Magnite Inc [NASDAQ: MGNI] closed the trading session at $14.89.
The stocks have a year to date performance of -6.47 percent and weekly performance of 24.71 percent. The stock has been moved at 22.05 percent over the last six months. The stock has performed 65.44 percent around the most recent 30 days and changed -22.20 percent over the most recent 3-months.
If compared to the average trading volume of 2.84M shares, MGNI reached to a volume of 6609337 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Magnite Inc [MGNI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MGNI shares is $18.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MGNI stock is a recommendation set at 1.14. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Magnite Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 05, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on December 05, 2024, representing the official price target for Magnite Inc stock. Previously, the target price had yet another raise to $13, while Wells Fargo analysts kept a Equal Weight rating on MGNI stock.
The Average True Range (ATR) for Magnite Inc is set at 0.86, with the Price to Sales ratio for MGNI stock in the period of the last 12 months amounting to 3.12. The Price to Book ratio for the last quarter was 2.84, with the Price to Cash per share for the same quarter was set at 3.04. Price to Free Cash Flow for MGNI in the course of the last twelve months was 8.20 with Quick ratio for the last quarter at 0.98.
MGNI stock trade performance evaluation
Magnite Inc [MGNI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 24.71. With this latest performance, MGNI shares gained by 65.44% in over the last four-week period, additionally plugging by 22.05% over the last 6 months – not to mention a rise of 58.91% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MGNI stock in for the last two-week period is set at 72.92, with the RSI for the last a single of trading hit 84.15, and the three-weeks RSI is set at 64.42 for Magnite Inc [MGNI]. The present Moving Average for the last 50 days of trading for this stock 12.17, while it was recorded at 12.78 for the last single week of trading, and 14.28 for the last 200 days.
Magnite Inc [MGNI]: An insightful look at the core fundamentals
Magnite Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.98 and a Current Ratio set at 0.98.
Earnings per share (EPS) analysis for Magnite Inc [MGNI] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MGNI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Magnite Inc go to 35.08%.
Magnite Inc [MGNI]: Institutional Ownership
The top three institutional holders of MGNI stocks are: VANGUARD GROUP INC with ownership of 12.96 million shares, which is approximately 9.2239%. BLACKROCK INC., holding 9.7 million shares of the stock with an approximate value of $$128.91 million in MGNI stocks shares; and BLACKROCK INC., currently with $$73.16 million in MGNI stock with ownership which is approximately 3.9164%.
