Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Magnite Inc’s current trading price is -22.71% away from its 52-week high, while its distance from the 52-week low is 95.94%. The stock’s price range over this period has fluctuated between $6.28 and $15.92. The company, operating within the financial sector, had a trading volume of approximately 1.11 million for the day, which was noticeably lower than the average daily share volume of 1.72 million over the last 3 months.
In terms of market performance, Magnite Inc had a fairly even. The highest value for the stock in the past year was $15.92 on 07/16/24, and the lowest value was recorded at $6.28 on 10/26/23.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Magnite Inc (MGNI) has experienced a quarterly decline of -12.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.74B and boasts a workforce of 911 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 13.32, with a change in price of -0.11. Similarly, Magnite Inc recorded 1,736,565 in trading volume during the last 100 days, posting a change of -0.89%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ 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
Today’s raw stochastic average for Magnite Inc over the last 50 days is 28.76%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 30.17%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 25.42% and 26.29%, respectively.
MGNI Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. This year’s metric has recorded a Price increase of 31.75%. However, over the past six months, we’ve seen a weaker performance of 35.22%. The price of MGNI leaped by -6.57% over the last 30 days. And in the last five days, it has surged by 2.37%.
