Magnite Inc. (NASDAQ:MGNI) went up by 1.89% from its latest closing price compared to the recent 1-year high of $33.00. The company’s stock price has collected -7.44% of loss in the last five trading sessions. Press Release reported 56 min ago that SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Magnite, Inc. – MGNI
Is It Worth Investing in Magnite Inc. (NASDAQ :MGNI) Right Now?
Plus, the 36-month beta value for MGNI is at 2.42. Opinions of the stock are interesting as 8 analysts out of 8 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 $21.13, which is -$4.43 below the current price. MGNI currently public float of 106.78M and currently shorts hold a 12.08% ratio of that float. Today, the average trading volume of MGNI was 5.08M shares.
MGNI’s Market Performance
MGNI stocks went down by -7.44% for the week, with a monthly jump of 37.69% and a quarterly performance of 215.10%, while its annual performance rate touched 145.96%. The volatility ratio for the week stands at 14.37% while the volatility levels for the past 30 days are set at 11.03% for Magnite Inc.. The simple moving average for the period of the last 20 days is -0.52% for MGNI stocks with a simple moving average of 162.47% 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 $30 based on the research report published on December 21st of the previous year 2020.
Susquehanna, on the other hand, stated in their research note that they expect to see MGNI reach a price target of $30. The rating they have provided for MGNI stocks is “Positive” according to the report published on December 18th, 2020.
Needham gave a rating of “Buy” to MGNI, setting the target price at $15 in the report published on November 10th of the previous year.
MGNI Trading at 36.43% 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 -22.56% of loss for the given period.
Volatility was left at 11.03%, however, over the last 30 days, the volatility rate increased by 14.37%, as shares surge +31.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +179.29% upper at present.
During the last 5 trading sessions, MGNI fell by -7.44%, which changed the moving average for the period of 200-days by +321.70% in comparison to the 20-day moving average, which settled at $25.99. In addition, Magnite Inc. saw -16.79% 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 sale 6,695 shares at the price of $29.44 back on Jan 04. After this action, Soroca Adam Lee now owns 341,111 shares of Magnite Inc., valued at $197,101 using the latest closing price.
Soroca Adam Lee, the Head of Global Buyer Team of Magnite Inc., sale 10,000 shares at $20.00 during a trade that took place back on Dec 03, which means that Soroca Adam Lee is holding 347,806 shares at $200,000 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 -25.00, with -9.90 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. 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.
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.