Magnite Inc (NASDAQ: MGNI) kicked off on Thursday, up 12.42% from the previous trading day, before settling in for the closing price of $9.90. Over the past 52 weeks, MGNI has traded in a range of $8.22-$21.29.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 38.29%. While this was happening, its average annual earnings per share was recorded 29.40%. With a float of $138.38 million, this company’s outstanding shares have now reached $141.43 million.
The extent of productivity of a business whose workforce counts for 905 workers is very important to gauge. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Advertising Agencies Industry. The insider ownership of Magnite Inc is 3.20%, while institutional ownership is 87.68%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.18 per share during the current fiscal year.
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
Take a look at Magnite Inc’s (MGNI) current performance indicators. Last quarter, 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 2.38. Likewise, its price to free cash flow for the trailing twelve months is 7.86.
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)
The latest stats from [Magnite Inc, MGNI] show that its last 5-days average volume of 3.39 million was superior to 2.72 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 66.91%. Additionally, its Average True Range was 1.02.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 22.26%, which indicates a significant decrease from 82.91% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 131.94% in the past 14 days, which was higher than the 71.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.09, while its 200-day Moving Average is $14.43. Now, the first resistance to watch is $11.90. This is followed by the second major resistance level at $12.67. The third major resistance level sits at $13.80. If the price goes on to break the first support level at $10.01, it is likely to go to the next support level at $8.88. The third support level lies at $8.11 if the price breaches the second support level.
Magnite Inc (NASDAQ: MGNI) Key Stats
The company with the Market Capitalisation of 1.59 billion has total of 142,951K Shares Outstanding. Its annual sales at the moment are 668,170 K in contrast with the sum of 22,790 K annual income. Company’s last quarter sales were recorded 193,970 K and last quarter income was 36,410 K.
