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As of close of business last night, Magnite Inc’s stock clocked out at $12.37, down -0.24% from its previous closing price of $12.40. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 1.66 million shares were traded. MGNI stock price reached its highest trading level at $12.595 during the session, while it also had its lowest trading level at $12.1525.
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 5.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.20. 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:
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 Jul 16 ’24 when Buckley Sean Patrick sold 19,604 shares for $15.50 per share. The transaction valued at 303,862 led to the insider holds 344,011 shares of the business.
BARRETT MICHAEL G. sold 100,000 shares of MGNI for $1,500,000 on Jul 15 ’24. The CEO now owns 1,052,493 shares after completing the transaction at $15.00 per share. On Jul 15 ’24, another insider, Day David, who serves as the CHIEF FINANCIAL OFFICER of the company, sold 19,077 shares for $15.00 each. As a result, the insider received 286,155 and left with 430,755 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 1750218752 and an Enterprise Value of 2042507136. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.69 while its Price-to-Book (P/B) ratio in mrq is 2.45. Its current Enterprise Value per Revenue stands at 3.146 whereas that against EBITDA is 24.723.
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 -9.56%, while the 200-Day Moving Average is calculated to be 18.61%.
Shares Statistics:
It appears that MGNI traded 2.16M shares on average per day over the past three months and 2351870 shares per day over the past ten days. A total of 138.58M shares are outstanding, with a floating share count of 123.69M. Insiders hold about 12.37% of the company’s shares, while institutions hold 74.78% stake in the company. Shares short for MGNI as of 1721001600 were 6944842 with a Short Ratio of 3.45, compared to 1718323200 on 7111614. Therefore, it implies a Short% of Shares Outstanding of 6944842 and a Short% of Float of 5.07.
