For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Magnite Inc (NASDAQ: MGNI) closed at $9.08 in the last session, down -6.39% from day before closing price of $9.70. In other words, the price has decreased by -$6.39 from its previous closing price. On the day, 3.67 million shares were traded. MGNI stock price reached its highest trading level at $9.43 during the session, while it also had its lowest trading level at $8.55.
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 2.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.41. 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:
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 Mar 03 ’25 when Gephart Brian sold 6,250 shares for $16.00 per share. The transaction valued at 100,000 led to the insider holds 132,909 shares of the business.
Soroca Adam Lee sold 15,499 shares of MGNI for $244,109 on Mar 03 ’25. The CHIEF PRODUCT OFFICER now owns 458,386 shares after completing the transaction at $15.75 per share. On Mar 03 ’25, another insider, Gephart Brian, who serves as the Officer of the company, bought 6,250 shares for $16.00 each.
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 1297995136 and an Enterprise Value of 1423592448. As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 65.47, and their Forward P/E ratio for the next fiscal year is 8.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 1.67. Its current Enterprise Value per Revenue stands at 2.131 whereas that against EBITDA is 14.586.
Stock Price History:
The Beta on a monthly basis for MGNI is 2.75, which has changed by -0.078172565 over the last 52 weeks, in comparison to a change of -0.024663687 over the same period for the S&P500. 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 -41.19%, while the 200-Day Moving Average is calculated to be -37.69%.
Shares Statistics:
According to the various share statistics, MGNI traded on average about 2.64M shares per day over the past 3-months and 2625330 shares per day over the past 10 days. A total of 141.43M shares are outstanding, with a floating share count of 138.38M. Insiders hold about 3.20% of the company’s shares, while institutions hold 87.87% stake in the company. Shares short for MGNI as of 1741910400 were 12172624 with a Short Ratio of 4.61, compared to 1739491200 on 10426458. Therefore, it implies a Short% of Shares Outstanding of 12172624 and a Short% of Float of 8.7.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
