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After finishing at $16.62 in the prior trading day, Magnite Inc (NASDAQ: MGNI) closed at $16.79, up 1.02%. In other words, the price has increased by $1.02 from its previous closing price. On the day, 0.7 million shares were traded. MGNI stock price reached its highest trading level at $16.87 during the session, while it also had its lowest trading level at $16.6.
Ratios:
Our goal is to gain a better understanding of MGNI by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.16 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.97. 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, Wells Fargo on October 29, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $13.
On July 25, 2024, Lake Street started tracking the stock assigning a Buy rating and target price of $21.
On July 16, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $16.Wolfe Research initiated its Outperform rating on July 16, 2024, with a $16 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 27 ’24 when Buonasera David sold 431 shares for $16.78 per share. The transaction valued at 7,232 led to the insider holds 225,764 shares of the business.
BARRETT MICHAEL G. sold 27,004 shares of MGNI for $476,081 on Nov 25 ’24. The CEO now owns 782,910 shares after completing the transaction at $17.63 per share. On Nov 25 ’24, another insider, Saltz Aaron, who serves as the CHIEF LEGAL OFFICER of the company, sold 6,110 shares for $17.50 each. As a result, the insider received 106,925 and left with 297,482 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 2362185216 and an Enterprise Value of 2593566464. As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 146.13, and their Forward P/E ratio for the next fiscal year is 18.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.94. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.61 while its Price-to-Book (P/B) ratio in mrq is 3.26. Its current Enterprise Value per Revenue stands at 3.923 whereas that against EBITDA is 28.547.
Stock Price History:
Over the past 52 weeks, MGNI has reached a high of $18.38, while it has fallen to a 52-week low of $7.97. The 50-Day Moving Average of the stock is 23.01%, while the 200-Day Moving Average is calculated to be 35.62%.
Shares Statistics:
The stock has traded on average 1.89M shares per day over the past 3-months and 1952780 shares per day over the last 10 days, according to various share statistics. A total of 138.58M shares are outstanding, with a floating share count of 136.18M. Insiders hold about 3.23% of the company’s shares, while institutions hold 86.38% stake in the company. Shares short for MGNI as of 1731628800 were 7820838 with a Short Ratio of 4.13, compared to 1728950400 on 8839969. Therefore, it implies a Short% of Shares Outstanding of 7820838 and a Short% of Float of 5.6799997.
