Magnite Inc. (NASDAQ:MGNI) went up by 4.10% from its latest closing price compared to the recent 1-year high of $13.11. The company’s stock price has collected 16.43% of gains in the last five trading sessions. Press Release reported on 09/29/20 that Discovery Selects Magnite to Strengthen DTC Advertising Proposition for Streaming Services in the UK, Japan and India
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Is It Worth Investing in Magnite Inc. (NASDAQ :MGNI) Right Now?
Plus, the 36-month beta value for MGNI is at 1.60. Opinions of the stock are interesting as 7 analysts out of 7 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 $10.50, which is $3.52 above the current price. MGNI currently public float of 105.41M and currently shorts hold a 11.51% ratio of that float. Today, the average trading volume of MGNI was 2.01M shares.
MGNI’s Market Performance
MGNI stocks went up by 16.43% for the week, with a monthly drop of -3.54% and a quarterly performance of 6.17%, while its annual performance rate touched -12.36%. The volatility ratio for the week stands at 5.42% while the volatility levels for the past 30 days are set at 6.26% for Magnite Inc.. The simple moving average for the period of the last 20 days is 12.83% for MGNI stocks with a simple moving average of -2.23% for the last 200 days.
Analysts’ Opinion of MGNI
Many brokerage firms have already submitted their reports for MGNI stocks, with RBC Capital Mkts repeating the rating for MGNI by listing it as a “Outperform.” The predicted price for MGNI in the upcoming period, according to RBC Capital Mkts is $9 based on the research report published on September 29th of the current year 2020.
Needham, on the other hand, stated in their research note that they expect to see MGNI reach a price target of $10. The rating they have provided for MGNI stocks is “Buy” according to the report published on September 03rd, 2020.
MGNI Trading at 7.89% 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 -44.85% of loss for the given period.
Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 5.42%, as shares sank -4.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.13% upper at present.
During the last 5 trading sessions, MGNI rose by +16.43%, which changed the moving average for the period of 200-days by -0.69% in comparison to the 20-day moving average, which settled at $6.39. In addition, Magnite Inc. saw -11.40% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MGNI starting from Soroca Adam Lee, who sale 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., sale 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.
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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. Total debt to assets is 5.70, with long-term debt to equity ratio resting at 13.61. Finally, the long-term debt to capital ratio is 11.33.
Currently, EBITDA for the company is -13.51M with total debt to EBITDA at 0.00. 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.
