On Tuesday, Magnite Inc (NASDAQ: MGNI) opened lower -0.76% from the last session, before settling in for the closing price of $17.19. Price fluctuations for MGNI have ranged from $8.05 to $18.38 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 41.82%. Company’s average yearly earnings per share was noted 40.87% at the time writing. With a float of $136.18 million, this company’s outstanding shares have now reached $141.15 million.
Considering the fact that the conglomerate employs 911 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 59.21%, operating margin of 6.96%, and the pretax margin is 2.63%.
Magnite Inc (MGNI) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Advertising Agencies industry is another important factor to consider. The insider ownership of Magnite Inc is 3.20%, while institutional ownership is 86.40%. The most recent insider transaction that took place on Nov 27 ’24, was worth 7,232. In this transaction CHIEF TECHNOLOGY OFFICER of this company sold 431 shares at a rate of $16.78, taking the stock ownership to the 225,764 shares. Before that another transaction happened on Nov 25 ’24, when Company’s CEO sold 27,004 for $17.63, making the entire transaction worth $476,081. This insider now owns 782,910 shares in total.
Magnite Inc (MGNI) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.29 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.28) by 0.01. 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
Check out the current performance indicators for Magnite Inc (MGNI). In the past quarter, the stock posted a quick ratio of 1.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.63. Likewise, its price to free cash flow for the trailing twelve months is 14.05.
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)
Compared to the last year’s volume of 1.65 million, its volume of 1.3 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.90%. Additionally, its Average True Range was 0.75.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 83.54%, which indicates a significant increase from 56.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.57% in the past 14 days, which was lower than the 52.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.81, while its 200-day Moving Average is $12.45. Nevertheless, the first resistance level for the watch stands at $17.40 in the near term. At $17.75, the stock is likely to face the second major resistance level. The third major resistance level sits at $18.18. If the price goes on to break the first support level at $16.62, it is likely to go to the next support level at $16.19. Now, if the price goes above the second support level, the third support stands at $15.84.
Magnite Inc (NASDAQ: MGNI) Key Stats
There are currently 140,690K shares outstanding in the company with a market cap of 2.40 billion. Presently, the company’s annual sales total 619,710 K according to its annual income of -159,180 K. Last quarter, the company’s sales amounted to 162,000 K and its income totaled 5,210 K.
