Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price gain of 28.69% this year. Over the last six months, there has been a weaker performance of 40.09%. The price of MGNI leaped by -8.38% during the last 30 days period. For the last 5-days stocks have slided -0.50%.
Magnite Inc’s stock market performance has been consistent. The 1-year high for the company’s stock was recorded at $15.92 on 07/16/24, with the lowest value being $6.28 on 10/26/23.
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52-week price history of MGNI Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Magnite Inc’s current trading price is -24.50% away from its 52-week high, while its distance from the 52-week low is 91.40%. The stock’s price range over this timeframe has been between $6.28 and $15.92. The shares of the Communication Services sector company recorded a trading volume of approximately 1.71 million for the day, which was comparatively lower than the average daily volume of 1.82 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Magnite Inc (MGNI) has experienced a quarterly decline of -17.33% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.70B and boasts a workforce of 911 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.33, with a change in price of +0.95. Similarly, Magnite Inc recorded 1,779,424 in trading volume during the last 100 days, posting a change of +8.58%.
MGNI’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for MGNI stands at 0.87. Similarly, the long-term debt-to-equity ratio is also 0.84.
MGNI Stock Stochastic Average
The raw stochastic average for Magnite Inc over the last 50 days is presently at 40.74%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 23.05%. Further, the company’s Stochastic %K and %D values for the last 20 days were 30.73% and 31.11%, respectively.
