As on Wednesday, Magnite Inc (NASDAQ: MGNI) got off with the flyer as it spiked 3.07% to $16.80, before settling in for the price of $16.30 at the close. Taking a more long-term approach, MGNI posted a 52-week range of $6.88-$16.31.
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The company of the Communication Services sector’s yearbook sales growth during the past 5- year span was recorded 41.82%. Meanwhile, its Annual Earning per share during the time was 1.08%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 40.87%. This publicly-traded company’s shares outstanding now amounts to $138.58 million, simultaneously with a float of $123.56 million. The organization now has a market capitalization sitting at $2.36 billion. At the time of writing, stock’s 50-day Moving Average stood at $12.97, while the 200-day Moving Average is $11.98.
Magnite Inc (MGNI) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Advertising Agencies industry. Magnite Inc’s current insider ownership accounts for 12.17%, in contrast to 77.92% institutional ownership. According to the most recent insider trade that took place on Nov 11 ’24, this organization’s CHIEF ACCOUNTING OFFICER sold 2,156 shares at the rate of 15.00, making the entire transaction reach 32,340 in total value, affecting insider ownership by 116,982. Preceding that transaction, on Nov 11 ’24, Company’s CEO sold 25,000 for 15.00, making the whole transaction’s value amount to 375,000. This particular insider is now the holder of 919,552 in total.
Magnite Inc (MGNI) Earnings and Revenue Records
Magnite Inc’s EPS increase for this current 12-month fiscal period is 40.87% 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 1.11. The Stock has managed to achieve an average true range (ATR) of 0.74. Alongside those numbers, its PE Ratio stands at $146.21, and its Beta score is 2.49. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.58. Similarly, its price to free cash flow for trailing twelve months is now 13.83.
In the same vein, MGNI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 0.11, a figure that is expected to reach 0.39 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)
Through scrutinizing the latest numbers posted by the [Magnite Inc, MGNI], it can be observed that its last 5-days Average volume of 4.22 million was better the volume of 1.64 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 96.79% While, its Average True Range was 0.82.
Raw Stochastic average of Magnite Inc (MGNI) in the period of the previous 100 days is set at 96.99%, which indicates a major rise in contrast to 95.93% 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 64.05% that was higher than 50.93% volatility it exhibited in the past 100-days period.
