A new trading day began on Tuesday, with Magnite Inc (NASDAQ: MGNI) stock price up 4.75% from the previous day of trading, before settling in for the closing price of $9.68. MGNI’s price has ranged from $8.22 to $21.29 over the past 52 weeks.
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Communication Services Sector giant saw their annual sales surged by 38.29% over the last five years. Meanwhile, its annual earnings per share averaged 29.40%. With a float of $138.38 million, this company’s outstanding shares have now reached $141.43 million.
The firm has a total of 905 workers. Let’s measure their productivity. In terms of profitability, gross margin is 60.42%, operating margin of 7.65%, and the pretax margin is 3.96%.
Magnite Inc (MGNI) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Advertising Agencies Industry. The insider ownership of Magnite Inc is 3.20%, while institutional ownership is 87.67%. The most recent insider transaction that took place on Mar 03 ’25, was worth 100,000. In this transaction CHIEF ACCOUNTING OFFICER of this company sold 6,250 shares at a rate of $16.00, taking the stock ownership to the 132,909 shares. Before that another transaction happened on Mar 03 ’25, when Company’s CHIEF PRODUCT OFFICER sold 15,499 for $15.75, making the entire transaction worth $244,109. This insider now owns 458,386 shares in total.
Magnite Inc (MGNI) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 29.40% per share during the next fiscal year.
Magnite Inc (NASDAQ: MGNI) Trading Performance Indicators
Here are Magnite Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.17. Likewise, its price to free cash flow for the trailing twelve months is 7.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.14, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 1.12 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 2.62 million was lower than the volume posted last year of 2.64 million. As of the previous 9 days, the stock’s Stochastic %D was 47.86%. Additionally, its Average True Range was 0.99.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 14.69%, which indicates a significant decrease from 40.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 122.21% in the past 14 days, which was higher than the 68.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.38, while its 200-day Moving Average is $14.45. Now, the first resistance to watch is $10.28. This is followed by the second major resistance level at $10.43. The third major resistance level sits at $10.70. If the price goes on to break the first support level at $9.86, it is likely to go to the next support level at $9.59. Should the price break the second support level, the third support level stands at $9.44.
Magnite Inc (NASDAQ: MGNI) Key Stats
With a market capitalization of 1.45 billion, the company has a total of 142,951K Shares Outstanding. Currently, annual sales are 668,170 K while annual income is 22,790 K. The company’s previous quarter sales were 193,970 K while its latest quarter income was 36,410 K.
