Magnite Inc [MGNI] stock is trading at $12.80, up 2.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MGNI shares have gain 6.93% over the last week, with a monthly amount drifted -6.71%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Magnite Inc [NASDAQ: MGNI] stock has seen the most recent analyst activity on July 25, 2024, when Lake Street initiated its Buy rating and assigned the stock a price target of $21. Previously, Wolfe Research started tracking the stock with Outperform rating on July 16, 2024, and set its price target to $16. On May 24, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $15 on the stock. BofA Securities initiated its recommendation with a Neutral and recommended $11 as its price target on January 11, 2024. Evercore ISI upgraded its rating to Outperform for this stock on August 16, 2023, and upped its price target to $14. In a note dated April 13, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $15 on this stock.
Magnite Inc [MGNI] stock has fluctuated between $6.28 and $15.92 over the past year. Currently, Wall Street analysts expect the stock to reach $19.75 within the next 12 months. Magnite Inc [NASDAQ: MGNI] shares were valued at $12.80 at the most recent close of the market. An investor can expect a potential return of 54.3% based on the average MGNI price forecast.
Analyzing the MGNI fundamentals
Magnite Inc [NASDAQ:MGNI] reported sales of 649.22M for the trailing twelve months, which represents a growth of 6.78%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.50 points at the first support level, and at 12.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.11, and for the 2nd resistance point, it is at 13.41.
Ratios To Look Out For
For context, Magnite Inc’s Current Ratio is 1.10. Further, the Quick Ratio stands at 1.10, while the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 2.78, the price to book ratio is 2.53.
Transactions by insiders
Recent insider trading involved Buckley Sean Patrick, CHIEF REVENUE OFFICER, that happened on Aug 20 ’24 when 2623.0 shares were sold. CHIEF REVENUE OFFICER, Buckley Sean Patrick completed a deal on Aug 19 ’24 to sell 2623.0 shares. Meanwhile, CHIEF PRODUCT OFFICER Soroca Adam Lee sold 7910.0 shares on Aug 19 ’24.
