Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Magnite Inc (NASDAQ: MGNI) closed the day trading at $14.69 down -6.85% from the previous closing price of $15.77. In other words, the price has decreased by -$6.85 from its previous closing price. On the day, 3.69 million shares were traded.
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 4.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.38. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.14. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.77.
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, Needham on December 05, 2024, Reiterated its Buy rating but revised its target price to $20 from $17 previously.
On December 05, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $22.
On October 29, 2024, Wells Fargo started tracking the stock assigning a Equal Weight rating and target price of $13.Wells Fargo initiated its Equal Weight rating on October 29, 2024, with a $13 target price.
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 Mar 03 ’25 when ADAM SOROCA bought 15,499 shares for $15.75 per share.
Buckley Sean Patrick sold 10,527 shares of MGNI for $201,382 on Feb 19 ’25. The President, Revenue now owns 370,558 shares after completing the transaction at $19.13 per share. On Feb 19 ’25, another insider, SEAN P BUCKLEY, who serves as the Officer of the company, bought 10,527 shares for $19.13 each.
Valuation Measures:
As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 105.91, and their Forward P/E ratio for the next fiscal year is 13.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.14 while its Price-to-Book (P/B) ratio in mrq is 2.70.
Stock Price History:
Over the past 52 weeks, MGNI has reached a high of $21.29, while it has fallen to a 52-week low of $8.38. The 50-Day Moving Average of the stock is -14.59%, while the 200-Day Moving Average is calculated to be 0.94%.
Shares Statistics:
A total of 141.43M shares are outstanding, with a floating share count of 138.28M. Insiders hold about 3.27% of the company’s shares, while institutions hold 87.38% stake in the company.
