Magnegas Corporation (NASDAQ:MNGA) shares traded -48.17% down during most recent session to reach at the closing price of $0.99. The stock exchanged hands 11.65 Million shares versus average trading capacity of 1.07 Million shares, yielding a market cap of $0. Wall Street analysts covering the stock are projecting that the stock will reach $1.5 within the next 52-weeks. The mean target projections are based on 1 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Magnegas Corporation (NASDAQ:MNGA) high price target of $1.5 and with a conservative view have low price target of $1.5.

Rodman & Renshaw “Initiates Coverage on” Magnegas Corporation (NASDAQ:MNGA) in a research note issued to investors on 4/13/16 to Buy with price target of $3.

Additionally on 10/01/12 Northland Securities “Initiates Coverage on” Magnegas Corporation (NASDAQ:MNGA) to Outperform setting price target at $7.5.

On the other hand the company has Relative Strength Index (RSI 14) of 20.46 along with Average True Range (ATR 14) of 0.63, Consequently Magnegas Corporation (NASDAQ:MNGA)’s weekly and monthly volatility is 19.98%, 17.65% respectively. The company’s beta value is at 0.

In terms of Buy, Sell or Hold recommendations, Magnegas Corporation (NASDAQ:MNGA) has analysts’ mean recommendation of 0. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Magnegas Corporation (NASDAQ:MNGA)’s minimum EPS for the current quarter is at $-0.02 and can go high up to $-0.02. The consensus mean EPS for the current quarter is at $-0.02 derived from a total of 1 estimates from the analysts who have weighed in on projected earnings. However the company reported $-2.98 earnings per share for the same quarter during last year.

Previously Magnegas Corporation (NASDAQ:MNGA) reported $-0.1 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.15 by $0.05. The company posted an earnings surprise of 33.3%.

Magnegas Corporation (NASDAQ:MNGA)’s revenue estimates for the current quarter are $3.2 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $3.2 Million in contradiction of low revenue estimates of $3.2 Million. For the current year the company’s revenue estimates are $10.12 Million compared to low analyst estimates of $9.9 Million and high estimates of $10.35 Million according to 2 number of analysts.

Currently Magnegas Corporation (NASDAQ:MNGA)’s shares owned by insiders are 0%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0%.

Magnegas Corporation (NASDAQ:MNGA)’s trailing twelve month revenues are $0, whereas its price to sales ratio for the same period is 0. Its book value per share for the most recent quarter is $0 while its price to book ratio for the same period is 0, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.