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The price of Magnite Inc (NASDAQ: MGNI) closed at $16.60 in the last session, down -3.09% from day before closing price of $17.13. In other words, the price has decreased by -$3.09 from its previous closing price. On the day, 3.55 million shares were traded. MGNI stock price reached its highest trading level at $18.38 during the session, while it also had its lowest trading level at $16.56.
Ratios:
We take a closer look at MGNI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.11 and its Current Ratio is at 1.11. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.82.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on October 29, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $13.
On July 25, 2024, Lake Street started tracking the stock assigning a Buy rating and target price of $21.
On July 16, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $16.Wolfe Research initiated its Outperform rating on July 16, 2024, with a $16 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 25 ’24 when BARRETT MICHAEL G. bought 27,004 shares for $17.63 per share.
AARON SALTZ bought 6,110 shares of MGNI for $106,925 on Nov 25 ’24. On Nov 20 ’24, another insider, Spillane Robert F, who serves as the Director of the company, sold 12,500 shares for $16.12 each. As a result, the insider received 201,500 and left with 70,651 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MGNI now has a Market Capitalization of 2335453952 and an Enterprise Value of 2566835200. As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 144.47, and their Forward P/E ratio for the next fiscal year is 18.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.66 while its Price-to-Book (P/B) ratio in mrq is 3.23. Its current Enterprise Value per Revenue stands at 3.882 whereas that against EBITDA is 28.253.
Stock Price History:
Over the past 52 weeks, MGNI has reached a high of $17.19, while it has fallen to a 52-week low of $7.97. The 50-Day Moving Average of the stock is 23.51%, while the 200-Day Moving Average is calculated to be 35.31%.
Shares Statistics:
According to the various share statistics, MGNI traded on average about 1.85M shares per day over the past 3-months and 2751950 shares per day over the past 10 days. A total of 138.58M shares are outstanding, with a floating share count of 136.13M. Insiders hold about 3.24% of the company’s shares, while institutions hold 86.38% stake in the company. Shares short for MGNI as of 1730332800 were 8631944 with a Short Ratio of 4.68, compared to 1727654400 on 8950640. Therefore, it implies a Short% of Shares Outstanding of 8631944 and a Short% of Float of 6.2700000000000005.
