Magnite Inc (NASDAQ: MGNI) kicked off on Friday, up 7.28% from the previous trading day, before settling in for the closing price of $22.52. Over the past 52 weeks, MGNI has traded in a range of $8.22-$25.27.
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While this was happening, its average annual earnings per share was recorded 27.23%. With a float of $138.92 million, this company’s outstanding shares have now reached $142.38 million.
Magnite Inc (MGNI) Insider Updates
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 2.54%, while institutional ownership is 103.80%. The most recent insider transaction that took place on Aug 18 ’25, was worth 70,620. In this transaction CHIEF ACCOUNTING OFFICER of this company sold 2,961 shares at a rate of $23.85, taking the stock ownership to the 120,569 shares. Before that another transaction happened on Aug 18 ’25, when Company’s CHIEF FINANCIAL OFFICER sold 13,366 for $23.85, making the entire transaction worth $318,779. This insider now owns 382,106 shares in total.
Magnite Inc (MGNI) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.17 earnings per share (EPS), higher than consensus estimate (set at 0.16) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 27.23% 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 1.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.02. Likewise, its price to free cash flow for the trailing twelve months is 18.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.28, a number that is poised to hit 0.20 in the next quarter and is forecasted to reach 1.13 in one year’s time.
Technical Analysis of Magnite Inc (MGNI)
Magnite Inc (NASDAQ: MGNI) saw its 5-day average volume 2.77 million, a positive change from its year-to-date volume of 2.71 million. As of the previous 9 days, the stock’s Stochastic %D was 52.21%.
During the past 100 days, Magnite Inc’s (MGNI) raw stochastic average was set at 93.49%, which indicates a significant increase from 90.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 1.30 in the past 14 days, which was higher than the 0.86 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $22.33, while its 200-day Moving Average is $16.98. Nevertheless, the first resistance level for the watch stands at $24.87 in the near term. At $25.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $26.86. If the price goes on to break the first support level at $22.89, it is likely to go to the next support level at $21.62. Assuming the price breaks the second support level, the third support level stands at $20.90.
Magnite Inc (NASDAQ: MGNI) Key Stats
The company with the Market Capitalisation of 3.44 billion has total of 142,399K 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 173,330 K and last quarter income was 11,140 K.
