Magnite, Inc. (NASDAQ:MGNI) went up by 9.19% from its latest closing price compared to the recent 1-year high of $13.11. The company’s stock price has collected 0.31% of gains in the last five trading sessions.
Is It Worth Investing in Magnite, Inc. (NASDAQ :MGNI) Right Now?
Plus, the 36-month beta value for MGNI is at 1.63. Opinions of the stock are interesting as 6 analysts out of 6 who provided ratings for Magnite, Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $10.75, which is -$6.41 below the current price. MGNI currently public float of 105.41M and currently shorts hold a 11.84% ratio of that float. Today, the average trading volume of MGNI was 2.07M shares.
MGNI’s Market Performance
MGNI stocks went up by 0.31% for the week, with a monthly drop of -14.81% and a quarterly performance of -12.24%, while its annual performance rate touched -31.83%. The volatility ratio for the week stands at 7.65% while the volatility levels for the past 30 days are set at 5.82% for Magnite, Inc.. The simple moving average for the period of the last 20 days is -8.23% for MGNI stocks with a simple moving average of -14.07% for the last 200 days.
Analysts’ Opinion of MGNI
Many brokerage firms have already submitted their reports for MGNI stocks, with Needham repeating the rating for MGNI by listing it as a “Buy.” The predicted price for MGNI in the upcoming period, according to Needham is $10 based on the research report published on September 3rd of the current year 2020.
MGNI Trading at -4.45% from the 50-Day Moving Average
After a stumble in the market that brought MGNI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.07% of loss for the given period.
Volatility was left at 5.82%, however, over the last 30 days, the volatility rate increased by 7.65%, as shares sank -13.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.62% lower at present.
During the last 5 trading sessions, MGNI rose by +0.31%, which changed the moving average for the period of 200-days by -20.61% in comparison to the 20-day moving average, which settled at $6.94. In addition, Magnite, Inc. saw -21.38% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MGNI starting from Soroca Adam Lee, who sold 5,182 shares at the price of $7.38 back on Sep 01. After this action, Soroca Adam Lee now owns 413,978 shares of Magnite, Inc., valued at $38,243 using the latest closing price.
Kershaw Thomas, the Chief Technology Officer of Magnite, Inc., sold 30,000 shares at $7.48 during a trade that took place back on Aug 17, which means that Kershaw Thomas is holding 613,609 shares at $224,400 based on the most recent closing price.
Stock Fundamentals for MGNI
Current profitability levels for the company are sitting at:
- -17.63 for the present operating margin
- +62.17 for the gross margin
The net margin for Magnite, Inc. stands at -16.29. The total capital return value is set at -21.85, while invested capital returns managed to touch -20.78. Equity return is now at value -31.80, with -11.90 for asset returns.
Based on Magnite, Inc. (MGNI), the company’s capital structure generated 20.11 points at debt to equity in total, while total debt to capital is 16.74.
When we switch over and look at the enterprise to sales, we see a ratio of 2.32, with the company’s debt to enterprise value settled at 0.06. The receivables turnover for the company is 0.74 and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.