Witnessing the stock’s movement on the chart, on Wednesday, Magnite Inc (NASDAQ: MGNI) had a quiet start as it plunged -4.41% to $15.84, before settling in for the price of $16.57 at the close. Taking a more long-term approach, MGNI posted a 52-week range of $8.38-$18.38.
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The Communication Services sector firm’s twelve-monthly sales growth has been 41.82% for the last half of the decade. 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 $141.15 million, simultaneously with a float of $136.32 million. The organization now has a market capitalization sitting at $2.23 billion. At the time of writing, stock’s 50-day Moving Average stood at $14.72, while the 200-day Moving Average is $12.79.
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 3.11%, in contrast to 86.47% institutional ownership. According to the most recent insider trade that took place on Dec 17 ’24, this organization’s CHIEF FINANCIAL OFFICER sold 13,500 shares at the rate of 16.32, making the entire transaction reach 220,320 in total value, affecting insider ownership by 387,359. Preceding that transaction, on Dec 16 ’24, Company’s CHIEF FINANCIAL OFFICER sold 11,644 for 16.44, making the whole transaction’s value amount to 191,427. This particular insider is now the holder of 400,859 in total.
Magnite Inc (MGNI) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.06 per share during the current fiscal year.
Magnite Inc’s EPS increase for this current 12-month fiscal period is 40.87% and is forecasted to reach 0.93 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 0.77. Alongside those numbers, its PE Ratio stands at $137.86, and its Beta score is 2.51. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 3.37. Similarly, its price to free cash flow for trailing twelve months is now 13.04.
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 0.93 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 1.5 million was inferior to the volume of 1.65 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 16.47% While, its Average True Range was 0.78.
Raw Stochastic average of Magnite Inc (MGNI) in the period of the previous 100 days is set at 68.33%, which indicates a major rise in contrast to 7.48% 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 43.17% that was lower than 49.97% volatility it exhibited in the past 100-days period.
