Magnite Inc (NASDAQ: MGNI) is -7.98% lower on its value in year-to-date trading and has touched a low of $8.38 and a high of $21.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MGNI stock was last observed hovering at around $14.69 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $14.65, the stock is -19.68% and -14.63% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.02 million and changing -0.27% at the moment leaves the stock 0.47% off its SMA200. MGNI registered 21.88% gain for a year compared to 6-month gain of 7.40%.
The stock witnessed a -14.83% loss in the last 1 month and extending the period to 3 months gives it a -11.85%, and is -15.61% 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 8.67% over the week and 6.73% over the month.
Magnite Inc (MGNI) has around 905 employees, a market worth around $2.09B and $668.17M in sales. Current P/E ratio is 105.62 and Fwd P/E is 13.09. Profit margin for the company is 3.41%. Distance from 52-week low is 74.93% and -31.19% from its 52-week high. The company has generated returns on investments over the last 12 months (1.68%).
with sales reaching $141.99M over the same period.The EPS is expected to grow by 31.12% this year, but quarterly earnings will post 0.27% year-over-year. Quarterly sales are estimated to grow 8.76% in year-over-year returns.
Magnite Inc (MGNI) Top Institutional Holders
The shares outstanding are 141.43M, and float is at 138.28M with Short Float at 7.54%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.96 million shares valued at $172.3 million. The investor’s holdings represent 9.3069% of the MGNI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.7 million shares valued at $$128.91 million to account for 6.9633 of the shares outstanding. The other top investors are FMR LLC which holds 5.5 million shares representing 3.9517% and valued at over $73.16 million, while DIMENSIONAL FUND ADVISORS LP holds 3.8721 of the shares totaling 5.39 million with a market value of $71.68 million.
Magnite Inc (MGNI) Insider Activity
A total of 0 insider transactions have happened at Magnite Inc (MGNI) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Still, SEC filings show that on Feb 19 ’25, Buckley Sean Patrick (President, Revenue) disposed off 10,527 shares at an average price of $19.13 for $0.2 million. The insider now directly holds 370,558 shares of Magnite Inc (MGNI).
