A new trading day began on Friday, with Magnite Inc (NASDAQ: MGNI) stock price up 3.50% from the previous day of trading, before settling in for the closing price of $16.55. MGNI’s price has ranged from $7.97 to $17.00 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 41.82% over the last five years. Meanwhile, its annual earnings per share averaged 40.87%. With a float of $136.13 million, this company’s outstanding shares have now reached $138.58 million.
The firm has a total of 911 workers. Let’s measure their productivity. In terms of profitability, gross margin is 59.21%, operating margin of 6.96%, and the pretax margin is 2.63%.
Magnite Inc (MGNI) Insider Activity
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 3.37%, while institutional ownership is 86.38%. The most recent insider transaction that took place on Nov 20 ’24, was worth 201,500. In this transaction Director of this company sold 12,500 shares at a rate of $16.12, taking the stock ownership to the 70,651 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Officer proposed sale 8,328 for $17.00, making the entire transaction worth $141,576.
Magnite Inc (MGNI) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.29 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 40.87% 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 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.77. Likewise, its price to free cash flow for the trailing twelve months is 14.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.11, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 0.92 in one year’s time.
Technical Analysis of Magnite Inc (MGNI)
Analysing the last 5-days average volume posted by the [Magnite Inc, MGNI], we can find that recorded value of 2.03 million was better than the volume posted last year of 1.65 million. As of the previous 9 days, the stock’s Stochastic %D was 87.02%. Additionally, its Average True Range was 0.77.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 99.12%, which indicates a significant increase from 98.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.97% in the past 14 days, which was higher than the 52.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.39, while its 200-day Moving Average is $12.23. Now, the first resistance to watch is $17.42. This is followed by the second major resistance level at $17.72. The third major resistance level sits at $18.24. If the price goes on to break the first support level at $16.60, it is likely to go to the next support level at $16.08. Should the price break the second support level, the third support level stands at $15.78.
Magnite Inc (NASDAQ: MGNI) Key Stats
With a market capitalization of 2.49 billion, the company has a total of 140,690K Shares Outstanding. Currently, annual sales are 619,710 K while annual income is -159,180 K. The company’s previous quarter sales were 162,000 K while its latest quarter income was 5,210 K.
