We Analyzed the Future Direction of Magnite Inc. (MGNI), Here is What We Found – News Heater
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We Analyzed the Future Direction of Magnite Inc. (MGNI), Here is What We Found

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Magnite Inc. (NASDAQ:MGNI) went up by 5.47% from its latest closing price compared to the recent 1-year high of $64.39. The company’s stock price has collected 6.86% of gains in the last five trading sessions. Press Release reported on 07/16/21 that Logiq Promotes Steven Hartman to Chief Operating Officer

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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 2.40. Opinions of the stock are interesting as 6 analysts out of 7 who provided ratings for Magnite Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”


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The average price from analysts is $50.00, which is $14.26 above the current price. MGNI currently public float of 111.59M and currently shorts hold a 10.85% ratio of that float. Today, the average trading volume of MGNI was 2.58M shares.

MGNI’s Market Performance

MGNI stocks went up by 6.86% for the week, with a monthly jump of 4.67% and a quarterly performance of -12.43%, while its annual performance rate touched 385.34%. The volatility ratio for the week stands at 6.97% while the volatility levels for the past 30 days are set at 6.86% for Magnite Inc.. The simple moving average for the period of the last 20 days is -3.46% for MGNI stocks with a simple moving average of 2.84% for the last 200 days.

Analysts’ Opinion of MGNI

Many brokerage firms have already submitted their reports for MGNI stocks, with Truist repeating the rating for MGNI by listing it as a “Buy.” The predicted price for MGNI in the upcoming period, according to Truist is $37 based on the research report published on June 07th of the current year 2021.

Evercore ISI, on the other hand, stated in their research note that they expect to see MGNI reach a price target of $44. The rating they have provided for MGNI stocks is “In-line” according to the report published on April 06th, 2021.

B. Riley Securities gave a rating of “Neutral” to MGNI, setting the target price at $40 in the report published on January 28th of the current year.

MGNI Trading at 2.55% 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 -50.89% of loss for the given period.

Volatility was left at 6.86%, however, over the last 30 days, the volatility rate increased by 6.97%, as shares surge +0.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.71% upper at present.

During the last 5 trading sessions, MGNI rose by +6.86%, which changed the moving average for the period of 200-days by +319.92% in comparison to the 20-day moving average, which settled at $32.76. In addition, Magnite Inc. saw 2.96% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MGNI starting from Caine Paul, who sale 15,000 shares at the price of $31.45 back on Jul 12. After this action, Caine Paul now owns 143,544 shares of Magnite Inc., valued at $471,768 using the latest closing price.

Knopper Douglas S, the Director of Magnite Inc., sale 10,200 shares at $32.79 during a trade that took place back on Jul 09, which means that Knopper Douglas S is holding 105,056 shares at $334,443 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 -15.80, with -6.00 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.

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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.

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