Magnite MGNI
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Magnite (MGNI) Business Model and Operations Summary
Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020. Magnite, Inc. was incorporated in 2007 and is headquartered in New York, New York.
Key Insights
Magnite (MGNI) Core Market Data and Business Metrics
Latest Closing Price
$23.07Market Cap
$3.17 BillionAverage Daily Volume
2,715,404 Shares52-Week Range
$8.22-$25.27Price-Earnings Ratio
72.09Total Outstanding Shares
142.40 Million SharesCEO
Michael G. BarrettTotal Employees
905Current Dividend
No dividendIPO Date
April 2, 2014SIC Description
Services-computer Programming, Data Processing, Etc.Headquarters
1250 Broadway, New York, NY, 10001