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Magnite Inc (NASDAQ: MGNI) closed the day trading at $12.30 up 0.57% from the previous closing price of $12.23. In other words, the price has increased by $0.57 from its previous closing price. On the day, 1.41 million shares were traded. MGNI stock price reached its highest trading level at $12.69 during the session, while it also had its lowest trading level at $12.2.
Ratios:
For a better understanding of MGNI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.84.
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, Lake Street on July 25, 2024, initiated with a Buy rating and assigned the stock a target price of $21.
On July 16, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $16.
BofA Securities Upgraded its Neutral to Buy on May 24, 2024, whereas the target price for the stock was revised from $13 to $15.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 20 ’24 when Buckley Sean Patrick sold 2,623 shares for $13.50 per share. The transaction valued at 35,410 led to the insider holds 329,119 shares of the business.
Buckley Sean Patrick sold 2,623 shares of MGNI for $32,866 on Aug 19 ’24. The CHIEF REVENUE OFFICER now owns 331,742 shares after completing the transaction at $12.53 per share. On Aug 19 ’24, another insider, Soroca Adam Lee, who serves as the CHIEF PRODUCT OFFICER of the company, sold 7,910 shares for $12.59 each. As a result, the insider received 99,587 and left with 436,001 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 1736108288 and an Enterprise Value of 2032626816. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.67 while its Price-to-Book (P/B) ratio in mrq is 2.43. Its current Enterprise Value per Revenue stands at 3.131 whereas that against EBITDA is 24.603.
Stock Price History:
Over the past 52 weeks, MGNI has reached a high of $15.92, while it has fallen to a 52-week low of $6.28. The 50-Day Moving Average of the stock is -7.51%, while the 200-Day Moving Average is calculated to be 7.29%.
Shares Statistics:
Over the past 3-months, MGNI traded about 1.88M shares per day on average, while over the past 10 days, MGNI traded about 2385850 shares per day. A total of 138.58M shares are outstanding, with a floating share count of 124.01M. Insiders hold about 12.14% of the company’s shares, while institutions hold 78.68% stake in the company. Shares short for MGNI as of 1726185600 were 8630182 with a Short Ratio of 4.60, compared to 1723680000 on 8340392. Therefore, it implies a Short% of Shares Outstanding of 8630182 and a Short% of Float of 6.25.
