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Will Magnite Inc (MGNI) Beat the Rest of the Stocks in the Communication Services Sector?

Tuesday, November 16, 2021 02:35 PM | InvestorsObserver Analysts

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Will Magnite Inc (MGNI) Beat the Rest of the Stocks in the Communication Services Sector?

A rating of 83 puts Magnite Inc (MGNI) near the top of the Communication Services sector according to InvestorsObserver. Magnite Inc's score of 83 means that it ranks higher than 83% of stocks in the sector. In addition, its overall score of 49 ranks it higher than 49% of all stocks.

Overall Score - 49
MGNI has an Overall Score of 49. Find out what this means to you and get the rest of the rankings on MGNI!

What do These Ratings Mean?

Finding the best stocks can be tricky. It isn’t easy to compare companies across industries. Even companies in the communication services sector can be tricky to compare sometimes. InvestorsObserver’s tools allow a top-down approach that lets you pick a metric, find the top sector and industry and then find the best stocks in that sector. Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. This makes InvestorsObserver’s overall rating a great way to get started, regardless of your investing style. Percentile-ranked scores are also easy to understand. A score of 100 is the top and a 0 is the bottom. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.

What's Happening With Magnite Inc Stock Today?

Magnite Inc (MGNI) stock is lower by -1.51% while the S&P 500 is higher by 0.61% as of 2:19 PM on Tuesday, Nov 16. MGNI is down -$0.34 from the previous closing price of $22.50 on volume of 1,544,201 shares. Over the past year the S&P 500 is higher by 29.90% while MGNI is higher by 97.68%. MGNI earned $0.01 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1700.15. Click Here to get the full Stock Report for Magnite Inc stock.

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