A new trading day began on Tuesday, with Magnite Inc (NASDAQ: MGNI) stock price up 2.46% from the previous day of trading, before settling in for the closing price of $12.20. MGNI’s price has ranged from $6.55 to $15.92 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 41.82%. Meanwhile, its annual earnings per share averaged 38.19%. With a float of $124.01 million, this company’s outstanding shares have now reached $138.58 million.
Let’s determine the extent of company efficiency that accounts for 911 employees. In terms of profitability, gross margin is 55.03%, operating margin of 2.01%, and the pretax margin is -1.12%.
Magnite Inc (MGNI) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Advertising Agencies Industry. The insider ownership of Magnite Inc is 12.14%, while institutional ownership is 75.61%. 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) Recent Fiscal highlights
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
Here are Magnite Inc’s current performance indicators. According to the last quarter’s results, the 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 2.72. Likewise, its price to free cash flow for the trailing twelve months is 10.30.
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)
Looking closely at Magnite Inc (NASDAQ: MGNI), its last 5-days average volume was 1.29 million, which is a drop from its year-to-date volume of 1.58 million. As of the previous 9 days, the stock’s Stochastic %D was 25.07%. Additionally, its Average True Range was 0.50.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 38.49%, which indicates a significant decrease from 39.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.46% in the past 14 days, which was lower than the 44.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.82, while its 200-day Moving Average is $11.82. However, in the short run, Magnite Inc’s stock first resistance to watch stands at $12.67. Second resistance stands at $12.85. The third major resistance level sits at $13.14. If the price goes on to break the first support level at $12.20, it is likely to go to the next support level at $11.91. Now, if the price goes above the second support level, the third support stands at $11.73.
Magnite Inc (NASDAQ: MGNI) Key Stats
With a market capitalization of 1.76 billion, the company has a total of 141,147K Shares Outstanding. Currently, annual sales are 619,710 K while annual income is -159,180 K. The company’s previous quarter sales were 162,880 K while its latest quarter income was -1,080 K.
