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Magnite Inc is an advertising agencies business based in the US. Magnite shares (MGNI) are listed on the NASDAQ and all prices are listed in US Dollars. Magnite employs 569 staff and has a trailing 12-month revenue of around 0.00.
|Latest market close||$31.21|
|52-week range||$5.88 - $64.39|
|50-day moving average||$29.39|
|200-day moving average||$34.08|
|Wall St. target price||$48.44|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.16|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2021-09-17)||6.96%|
|1 month (2021-08-25)||12.43%|
|3 months (2021-06-25)||-14.49%|
|6 months (2021-03-25)||-23.34%|
|1 year (2020-09-25)||383.13%|
|2 years (2019-09-25)||238.14%|
|3 years (2018-09-25)||774.23%|
|5 years (2016-09-23)||267.18%|
Valuing Magnite stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Magnite's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Magnite's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 181x. In other words, Magnite shares trade at around 181x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Magnite's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $42 million.
The EBITDA is a measure of a Magnite's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$318.2 million|
|Gross profit TTM||$143.9 million|
|Return on assets TTM||-0.96%|
|Return on equity TTM||3.1%|
|Market capitalisation||$3.8 billion|
TTM: trailing 12 months
There are currently 11.8 million Magnite shares held short by investors – that's known as Magnite's "short interest". This figure is 2.5% down from 12.1 million last month.
There are a few different ways that this level of interest in shorting Magnite shares can be evaluated.
Magnite's "short interest ratio" (SIR) is the quantity of Magnite shares currently shorted divided by the average quantity of Magnite shares traded daily (recently around 2.5 million). Magnite's SIR currently stands at 4.63. In other words for every 100,000 Magnite shares traded daily on the market, roughly 4630 shares are currently held short.
However Magnite's short interest can also be evaluated against the total number of Magnite shares, or, against the total number of tradable Magnite shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Magnite's short interest could be expressed as 0.09% of the outstanding shares (for every 100,000 Magnite shares in existence, roughly 90 shares are currently held short) or 0.1032% of the tradable shares (for every 100,000 tradable Magnite shares, roughly 103 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Magnite.
Find out more about how you can short Magnite stock.
We're not expecting Magnite to pay a dividend over the next 12 months.
Over the last 12 months, Magnite's shares have ranged in value from as little as $5.875 up to $64.39. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Magnite's is 2.3128. This would suggest that Magnite's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's advertising platform enables publishers to monetize various screens and formats, including CTV, desktop display, video, audio, and mobile, as well as allows agencies and brands to access brand-safe ad inventory and execute advertising transactions. It markets its technology solutions to buyers and sellers through a sales teams that operate from various locations. The company was formerly known as The Rubicon Project, Inc. and changed name to Magnite, Inc. in July 2020.
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