Financial Snapshot: Analyzing Magnite Inc (MGNI)’s Key Ratio Metrics

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The closing price of Magnite Inc (NASDAQ: MGNI) was $17.56 for the day, down -0.51% from the previous closing price of $17.65. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 1.37 million shares were traded. MGNI stock price reached its highest trading level at $17.69 during the session, while it also had its lowest trading level at $17.17.

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 6.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.46. 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, 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:

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 Jan 03 ’25 when Day David sold 13,345 shares for $17.00 per share. The transaction valued at 226,865 led to the insider holds 374,014 shares of the business.

DAVID DAY bought 13,345 shares of MGNI for $226,865 on Jan 03 ’25. On Dec 17 ’24, another insider, Day David, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 13,500 shares for $16.32 each. As a result, the insider received 220,320 and left with 387,359 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 2470516224 and an Enterprise Value of 2701898240. As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 152.83, and their Forward P/E ratio for the next fiscal year is 18.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.74 while its Price-to-Book (P/B) ratio in mrq is 3.41. Its current Enterprise Value per Revenue stands at 4.087 whereas that against EBITDA is 29.739.

Stock Price History:

The Beta on a monthly basis for MGNI is 2.52, which has changed by 0.9481236 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, MGNI has reached a high of $18.38, while it has fallen to a 52-week low of $8.38. The 50-Day Moving Average of the stock is 6.34%, while the 200-Day Moving Average is calculated to be 29.78%.

Shares Statistics:

MGNI traded an average of 1.87M shares per day over the past three months and 1775170 shares per day over the past ten days. A total of 141.15M shares are outstanding, with a floating share count of 135.78M. Insiders hold about 3.49% of the company’s shares, while institutions hold 86.55% stake in the company. Shares short for MGNI as of 1736899200 were 8774443 with a Short Ratio of 4.69, compared to 1734048000 on 7963439. Therefore, it implies a Short% of Shares Outstanding of 8774443 and a Short% of Float of 6.370000000000001.

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