Magnite Inc (MGNI) concluded trading on Thursday at a closing price of $14.89, with 6.61 million shares of worth about $98.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.05% during that period and on May 08, 2025 the price saw a gain of about 19.79%. Currently the company’s common shares owned by public are about 141.48M shares, out of which, 136.85M shares are available for trading.
Stock saw a price change of 24.71% in past 5 days and over the past one month there was a price change of 65.44%. Year-to-date (YTD), MGNI shares are showing a performance of -6.47% which increased to 58.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.22 but also hit the highest price of $21.29 during that period. The average intraday trading volume for Magnite Inc shares is 2.84 million. The stock is currently trading 28.60% above its 20-day simple moving average (SMA20), while that difference is up 22.38% for SMA50 and it goes to 4.27% higher than SMA200.
Magnite Inc (NASDAQ: MGNI) currently have 141.48M outstanding shares and institutions hold larger chunk of about 87.31% of that.
The stock has a current market capitalization of $2.11B and its 3Y-monthly beta is at 2.79. PE ratio of stock for trailing 12 months is 75.09, while it has posted earnings per share of $0.20 in the same period. Its PEG reads 2.14 and has Quick Ratio of 0.98 while making debt-to-equity ratio of 0.83. 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 5.28% while standing at 7.17% over the month.
Analysts are in expectations that Magnite Inc (MGNI) stock would likely to be making an EPS of 0.17 in the current quarter, while forecast for next quarter EPS is 0.19 and it is 1.05 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.13 which is 0.2 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 26.43% while it is estimated to increase by 20.13% 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.
