Here's How Much $1000 Invested In Magnite 5 Years Ago Would Be Worth Today

Magnite (NASDAQ:MGNI) has outperformed the market over the past 5 years by 1.99% on an annualized basis producing an average annual return of 15.95%. Currently, Magnite has a market capitalization of $2.72 billion.

Buying $1000 In MGNI: If an investor had bought $1000 of MGNI stock 5 years ago, it would be worth $2,302.17 today based on a price of $19.09 for MGNI at the time of writing.

Magnite's Performance Over Last 5 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.