Witnessing the stock’s movement on the chart, on Thursday, Magnite Inc (NASDAQ: MGNI) had a quiet start as it plunged -1.81% to $12.48, before settling in for the price of $12.71 at the close. Taking a more long-term approach, MGNI posted a 52-week range of $6.46-$15.92.
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The Communication Services Sector giants’ yearly sales growth during the last 5-year period was 41.82%. Meanwhile, its Annual Earning per share during the time was 1.08%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 38.19%. This publicly-traded company’s shares outstanding now amounts to $138.58 million, simultaneously with a float of $124.01 million. The organization now has a market capitalization sitting at $1.76 billion. At the time of writing, stock’s 50-day Moving Average stood at $12.91, while the 200-day Moving Average is $11.77.
Magnite Inc (MGNI) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Advertising Agencies industry. Magnite Inc’s current insider ownership accounts for 12.14%, in contrast to 75.69% institutional ownership. According to the most recent insider trade that took place on Aug 20 ’24, this organization’s CHIEF REVENUE OFFICER sold 2,623 shares at the rate of 13.50, making the entire transaction reach 35,410 in total value, affecting insider ownership by 329,119. Preceding that transaction, on Aug 19 ’24, Company’s CHIEF REVENUE OFFICER sold 2,623 for 12.53, making the whole transaction’s value amount to 32,866. This particular insider is now the holder of 331,742 in total.
Magnite Inc (MGNI) Earnings and Revenue Records
Magnite Inc’s EPS increase for this current 12-month fiscal period is 38.19% and is forecasted to reach 0.92 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 37.05% through the next 5 years, which can be compared against the 1.08% growth it accomplished over the previous five years trading on the market.
Magnite Inc (NASDAQ: MGNI) Trading Performance Indicators
Let’s observe the current performance indicators for Magnite Inc (MGNI). It’s Quick Ratio in the last reported quarter now stands at 1.10. The Stock has managed to achieve an average true range (ATR) of 0.54. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.71. Similarly, its price to free cash flow for trailing twelve months is now 10.29.
In the same vein, MGNI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.05, a figure that is expected to reach 0.16 in the next quarter, and analysts are predicting that it will be 0.92 at the market close of one year from today.
Technical Analysis of Magnite Inc (MGNI)
Going through the that latest performance of [Magnite Inc, MGNI]. Its last 5-days volume of 1.67 million indicated improvement to the volume of 1.59 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 44.22% While, its Average True Range was 0.52.
Raw Stochastic average of Magnite Inc (MGNI) in the period of the previous 100 days is set at 38.13%, which indicates a major fall in contrast to 38.25% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 30.46% that was lower than 44.93% volatility it exhibited in the past 100-days period.
