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How to buy Magnite stock | $18.56

Own Magnite stock in just a few minutes.

Fact checked

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 444 staff and has a trailing 12-month revenue of around USD$188.1 million.

How to buy shares in Magnite

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Magnite. Find the stock by name or ticker symbol: MGNI. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Magnite reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$18.56, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Magnite, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Magnite. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Magnite share price

Use our graph to track the performance of MGNI stocks over time.

Magnite shares at a glance

Information last updated 2020-11-27.
Latest market closeUSD$18.56
52-week rangeUSD$5.57 - USD$19.96
50-day moving average USD$10.6654
200-day moving average USD$7.6839
Wall St. target priceUSD$14.58
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-0.4225

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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.

Is it a good time to buy Magnite stock?

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.

Magnite price performance over time

Historical closes compared with the close of $18.56 from 2020-12-09

1 week (2021-01-07) -27.53%
1 month (2020-12-17) -6.69%
3 months (2020-10-16) 112.36%
6 months (2020-07-16) 193.21%
1 year (2020-01-16) 80.02%
2 years (2019-01-16) 366.33%
3 years (2018-01-16) 747.49%
5 years (2016-01-15) 28.27%

Magnite financials

Revenue TTM USD$188.1 million
Gross profit TTM USD$99 million
Return on assets TTM -4.64%
Return on equity TTM -25.11%
Profit margin -30.72%
Book value N/A
Market capitalisation USD$2.2 billion

TTM: trailing 12 months

Shorting Magnite shares

There are currently 13.8 million Magnite shares held short by investors – that's known as Magnite's "short interest". This figure is 8.7% up from 12.7 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)

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 3.2 million). Magnite's SIR currently stands at 4.37. In other words for every 100,000 Magnite shares traded daily on the market, roughly 4370 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 0.13% of the outstanding shares (for every 100,000 Magnite shares in existence, roughly 130 shares are currently held short) or 0.128% of the tradable shares (for every 100,000 tradable Magnite shares, roughly 128 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.

Magnite share dividends

We're not expecting Magnite to pay a dividend over the next 12 months.

Magnite share price volatility

Over the last 12 months, Magnite's shares have ranged in value from as little as $5.57 up to $19.96. A popular way to gauge a stock's volatility is its "beta".

MGNI.US volatility(beta: 1.5)Avg. volatility(beta: 1.00)LowHigh

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 1.4977. This would suggest that Magnite's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Magnite overview

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. Its omnichannel advertising platform enables publishers to monetize various auction types 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. The company is based in Los Angeles, California.

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