Magnite Inc (MGNI) concluded trading on Thursday at a closing price of $16.55, with 4.76 million shares of worth about $78.85 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.96% during that period and on February 27, 2025 the price saw a loss of about -1.84%. Currently the company’s common shares owned by public are about 141.43M shares, out of which, 136.09M shares are available for trading.
Stock saw a price change of -9.36% in past 5 days and over the past one month there was a price change of -6.23%. Year-to-date (YTD), MGNI shares are showing a performance of 3.96% which increased to 69.40% 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 2.01 million. The stock is currently trading -10.93% below its 20-day simple moving average (SMA20), while that difference is down -4.03% for SMA50 and it goes to 14.20% higher than SMA200.
Magnite Inc (NASDAQ: MGNI) currently have 141.43M outstanding shares and institutions hold larger chunk of about 88.80% of that.
The stock has a current market capitalization of $2.33B and its 3Y-monthly beta is at 2.78. PE ratio of stock for trailing 12 months is 119.32, while it has posted earnings per share of $0.14 in the same period. It has Quick Ratio of 1.14 while making debt-to-equity ratio of 0.79. 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 6.24% while standing at 5.94% over the month.
Stock’s fiscal year EPS is expected to rise by 29.55% while it is estimated to increase by 20.35% in next year.
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.
