Magnite Inc (NASDAQ: MGNI)’s stock price has plunge by 4.75relation to previous closing price of 9.68. Nevertheless, the company has seen a 12.67% surge in its stock price over the last five trading sessions. globenewswire.com reported 2025-04-09 that NEW YORK, April 09, 2025 (GLOBE NEWSWIRE) — Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, will announce its financial results for the first quarter ended March 31, 2025 after the market close on Wednesday, May 7, 2025. The Company will host a conference call at 1:30 PM (PT) / 4:30 PM (ET) the same day to discuss its financial results and outlook.
Is It Worth Investing in Magnite Inc (NASDAQ: MGNI) Right Now?
Magnite Inc (NASDAQ: MGNI) has a higher price-to-earnings ratio of 73.11x compared to its average ratio. MGNI has 36-month beta value of 2.76. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for MGNI is 138.38M, and currently, short sellers hold a 9.44% ratio of that float. The average trading volume of MGNI on April 16, 2025 was 2.77M shares.
MGNI’s Market Performance
The stock of Magnite Inc (MGNI) has seen a 12.67% increase in the past week, with a -23.01% drop in the past month, and a -35.17% fall in the past quarter. The volatility ratio for the week is 12.39%, and the volatility levels for the past 30 days are at 8.40% for MGNI. The simple moving average for the last 20 days is -9.81% for MGNI stock, with a simple moving average of -29.85% 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 -29.50% 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 -52.37% of loss for the given period.
Volatility was left at 8.40%, however, over the last 30 days, the volatility rate increased by 12.39%, as shares sank -20.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.18% lower at present.
During the last 5 trading sessions, MGNI rose by +12.67%, which changed the moving average for the period of 200-days by -21.27% in comparison to the 20-day moving average, which settled at $11.24. In addition, Magnite Inc saw -36.31% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MGNI starting from Gephart Brian, who sale 6,250 shares at the price of $16.00 back on Mar 03 ’25. After this action, Gephart Brian now owns 132,909 shares of Magnite Inc, valued at $100,000 using the latest closing price.
Soroca Adam Lee, the CHIEF PRODUCT OFFICER of Magnite Inc, sale 15,499 shares at $15.75 during a trade that took place back on Mar 03 ’25, which means that Soroca Adam Lee is holding 458,386 shares at $244,109 based on the most recent closing price.
Stock Fundamentals for MGNI
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.6 for the gross margin
The net margin for Magnite Inc stands at 0.03. The total capital return value is set at 0.04. Equity return is now at value 3.10, with 0.82 for asset returns.
Based on Magnite Inc (MGNI), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 4.01. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 1.89.
Currently, EBITDA for the company is 51.09 million with net debt to EBITDA at -3.82. When we switch over and look at the enterprise to sales, we see a ratio of 1.53. The receivables turnover for the company is 0.56for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
To put it simply, Magnite Inc (MGNI) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
