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The closing price of Magnite Inc (NASDAQ: MGNI) was $13.09 for the day, up 4.39% from the previous closing price of $12.54. In other words, the price has increased by $4.39 from its previous closing price. On the day, 1.72 million shares were traded. MGNI stock price reached its highest trading level at $13.145 during the session, while it also had its lowest trading level at $12.47.
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 5.66 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.79. 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:
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 Aug 19 ’24 when ADAM SOROCA bought 7,910 shares for $12.59 per share.
SEAN P BUCKLEY bought 2,623 shares of MGNI for $32,866 on Aug 19 ’24. On Aug 15 ’24, another insider, BARRETT MICHAEL G., who serves as the CEO of the company, sold 75,000 shares for $12.63 each. As a result, the insider received 947,250 and left with 944,552 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 1847614336 and an Enterprise Value of 2144132864. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 2.59. Its current Enterprise Value per Revenue stands at 3.303 whereas that against EBITDA is 25.953.
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 -4.03%, while the 200-Day Moving Average is calculated to be 23.79%.
Shares Statistics:
MGNI traded an average of 1.87M shares per day over the past three months and 2028620 shares per day over the past ten days. A total of 138.58M shares are outstanding, with a floating share count of 123.53M. Insiders hold about 12.48% of the company’s shares, while institutions hold 75.03% stake in the company. Shares short for MGNI as of 1722384000 were 7443308 with a Short Ratio of 3.98, compared to 1719532800 on 6641483. Therefore, it implies a Short% of Shares Outstanding of 7443308 and a Short% of Float of 5.390000000000001.
