Magnite Inc (MGNI) concluded trading on Thursday at a closing price of $19.49, with 7.14 million shares of worth about $139.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 55.67% during that period and on February 13, 2025 the price saw a loss of about -4.97%. Currently the company’s common shares owned by public are about 141.15M shares, out of which, 135.91M shares are available for trading.
Stock saw a price change of 1.83% in past 5 days and over the past one month there was a price change of 24.62%. Year-to-date (YTD), MGNI shares are showing a performance of 22.42% which increased to 101.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.38 but also hit the highest price of $21.29 during that period. The average intraday trading volume for Magnite Inc shares is 1.95 million. The stock is currently trading 8.92% above its 20-day simple moving average (SMA20), while that difference is up 14.17% for SMA50 and it goes to 38.33% higher than SMA200.
Magnite Inc (NASDAQ: MGNI) currently have 141.15M outstanding shares and institutions hold larger chunk of about 89.37% of that.
The stock has a current market capitalization of $2.74B and its 3Y-monthly beta is at 2.77. PE ratio of stock for trailing 12 months is 169.63, while it has posted earnings per share of $0.11 in the same period. Its PEG reads 5.85 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 8.37% while standing at 5.61% over the month.
Stock’s fiscal year EPS is expected to rise by 40.59% while it is estimated to increase by 22.15% in next year. EPS is likely to grow at an annualized rate of 28.98% 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 Needham on December 05, 2024 offering a Buy rating for the stock and assigned a target price range of between $17 and $20 to it. Coverage by Scotiabank stated Magnite Inc (MGNI) stock as a Sector outperform in their note to investors on December 05, 2024, suggesting a price target of $22 for the stock. On October 29, 2024, Wells Fargo Initiated their recommendations, while on July 25, 2024, Lake Street Initiated their ratings for the stock with a price target of $21. Stock get an Outperform rating from Wolfe Research on July 16, 2024.
