12-month Target Price for Magnite Inc. (MGNI) Reaches at $10.50

Magnite Inc. (MGNI) share price soared 2.25% with the closing price of $9.31 on Wednesday. Magnite Inc. stock has an exchanging volume of 6.96 million shares, which is high, contrasted with its 3-months average volume of 2.07M shares. Its market capitalization has now reached to $1.04B and analysts have a consensus target price of $10.50 in the 12-month period.

Magnite to Announce Third Quarter 2020 Financial Results on November 9, 2020 on October 12, 2020 at Yahoo.

Magnite (NASDAQ: MGNI) reported that it will announce its financial results for the quarter ended September 30, 2020 after the market close on Monday, November 9, 2020. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook.

RBC Capital Mkts announced it was Initiated coverage of Magnite Inc. in a research note on September 29, 2020. Needham rated the stock as a Buy in a research noted published on September 03, 2020.

MGNI Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, MGNI price has rose by 12.30%. In the course of past three months sees the stock go up around 47.08%, while it has gain 73.05% over the past six months and 14.09% since the start of the year.

MGNI Earning History

Earnings per share are the amount of profit that a company produces during a specific period, which is usually defined as a quarter (three calendar months) or a year. In recent quarter of (Sep 2020), the firm recorded a revenue of 42.35 billion, which was higher than the gauge of 53.18M made by certain experts. For that equivalent quarter, Magnite Inc. posted -$0.1 earnings per share (EPS) which was above the consensus estimate of -$0.14 by $0.04, which represents to an expansion by 28.60%.

MGNI Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on Magnite Inc. has seen its stock exchanging -3.82% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +67.15% above its three-month low. A more extensive look sees MGNI exchanging -28.99% beneath its 52-week high and 127.63% above from its 52-week low price.

MGNI Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 7.88%, while it has a month to month instability of 7.07%. The company has an ATR (Average True Range) of 0.56 and a beta factor of 1.64.

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