On Tuesday, Magnite Inc (NASDAQ: MGNI) opened higher 1.55% from the last session, before settling in for the closing price of $16.17. Price fluctuations for MGNI have ranged from $8.38 to $18.38 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 41.82% annually for the last half of the decade. Company’s average yearly earnings per share was noted 40.87% at the time writing. With a float of $136.34 million, this company’s outstanding shares have now reached $141.15 million.
In an organization with 911 employees, it is important to assess its efficiency. 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 Updates
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 3.09%, while institutional ownership is 86.47%. The most recent insider transaction that took place on Dec 17 ’24, was worth 220,320. In this transaction CHIEF FINANCIAL OFFICER of this company sold 13,500 shares at a rate of $16.32, taking the stock ownership to the 387,359 shares. Before that another transaction happened on Dec 16 ’24, when Company’s CHIEF FINANCIAL OFFICER sold 11,644 for $16.44, making the entire transaction worth $191,427. This insider now owns 400,859 shares in total.
Magnite Inc (MGNI) Performance Highlights and Predictions
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 3.55. Likewise, its price to free cash flow for the trailing twelve months is 13.73.
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 0.93 in one year’s time.
Technical Analysis of Magnite Inc (MGNI)
Let’s dig in a bit further. During the last 5-days, its volume was 1.62 million. That was inferior than the volume of 1.65 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 54.27%. Additionally, its Average True Range was 0.75.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 75.56%, which indicates a significant increase from 41.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.75% in the past 14 days, which was lower than the 48.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.04, while its 200-day Moving Average is $12.88. However, in the short run, Magnite Inc’s stock first resistance to watch stands at $16.52. Second resistance stands at $16.63. The third major resistance level sits at $16.77. If the price goes on to break the first support level at $16.27, it is likely to go to the next support level at $16.13. Assuming the price breaks the second support level, the third support level stands at $16.02.
Magnite Inc (NASDAQ: MGNI) Key Stats
There are currently 140,690K shares outstanding in the company with a market cap of 2.35 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.
