The price-to-earnings ratio for Magnite Inc (NASDAQ: MGNI) is above average at 140.12x, Company’s 36-month beta value is 2.51.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MGNI is 136.34M, and currently, short sellers hold a 5.84% ratio of that floaft. The average trading volume of MGNI on January 03, 2025 was 1.84M shares.
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MGNI) stock’s latest price update
Magnite Inc (NASDAQ: MGNI) has experienced a rise in its stock price by 1.13 compared to its previous closing price of 15.92. However, the company has seen a fall of -1.95% in its stock price over the last five trading days. zacks.com reported 2024-12-23 that Investors with an interest in Internet – Software stocks have likely encountered both Magnite (MGNI) and Informatica Inc. (INFA). But which of these two companies is the best option for those looking for undervalued stocks?
MGNI’s Market Performance
MGNI’s stock has fallen by -1.95% in the past week, with a monthly drop of -6.34% and a quarterly rise of 35.24%. The volatility ratio for the week is 3.82% while the volatility levels for the last 30 days are 4.40% for Magnite Inc The simple moving average for the last 20 days is -2.77% for MGNI’s stock, with a simple moving average of 23.80% 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 $20 based on the research report published on December 05, 2024 of the previous year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see MGNI reach a price target of $22. The rating they have provided for MGNI stocks is “Sector Outperform” according to the report published on December 05th, 2024.
Wells Fargo gave a rating of “Equal Weight” to MGNI, setting the target price at $13 in the report published on October 29th of the previous year.
MGNI Trading at 4.21% 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 -12.40% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares sank -5.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.50% upper at present.
During the last 5 trading sessions, MGNI fell by -1.95%, which changed the moving average for the period of 200-days by +42.60% in comparison to the 20-day moving average, which settled at $16.56. In addition, Magnite Inc saw 1.13% 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 Day David, who sale 13,500 shares at the price of $16.32 back on Dec 17 ’24. After this action, Day David now owns 387,359 shares of Magnite Inc, valued at $220,320 using the latest closing price.
Day David, the CHIEF FINANCIAL OFFICER of Magnite Inc, sale 11,644 shares at $16.44 during a trade that took place back on Dec 16 ’24, which means that Day David is holding 400,859 shares at $191,427 based on the most recent closing price.
Stock Fundamentals for MGNI
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.59 for the gross margin
The net margin for Magnite Inc stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 2.51, with 0.67 for asset returns.
Based on Magnite Inc (MGNI), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 1.55.
Currently, EBITDA for the company is 115.64 million with net debt to EBITDA at 2.33. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The receivables turnover for the company is 0.57for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In a nutshell, Magnite Inc (MGNI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
