The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Magnite Inc (NASDAQ: MGNI) was $15.84 for the day, down -4.41% from the previous closing price of $16.57. In other words, the price has decreased by -$4.41 from its previous closing price. On the day, 1.76 million shares were traded. MGNI stock price reached its highest trading level at $16.91 during the session, while it also had its lowest trading level at $15.66.
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 5.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.04. 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:
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 Dec 17 ’24 when Day David sold 13,500 shares for $16.32 per share. The transaction valued at 220,320 led to the insider holds 387,359 shares of the business.
Day David sold 11,644 shares of MGNI for $191,427 on Dec 16 ’24. The CHIEF FINANCIAL OFFICER now owns 400,859 shares after completing the transaction at $16.44 per share. On Dec 17 ’24, another insider, DAVID DAY, who serves as the Officer of the company, bought 13,500 shares for $16.32 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 2228529664 and an Enterprise Value of 2459910656. As of this moment, Magnite’s Price-to-Earnings (P/E) ratio for their current fiscal year is 137.86, and their Forward P/E ratio for the next fiscal year is 16.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.37 while its Price-to-Book (P/B) ratio in mrq is 3.08. Its current Enterprise Value per Revenue stands at 3.721 whereas that against EBITDA is 27.076.
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 $8.38. The 50-Day Moving Average of the stock is 7.62%, while the 200-Day Moving Average is calculated to be 23.86%.
Shares Statistics:
MGNI traded an average of 1.90M shares per day over the past three months and 1549230 shares per day over the past ten days. A total of 141.15M shares are outstanding, with a floating share count of 136.32M. Insiders hold about 3.11% of the company’s shares, while institutions hold 86.47% stake in the company. Shares short for MGNI as of 1732838400 were 8392381 with a Short Ratio of 4.43, compared to 1730332800 on 8631944. Therefore, it implies a Short% of Shares Outstanding of 8392381 and a Short% of Float of 6.1.
