On Friday, Magnite Inc (NASDAQ: MGNI) was -1.84% drop from the session before settling in for the closing price of $17.36. A 52-week range for MGNI has been $8.38 – $18.38.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 45.91%. When this article was written, the company’s average yearly earnings per share was at 40.87%. With a float of $135.78 million, this company’s outstanding shares have now reached $141.15 million.
Let’s determine the extent of company efficiency that accounts for 911 employees. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Magnite Inc stocks. The insider ownership of Magnite Inc is 3.49%, while institutional ownership is 86.16%. The most recent insider transaction that took place on Jan 03 ’25, was worth 226,865. In this transaction CHIEF FINANCIAL OFFICER of this company sold 13,345 shares at a rate of $17.00, taking the stock ownership to the 374,014 shares. Before that another transaction happened on Jan 03 ’25, when Company’s Officer proposed sale 13,345 for $17.00, making the entire transaction worth $226,865.
Magnite Inc (MGNI) Earnings and Forecasts
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.
Magnite Inc (NASDAQ: MGNI) Trading Performance Indicators
You can see what Magnite Inc (MGNI) is doing with its current performance indicators. In the most recent 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 14.03.
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)
Looking closely at Magnite Inc (NASDAQ: MGNI), its last 5-days average volume was 1.78 million, which is a jump from its year-to-date volume of 1.74 million. As of the previous 9 days, the stock’s Stochastic %D was 83.60%. Additionally, its Average True Range was 0.78.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 80.97%, which indicates a significant increase from 80.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.15% in the past 14 days, which was higher than the 51.93% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.45, while its 200-day Moving Average is $13.41. However, in the short run, Magnite Inc’s stock first resistance to watch stands at $17.34. Second resistance stands at $17.63. The third major resistance level sits at $17.85. If the price goes on to break the first support level at $16.83, it is likely to go to the next support level at $16.61. Should the price break the second support level, the third support level stands at $16.32.
Magnite Inc (NASDAQ: MGNI) Key Stats
There are 140,690K outstanding shares of the company, which has a market capitalization of 2.40 billion. As of now, sales total 619,710 K while income totals -159,180 K. Its latest quarter income was 162,000 K while its last quarter net income were 5,210 K.
