Magnite Inc. (NASDAQ:MGNI) went down by -2.76% from its latest closing price compared to the recent 1-year high of $64.39. The company’s stock price has collected -3.77% of loss in the last five trading sessions. Press Release reported on 02/24/21 that Magnite Reports Fourth Quarter 2020 Results
Is It Worth Investing in Magnite Inc. (NASDAQ :MGNI) Right Now?
Plus, the 36-month beta value for MGNI is at 2.47. Opinions of the stock are interesting as 6 analysts out of 8 who provided ratings for Magnite Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $59.13, which is $8.4 above the current price. MGNI currently public float of 106.79M and currently shorts hold a 8.10% ratio of that float. Today, the average trading volume of MGNI was 5.82M shares.
MGNI’s Market Performance
MGNI stocks went down by -3.77% for the week, with a monthly jump of 46.45% and a quarterly performance of 160.55%, while its annual performance rate touched 359.93%. The volatility ratio for the week stands at 12.85% while the volatility levels for the past 30 days are set at 11.09% for Magnite Inc.. The simple moving average for the period of the last 20 days is -4.63% for MGNI stocks with a simple moving average of 209.31% for the last 200 days.
Analysts’ Opinion of MGNI
Many brokerage firms have already submitted their reports for MGNI stocks, with B. Riley Securities repeating the rating for MGNI by listing it as a “Neutral.” The predicted price for MGNI in the upcoming period, according to B. Riley Securities is $40 based on the research report published on January 28th of the current year 2021.
Truist, on the other hand, stated in their research note that they expect to see MGNI reach a price target of $37, previously predicting the price at $12. The rating they have provided for MGNI stocks is “Hold” according to the report published on January 25th, 2021.
Craig Hallum gave a rating of “Buy” to MGNI, setting the target price at $45 in the report published on January 22nd of the current year.
MGNI Trading at 28.81% 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 -21.21% of loss for the given period.
Volatility was left at 11.09%, however, over the last 30 days, the volatility rate increased by 12.85%, as shares surge +30.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +158.04% upper at present.
During the last 5 trading sessions, MGNI fell by -3.77%, which changed the moving average for the period of 200-days by +931.10% in comparison to the 20-day moving average, which settled at $53.78. In addition, Magnite Inc. saw 65.19% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at MGNI starting from Kershaw Thomas, who sale 50,000 shares at the price of $59.20 back on Feb 16. After this action, Kershaw Thomas now owns 583,216 shares of Magnite Inc., valued at $2,960,000 using the latest closing price.
Day David, the CFO of Magnite Inc., sale 7,372 shares at $60.69 during a trade that took place back on Feb 16, which means that Day David is holding 277,335 shares at $447,407 based on the most recent closing price.
Stock Fundamentals for MGNI
Current profitability levels for the company are sitting at:
- -16.55 for the present operating margin
- +58.44 for the gross margin
The net margin for Magnite Inc. stands at -24.11. The total capital return value is set at -13.14, while invested capital returns managed to touch -19.75. Equity return is now at value -23.10, with -9.20 for asset returns.
Based on Magnite Inc. (MGNI), the company’s capital structure generated 11.03 points at debt to equity in total, while total debt to capital is 9.93. Total debt to assets is 4.48, with long-term debt to equity ratio resting at 8.46. Finally, the long-term debt to capital ratio is 7.62.
When we switch over and look at the enterprise to sales, we see a ratio of 13.06, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 0.64 and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.16.