Magnite Inc (NASDAQ: MGNI) on Friday, soared 6.40% from the previous trading day, before settling in for the closing price of $16.10. Within the past 52 weeks, MGNI’s price has moved between $8.38 and $18.38.
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Communication Services Sector giant saw their annual sales surged by 45.91% over the last five years. The company achieved an average annual earnings per share of 40.87%. With a float of $136.34 million, this company’s outstanding shares have now reached $141.15 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) Breakdown of a Key Holders of the stock
Observing investor behavior towards Advertising Agencies industry stocks is more important than anything else. The insider ownership of Magnite Inc is 3.09%, while institutional ownership is 86.52%. The most recent insider transaction that took place on Jan 03 ’25, was worth 226,865. Before that another transaction happened on Dec 17 ’24, when Company’s CHIEF FINANCIAL OFFICER sold 13,500 for $16.32, making the entire transaction worth $220,320. This insider now owns 387,359 shares in total.
Magnite Inc (MGNI) Recent Fiscal highlights
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
Magnite Inc (MGNI) is currently performing well based on its current performance indicators. A quick ratio of 1.11 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.88. Likewise, its price to free cash flow for the trailing twelve months is 15.01.
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)
Analysing the last 5-days average volume posted by the [Magnite Inc, MGNI], we can find that recorded value of 1.35 million was lower than the volume posted last year of 1.36 million. As of the previous 9 days, the stock’s Stochastic %D was 63.16%. Additionally, its Average True Range was 0.74.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 82.24%, which indicates a significant decrease from 96.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.23% in the past 14 days, which was lower than the 49.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.55, while its 200-day Moving Average is $13.03. Now, the first resistance to watch is $17.40. This is followed by the second major resistance level at $17.66. The third major resistance level sits at $18.13. If the price goes on to break the first support level at $16.66, 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 $15.93.
Magnite Inc (NASDAQ: MGNI) Key Stats
Market capitalization of the company is 2.56 billion based on 140,690K outstanding shares. Right now, sales total 619,710 K and income totals -159,180 K. The company made 162,000 K in profit during its latest quarter, and 5,210 K in sales during its previous quarter.
