron & Steel Works OJSC) is a Russia-based company, active in the steel industry. Its main products are sinter, coke, iron, crude steel, rolled products and ore materials. The Company offers a wide range of products such as wire rod, rebars, square bars, strips, round bars, among others. It is also involved in the coal ore mining, processing of ore materials, sale of ferrous metal products and others. Magnitogorskiy metallurgicheskiy kombinat OAO operates as a supplier for such industries as: pipelines, vehicles, railway, construction and shipbuilding, among others. The Company operates domestically, as well as exports its products to the Commonwealth of Independent States (CIS) countries, Asia and the Near and East and European countries.
Forecast of financial results for Q4`21 - an upside of 20%We calculate financial indicators for the 4th quarter of 2021
Revenue — $3163.3 million (3278*965)
EBITDA — $1250.2 million (3278*381.4)
Profit - $911M (1250-125)*(1-0.19)
Change in NCF - $125 decrease based on 12% of revenue (1643-3163.3*0.12*4)
FCF — $875.2 mln 92% qoq increase (EBITDA-change in
MMK: Stock price will repeat the 2nd quarterAgainst the backdrop of strong fin. indicators of the 3rd quarter
Key factors and catalysts
Annual forward dividend approximate to 40% in H2 2021
Should significantly increase production up to 30%
Cost less than competitors in one sector on P/E and EV/EBITDA multiples
Beneficiary of commodit
MAGNITOGORSK IRON & STEEL Course Hey guys, MAGNITOGORSK IRON & STEEL is in a great historical moment we are going to witness a new high in its history. It is in a bullish push with low buying volume, then high early trading volume to confirm the rise and a hammer candle shape. On the TIMEFRME M1 we see a kind of hammer candle with
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of MAGN is 34.680 RUB — it has decreased by −0.74% in the past 24 hours. Watch MMK stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on RUS exchange MMK stocks are traded under the ticker MAGN.
MAGN stock has risen by 4.76% compared to the previous week, the month change is a −10.93% fall, over the last year MMK has showed a −38.51% decrease.
MAGN reached its all-time high on Sep 7, 2021 with the price of 79.775 RUB, and its all-time low was 4.200 RUB and was reached on Oct 28, 2008. View more price dynamics on MAGN chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
MAGN stock is 1.18% volatile and has beta coefficient of 0.29. Track MMK stock price on the chart and check out the list of the most volatile stocks — is MMK there?
Yes, you can track MMK financials in yearly and quarterly reports right on TradingView.
MMK is going to release the next earnings report on Apr 25, 2025. Keep track of upcoming events with our Earnings Calendar.
Like other stocks, MAGN shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MMK stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MMK technincal analysis shows the sell today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MMK stock shows the sell signal. See more of MMK technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.