Magnite Inc [MGNI] stock is trading at $9.74, down -10.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MGNI shares have gain 0.41% over the last week, with a monthly amount drifted -25.31%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Magnite Inc [NASDAQ: MGNI] stock has seen the most recent analyst activity on December 05, 2024, when Needham reiterated its Buy rating and also boosted its price target to $20 from $17. Previously, Scotiabank started tracking the stock with Sector Outperform rating on December 05, 2024, and set its price target to $22. On October 29, 2024, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $13 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $21 on July 25, 2024. Wolfe Research initiated its recommendation with a Outperform and recommended $16 as its price target on July 16, 2024. BofA Securities upgraded its rating to Buy for this stock on May 24, 2024, and upped its price target to $15.
Magnite Inc [MGNI] stock has fluctuated between $8.22 and $21.29 over the past year. Currently, Wall Street analysts expect the stock to reach $20.33 within the next 12 months. Magnite Inc [NASDAQ: MGNI] shares were valued at $9.74 at the most recent close of the market. An investor can expect a potential return of 108.73% based on the average MGNI price forecast.
Analyzing the MGNI fundamentals
Magnite Inc [NASDAQ:MGNI] reported sales of 668.17M for the trailing twelve months, which represents a growth of 3.76%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 9.22 points at the first support level, and at 8.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.63, and for the 2nd resistance point, it is at 11.52.
Ratios To Look Out For
For context, Magnite Inc’s Current Ratio is 1.14. As well, the Quick Ratio is 1.14, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 2.08, the price to book ratio is 1.79 and price to earnings (TTM) ratio is 70.22.
Transactions by insiders
Recent insider trading involved Gephart Brian, CHIEF ACCOUNTING OFFICER, that happened on Mar 03 ’25 when 6250.0 shares were sold. CHIEF PRODUCT OFFICER, Soroca Adam Lee completed a deal on Mar 03 ’25 to sell 15499.0 shares. Meanwhile, Officer Gephart Brian bought 6250.0 shares on Mar 03 ’25.
