Currently, there are 141.15M common shares owned by the public and among those 136.34M shares have been available to trade.
The company’s stock has a 5-day price change of 1.15% and 28.92% over the past three months. MGNI shares are trading 79.44% year to date (YTD), with the 12-month market performance up to 75.31% higher. It has a 12-month low price of $8.38 and touched a high of $18.38 over the same period. MGNI has an average intraday trading volume of 1.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.81%, 9.15%, and 27.46% respectively.
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Institutional ownership of Magnite Inc (NASDAQ: MGNI) shares accounts for 86.47% of the company’s 141.15M shares outstanding.
It has a market capitalization of $2.36B and a beta (3y monthly) value of 2.51. The stock’s trailing 12-month PE ratio is 145.87, while the earnings-per-share (ttm) stands at $0.11. The company has a PEG of 3.94 and a Quick Ratio of 1.11 with the debt-to-equity ratio at 0.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.15% over the week and 4.54% over the month.
Earnings per share for the fiscal year are expected to increase by 40.87%, and 22.91% over the next financial year. EPS should grow at an annualized rate of 37.05% over the next five years, compared to 1.08% over the past 5-year period.
Looking at the support for the MGNI, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on December 05, 2024, with the firm’s price target at $17-$20. Scotiabank coverage for the Magnite Inc (MGNI) stock in a research note released on December 05, 2024 offered a Sector Outperform rating with a price target of $22. Wells Fargo was of a view on October 29, 2024 that the stock is Equal Weight, while Lake Street gave the stock Buy rating on July 25, 2024, issuing a price target of $21. Wolfe Research on their part issued Outperform rating on July 16, 2024.
