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. Until today this year the stock’s price performance recorded an increase of 58.52%. However, over the last six months, the performance has been weaker by 55.18%. The price of MGNI increased 30.66% over the last 30 days. And in the last five days, it has surged by 3.50%.
Magnite Inc (MGNI) current stock price is $24.27. During the last trading session, the stock soared, reaching $39.0 after opening at $24.27. The stock’s lowest point was $13.0 before it closed at $24.05.
Magnite Inc’s stock has had a calm market performance.
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 -3.96% away from its 52-week high, while its distance from the 52-week low is 195.26%. The stock’s price range over this timeframe has been between $8.22 and $25.27. The shares of the Communication Services sector company recorded a trading volume of approximately 2.68 million for the day, which was comparatively lower than the average daily volume of 2.76 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Magnite Inc (MGNI) has experienced a quarterly rise of 139.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.42B and boasts a workforce of 905 employees.
Expert Opinions: Analysts’ Ratings for Magnite Inc
As of right now, 10 analysts are rating Magnite Inc as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 1 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
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 15.57, with a change in price of +6.59. Similarly, Magnite Inc recorded 2,802,050 in trading volume during the last 100 days, posting a change of +37.27%.
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 0.83. Similarly, the long-term debt-to-equity ratio is also 0.53.
MGNI Stock Stochastic Average
The raw stochastic average for Magnite Inc over the last 50 days is presently at 92.53%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 86.43%. Further, the company’s Stochastic %K and %D values for the last 20 days were 82.93% and 78.30%, respectively.
