Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Magnite Inc (NASDAQ: MGNI) was $11.40 for the day, down -0.09% from the previous closing price of $11.41. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 2.24 million shares were traded. MGNI stock price reached its highest trading level at $11.48 during the session, while it also had its lowest trading level at $11.15.
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 3.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.05. 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:
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 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 1629641472 and an Enterprise Value of 1755239680. As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 82.19, and their Forward P/E ratio for the next fiscal year is 10.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.44 while its Price-to-Book (P/B) ratio in mrq is 2.10. Its current Enterprise Value per Revenue stands at 2.627 whereas that against EBITDA is 17.985.
Stock Price History:
The Beta on a monthly basis for MGNI is 2.69, which has changed by 0.13545811 over the last 52 weeks, in comparison to a change of 0.08089435 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 -27.95%, while the 200-Day Moving Average is calculated to be -22.06%.
Shares Statistics:
MGNI traded an average of 2.59M shares per day over the past three months and 2333670 shares per day over the past ten 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 87.90% stake in the company. Shares short for MGNI as of 1741910400 were 12172624 with a Short Ratio of 4.70, compared to 1739491200 on 10426458. Therefore, it implies a Short% of Shares Outstanding of 12172624 and a Short% of Float of 8.7.
