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How to buy Magnite (MGNI) shares
Learn how to easily invest in Magnite shares.
Magnite is an advertising agencies business based in the US. Magnite stocks (MGNI.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $36.5 – a decrease of 8.44% over the previous week. Magnite employs 569 staff and has a trailing 12-month revenue of around $389.1 million.
How to buy shares in Magnite
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – MGNI – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- Can I buy shares in Magnite?
- Has coronavirus impacted Magnite shares?
- Magnite shares summary
- Compare share dealing platforms
- Is Magnite stock a buy or sell?
- Magnite performance over time
- Are Magnite shares over-valued?
- Magnite's financials
- How volatile are Magnite shares?
- Does Magnite pay a dividend?
- Other common questions
Magnite stock price (NASDAQ:MGNI)Use our graph to track the performance of MGNI stocks over time.
Magnite shares at a glance
|Latest market close||$12.37|
|52-week range||$11.46 - $64.39|
|50-day moving average||$17.80|
|200-day moving average||$27.57|
|Wall St. target price||$38.30|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||$0.05|
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Note: The dollar amounts in the table below are in Canadian dollars.
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.
Magnite price performance over time
|1 week (2022-01-21)||-2.68%|
|1 month (2021-12-28)||-29.64%|
|3 months (2021-10-28)||-54.64%|
|6 months (2021-07-28)||-61.34%|
|1 year (2021-01-28)||-64.66%|
|2 years (2020-01-28)||27.53%|
|3 years (2019-01-28)||184.37%|
|5 years (2017-01-27)||46.22%|
Is Magnite under- or over-valued?
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 P/E ratio
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 290x. In other words, Magnite shares trade at around 290x 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 $63.8 million.
The EBITDA is a measure of a Magnite's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$389.1 million|
|Gross profit TTM||$143.9 million|
|Return on assets TTM||-1.4%|
|Return on equity TTM||0.89%|
|Market capitalisation||$1.7 billion|
TTM: trailing 12 months
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 $11.46 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 2.2139. 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.
Magnite in the news
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Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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