Magnite Inc (NASDAQ: MGNI) is 87.27% higher on its value in year-to-date trading and has touched a low of $8.22 and a high of $24.46 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 $24.12 in the last trading session, with the day’s gains setting it 2599975.88%.
Currently trading at $2600000.0, the stock is 26.94% and 49.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.69 million and changing 0.00% at the moment leaves the stock 60.41% off its SMA200. MGNI registered 51.51% gain for a year compared to 6-month loss of 45.04%. The firm has a 50-day simple moving average (SMA 50) of $16.131 and a 200-day simple moving average (SMA200) of $15.03615.
The stock witnessed a 47.43% gain in the last 1 month and extending the period to 3 months gives it a 111.39%, and is 20.30% up 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 5.10% over the week and 4.14% over the month.
Magnite Inc (MGNI) has around 905 employees, a market worth around $3.40B and $674.62M in sales. Current P/E ratio is 121.63 and Fwd P/E is 22.61. Profit margin for the company is 4.58%. Distance from 52-week low is 193.43% and -1.39% from its 52-week high. The company has generated returns on investments over the last 12 months (2.72%).
The EPS is expected to grow by 24.57% this year.
Magnite Inc (MGNI) Top Institutional Holders
400.0 institutions hold shares in Magnite Inc (MGNI), with institutional investors hold 97.32% of the company’s shares. The shares outstanding are 141.48M, and float is at 137.24M with Short Float at 14.20%. Institutions hold 96.08% of the Float.
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 9.2239% 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 6.9011 of the shares outstanding. The other top investors are FMR LLC which holds 5.5 million shares representing 3.9164% and valued at over $73.16 million, while DIMENSIONAL FUND ADVISORS LP holds 3.8376 of the shares totaling 5.39 million with a market value of $71.68 million.
