Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Magnite Inc (NASDAQ: MGNI) was $8.90 for the day, down -5.52% from the previous closing price of $9.42. In other words, the price has decreased by -$5.52 from its previous closing price. On the day, 1.81 million shares were traded. MGNI stock price reached its highest trading level at $9.2997 during the session, while it also had its lowest trading level at $8.89.
Ratios:
Our analysis of MGNI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.83.
On January 11, 2024, BofA Securities started tracking the stock assigning a Neutral rating and target price of $11.
Evercore ISI Upgraded its In-line to Outperform on August 16, 2023, whereas the target price for the stock was revised from $11 to $14.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 15 ’24 when BARRETT MICHAEL G. sold 75,000 shares for $11.21 per share. The transaction valued at 840,750 led to the insider holds 1,234,662 shares of the business.
Soroca Adam Lee sold 17,245 shares of MGNI for $195,213 on Mar 14 ’24. The CHIEF PRODUCT OFFICER now owns 493,467 shares after completing the transaction at $11.32 per share. On Nov 15 ’23, another insider, BARRETT MICHAEL G., who serves as the CEO of the company, sold 75,000 shares for $7.80 each. As a result, the insider received 585,000 and left with 1,219,203 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 1246213504 and an Enterprise Value of 1598593920. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.01 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 2.58 whereas that against EBITDA is 20.242.
Stock Price History:
Over the past 52 weeks, MGNI has reached a high of $15.73, while it has fallen to a 52-week low of $6.28. The 50-Day Moving Average of the stock is -12.37%, while the 200-Day Moving Average is calculated to be -2.92%.
Shares Statistics:
MGNI traded an average of 1.24M shares per day over the past three months and 1201310 shares per day over the past ten days. A total of 138.58M shares are outstanding, with a floating share count of 122.25M. Insiders hold about 12.70% of the company’s shares, while institutions hold 74.46% stake in the company. Shares short for MGNI as of 1713139200 were 5863999 with a Short Ratio of 4.71, compared to 1710460800 on 5937656. Therefore, it implies a Short% of Shares Outstanding of 5863999 and a Short% of Float of 4.279999999999999.
