Magnite Inc. (NASDAQ:MGNI) went up by 6.07% from its latest closing price compared to the recent 1-year high of $64.39. The company’s stock price has collected 13.94% of gains in the last five trading sessions. Press Release reported on 10/12/21 that Magnite to Announce Third Quarter 2021 Financial Results on November 3, 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 295.15 x from its present earnings ratio. Plus, the 36-month beta value for MGNI is at 2.26. Opinions of the stock are interesting as 9 analysts out of 10 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.”
MGNI currently public float of 113.90M and currently shorts hold a 10.08% ratio of that float. Today, the average trading volume of MGNI was 1.91M shares.
MGNI’s Market Performance
MGNI stocks went up by 13.94% for the week, with a monthly jump of 2.81% and a quarterly performance of 3.30%, while its annual performance rate touched 233.88%. The volatility ratio for the week stands at 4.57% while the volatility levels for the past 30 days are set at 5.53% for Magnite Inc.. The simple moving average for the period of the last 20 days is 5.72% for MGNI stocks with a simple moving average of -13.71% for the last 200 days.
Analysts’ Opinion of MGNI
Many brokerage firms have already submitted their reports for MGNI stocks, with Berenberg repeating the rating for MGNI by listing it as a “Buy.” The predicted price for MGNI in the upcoming period, according to Berenberg is $37 based on the research report published on September 22nd of the current year 2021.
Macquarie, on the other hand, stated in their research note that they expect to see MGNI reach a price target of $39. The rating they have provided for MGNI stocks is “Outperform” according to the report published on August 31st, 2021.
RBC Capital Mkts gave a rating of “Outperform” to MGNI, setting the target price at $40 in the report published on August 09th of the current year.
MGNI Trading at 4.47% 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 -52.79% of loss for the given period.
Volatility was left at 5.53%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares surge +1.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.84% upper at present.
During the last 5 trading sessions, MGNI rose by +13.94%, which changed the moving average for the period of 200-days by -2.06% in comparison to the 20-day moving average, which settled at $28.77. In addition, Magnite Inc. saw -1.01% 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 Evans Katie Seitz, who sale 32,260 shares at the price of $30.00 back on Sep 14. After this action, Evans Katie Seitz now owns 354,744 shares of Magnite Inc., valued at $967,800 using the latest closing price.
Evans Katie Seitz, the Chief Operating Officer of Magnite Inc., sale 31,930 shares at $28.48 during a trade that took place back on Sep 13, which means that Evans Katie Seitz is holding 387,004 shares at $909,367 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.