Magnite Inc (NASDAQ: MGNI) kicked off on Monday, up 2.65% from the previous trading day, before settling in for the closing price of $12.47. Over the past 52 weeks, MGNI has traded in a range of $6.28-$15.92.
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A company in the Communication Services sector has jumped its sales by 41.82% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 38.19%. With a float of $124.01 million, this company’s outstanding shares have now reached $138.58 million.
In an organization with 911 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 55.03%, operating margin of 2.01%, and the pretax margin is -1.12%.
Magnite Inc (MGNI) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Advertising Agencies Industry. The insider ownership of Magnite Inc is 12.14%, while institutional ownership is 75.01%. The most recent insider transaction that took place on Aug 20 ’24, was worth 35,410. In this transaction CHIEF REVENUE OFFICER of this company sold 2,623 shares at a rate of $13.50, taking the stock ownership to the 329,119 shares. Before that another transaction happened on Aug 19 ’24, when Company’s CHIEF REVENUE OFFICER sold 2,623 for $12.53, making the entire transaction worth $32,866. This insider now owns 331,742 shares in total.
Magnite Inc (MGNI) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 38.19% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 37.05% during the next five years compared to 1.08% growth over the previous five years of trading.
Magnite Inc (NASDAQ: MGNI) Trading Performance Indicators
Take a look at Magnite Inc’s (MGNI) current performance indicators. Last quarter, stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.78. Likewise, its price to free cash flow for the trailing twelve months is 10.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.05, a number that is poised to hit 0.16 in the next quarter and is forecasted to reach 0.92 in one year’s time.
Technical Analysis of Magnite Inc (MGNI)
Let’s dig in a bit further. During the last 5-days, its volume was 1.5 million. That was inferior than the volume of 1.58 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 41.57%. Additionally, its Average True Range was 0.55.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 43.88%, which indicates a significant decrease from 59.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.41% in the past 14 days, which was lower than the 45.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.96, while its 200-day Moving Average is $11.71. However, in the short run, Magnite Inc’s stock first resistance to watch stands at $13.11. Second resistance stands at $13.41. The third major resistance level sits at $13.72. If the price goes on to break the first support level at $12.50, it is likely to go to the next support level at $12.19. The third support level lies at $11.89 if the price breaches the second support level.
Magnite Inc (NASDAQ: MGNI) Key Stats
The company with the Market Capitalisation of 1.81 billion has total of 140,024K Shares Outstanding. Its annual sales at the moment are 619,710 K in contrast with the sum of -159,180 K annual income. Company’s last quarter sales were recorded 162,880 K and last quarter income was -1,080 K.
