Magnite Inc. (NASDAQ:MGNI) has a beta of 2.42. The stock’s Relative Strength Index (RSI) is 43.78, with weekly volatility at 7.79% and ATR at 4.74. The MGNI stock’s 52-week price range has touched low of $4.35 and a $64.39 high. Its shares traded lower over the last trading session, losing -0.27% on 04/06/21. The shares fell to a low of $39.11 before closing at $40.30. Intraday shares traded counted 1.68 million, which was 66.06% higher than its 30-day average trading volume of 4.94M. MGNI’s previous close was $40.41 while the outstanding shares total 112.69M.
Investors have identified the Advertising Agencies company Magnite Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.53 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Magnite Inc. (MGNI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 607.07 million total, with 522.2 million as their total liabilities.
Is the stock of MGNI attractive?
In related news, Chief Operating Officer, Evans Katie Seitz sold 95,601 shares of the company’s stock in a transaction that recorded on Apr 01. The sale was performed at an average price of 43.79, for a total value of 4,186,782. As the sale deal closes, the CFO, Day David now sold 10,454 shares of the company’s stock, valued at 415,442. Also, CFO, Day David sold 20,125 shares of the company’s stock in a deal that was recorded on Mar 10. The shares were price at an average price of 46.99 per share, with a total market value of 945,674. Following this completion of acquisition, the Chief Technology Officer, Kershaw Thomas now holds 50,000 shares of the company’s stock, valued at 2,960,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.60%.
5 out of 7 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Magnite Inc.. 0 analysts has assigned a Sell rating on the MGNI stock. The 12-month mean consensus price target for the company’s shares has been set at $58.14.