Magnite Inc (NASDAQ: MGNI) is 51.61% higher on its value in year-to-date trading and has touched a low of $6.28 and a high of $15.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MGNI stock was last observed hovering at around $14.46 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $14.16, the stock is -1.17% and 5.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.91 million and changing -2.07% at the moment leaves the stock 39.47% off its SMA200. MGNI registered -6.04% loss for a year compared to 6-month gain of 47.81%.
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The stock witnessed a 6.55% loss in the last 1 month and extending the period to 3 months gives it a 54.25%, and is -7.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.04% over the week and 3.85% over the month.
Magnite Inc (MGNI) has around 911 employees, a market worth around $1.98B and $638.88M in sales. Fwd P/E is 14.55. Profit margin for the company is -12.24%. Distance from 52-week low is 125.48% and -11.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.03%).
The EPS is expected to grow by 51.79% this year.
Magnite Inc (MGNI) Top Institutional Holders
The shares outstanding are 138.58M, and float is at 122.71M with Short Float at 5.66%.
Magnite Inc (MGNI) Insider Activity
The most recent transaction is an insider sale by Buckley Sean Patrick,the company’sCHIEF REVENUE OFFICER. SEC filings show that Buckley Sean Patrick sold 19,604 shares of the company’s common stock on Jul 16 ’24 at a price of $15.50 per share for a total of $0.3 million. Following the sale, the insider now owns 0.34 million shares.
Magnite Inc disclosed in a document filed with the SEC on Jul 15 ’24 that BARRETT MICHAEL G. (CEO) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Jul 15 ’24 and was made at $15.00 per share for $1.5 million. Following the transaction, the insider now directly holds 1.05 million shares of the MGNI stock.
Still, SEC filings show that on Jul 15 ’24, Day David (CHIEF FINANCIAL OFFICER) disposed off 19,077 shares at an average price of $15.00 for $0.29 million. The insider now directly holds 430,755 shares of Magnite Inc (MGNI).
