Magnite Inc. (NASDAQ:MGNI) went down by -4.84% from its latest closing price compared to the recent 1-year high of $64.39. The company’s stock price has collected -8.94% of loss in the last five trading sessions. Press Release reported on 09/08/21 that Magnite to Webcast Investor Day September 15, 2021
Is It Worth Investing in Magnite Inc. (NASDAQ :MGNI) Right Now?
Magnite Inc. (NASDAQ:MGNI) scored a price-to-earnings ratio above its average ratio, recording 278.83 x from its present earnings ratio. Plus, the 36-month beta value for MGNI is at 2.30. Opinions of the stock are interesting as 8 analysts out of 9 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.”
The average price from analysts is $48.44, which is $20.91 above the current price. MGNI currently public float of 113.90M and currently shorts hold a 10.34% ratio of that float. Today, the average trading volume of MGNI was 2.21M shares.
MGNI’s Market Performance
MGNI stocks went down by -8.94% for the week, with a monthly drop of -8.48% and a quarterly performance of -9.77%, while its annual performance rate touched 405.63%. The volatility ratio for the week stands at 5.62% while the volatility levels for the past 30 days are set at 5.76% for Magnite Inc.. The simple moving average for the period of the last 20 days is 1.04% for MGNI stocks with a simple moving average of -16.54% for the last 200 days.
Analysts’ Opinion of MGNI
Many brokerage firms have already submitted their reports for MGNI stocks, with Macquarie repeating the rating for MGNI by listing it as a “Outperform.” The predicted price for MGNI in the upcoming period, according to Macquarie is $39 based on the research report published on August 31st of the current year 2021.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see MGNI reach a price target of $40. The rating they have provided for MGNI stocks is “Outperform” according to the report published on August 09th, 2021.
Truist gave a rating of “Buy” to MGNI, setting the target price at $37 in the report published on June 07th of the current year.
MGNI Trading at -5.06% 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 -55.40% of loss for the given period.
Volatility was left at 5.76%, however, over the last 30 days, the volatility rate increased by 5.62%, as shares sank -1.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.19% lower at present.
During the last 5 trading sessions, MGNI fell by -8.94%, which changed the moving average for the period of 200-days by +61.99% in comparison to the 20-day moving average, which settled at $28.41. In addition, Magnite Inc. saw -6.48% 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 Saltz Aaron, who sale 40,004 shares at the price of $30.21 back on Sep 10. After this action, Saltz Aaron now owns 266,478 shares of Magnite Inc., valued at $1,208,521 using the latest closing price.
Saltz Aaron, the General Counsel of Magnite Inc., sale 1,481 shares at $26.82 during a trade that took place back on Aug 16, which means that Saltz Aaron is holding 258,416 shares at $39,720 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 3.90, with 1.40 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.