Magnite Inc (MGNI) concluded trading on Wednesday at a closing price of $16.80, with 3.94 million shares of worth about $66.21 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 71.43% during that period and on November 13, 2024 the price saw a gain of about 3.07%. Currently the company’s common shares owned by public are about 138.58M shares, out of which, 123.56M shares are available for trading.
Stock saw a price change of 27.27% in past 5 days and over the past one month there was a price change of 36.36%. Year-to-date (YTD), MGNI shares are showing a performance of 79.87% which increased to 141.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.88 but also hit the highest price of $16.31 during that period. The average intraday trading volume for Magnite Inc shares is 1.74 million. The stock is currently trading 27.91% above its 20-day simple moving average (SMA20), while that difference is up 29.54% for SMA50 and it goes to 40.22% higher than SMA200.
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Magnite Inc (NASDAQ: MGNI) currently have 138.58M outstanding shares and institutions hold larger chunk of about 77.92% of that.
The stock has a current market capitalization of $2.36B and its 3Y-monthly beta is at 2.49. PE ratio of stock for trailing 12 months is 146.21, while it has posted earnings per share of $0.11 in the same period. Its PEG reads 3.95 and has Quick Ratio of 1.11 while making debt-to-equity ratio of 0.85. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MGNI, volatility over the week remained 8.57% while standing at 4.91% over the month.
Stock’s fiscal year EPS is expected to rise by 40.87% while it is estimated to increase by 20.61% in next year. EPS is likely to grow at an annualized rate of 37.05% for next 5-years, compared to annual growth of 1.08% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on October 29, 2024 offering an Equal weight rating for the stock and assigned a target price of $13 to it. Coverage by Lake Street stated Magnite Inc (MGNI) stock as a Buy in their note to investors on July 25, 2024, suggesting a price target of $21 for the stock. On July 16, 2024, Wolfe Research Initiated their recommendations, while on May 24, 2024, BofA Securities Upgrade their ratings for the stock with a price target of $15. Stock get a Buy rating from B. Riley Securities on April 19, 2024.
