Magnite Inc (NASDAQ:MGNI) shares, rose in value on Thursday, March 27, with the stock price down by -3.45% to the previous day’s close as strong demand from buyers drove the stock to $12.30.
Actively observing the price movement in the last trading, the stock closed the session at $12.74, falling within a range of $12.27 and $12.99. The value of beta (5-year monthly) was 2.792 whereas the PE ratio was 88.68 over 12-month period. Referring to stock’s 52-week performance, its high was $21.29, and the low was $8.38. On the whole, MGNI has fluctuated by -27.05% over the past month.
With the market capitalization of Magnite Inc currently standing at about $1.76 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MGNI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of MGNI currently trading nearly -7.71% and -23.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.85, while the 7-day volatility ratio is showing 5.29% which for the 30-day chart, stands at 6.52%. Furthermore, Magnite Inc (MGNI)’s beta value is 2.66, and its average true range (ATR) is 0.85.
A comparison of Magnite Inc (MGNI) with its peers suggests the former has fared considerably weaker in the market. MGNI showed an intraday change of -3.45% in last session, and over the past year, it grew by 18.84%%.
Data on historical trading for Magnite Inc (NASDAQ:MGNI) indicates that the trading volumes over the past 10 days have averaged 2.35 and over the past 3 months, they’ve averaged 2.52 million. According to company’s latest data on outstanding shares, there are 141.43 million shares outstanding.
Nearly 3.20% of Magnite Inc’s shares belong to company insiders and institutional investors own 87.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.17 million shares as on 2025-03-14, resulting in a short ratio of 4.05. According to the data, the short interest in Magnite Inc (MGNI) stood at 870.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 10.43 million. The stock has fallen by -22.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MGNI stock heading into the next quarter.
