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As of close of business last night, Magnite Inc’s stock clocked out at $19.39, down -3.05% from its previous closing price of $20.00. In other words, the price has decreased by -$3.05 from its previous closing price. On the day, 2.13 million shares were traded.
Ratios:
To gain a deeper understanding of MGNI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.96. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 10 ’25 when Caine Paul sold 5,000 shares for $20.35 per share. The transaction valued at 101,750 led to the insider holds 182,837 shares of the business.
PAUL CAINE bought 15,000 shares of MGNI for $317,550 on Feb 10 ’25. On Feb 07 ’25, another insider, Rossman James, who serves as the Director of the company, sold 149,936 shares for $19.46 each. As a result, the insider received 2,917,755 and left with 219,920 shares of the company.
Valuation Measures:
As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 168.76, and their Forward P/E ratio for the next fiscal year is 20.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.82. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.13 while its Price-to-Book (P/B) ratio in mrq is 3.77.
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 12.91%, while the 200-Day Moving Average is calculated to be 36.59%.
Shares Statistics:
A total of 141.15M shares are outstanding, with a floating share count of 135.89M. Insiders hold about 3.41% of the company’s shares, while institutions hold 88.90% stake in the company.
Earnings Estimates
The current rating of Magnite Inc (MGNI) is the result of assessments by 8.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $0.06, with high estimates of $0.13 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0.92 and $0.69 for the fiscal current year, implying an average EPS of $0.76. EPS for the following year is $0.93, with 8.0 analysts recommending between $1.03 and $0.8.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $183.89M. It ranges from a high estimate of $185.47M to a low estimate of $182M. As of the current estimate, Magnite Inc’s year-ago sales were $165.28MFor the next quarter, 9 analysts are estimating revenue of $141.46M. There is a high estimate of $143.28M for the next quarter, whereas the lowest estimate is $139.82M.
A total of 10 analysts have provided revenue estimates for MGNI’s current fiscal year. The highest revenue estimate was $612.22M, while the lowest revenue estimate was $608.74M, resulting in an average revenue estimate of $610.69M. In the same quarter a year ago, actual revenue was $549.15MBased on 10 analysts’ estimates, the company’s revenue will be $673.64M in the next fiscal year. The high estimate is $680.02M and the low estimate is $669.19M.
