stoxline Quote Chart Rank Option Currency Glossary
Magnite, Inc. (MGNI)
8.46  0.28 (3.42%)    12-08 16:00
Open: 8.14
High: 8.47
Volume: 720,580
Pre. Close: 8.18
Low: 8.05
Market Cap: 1,166(M)
Technical analysis
2023-12-08 4:44:42 PM
Short term     
Mid term     
Targets 6-month :  10.06 1-year :  11.75
Resists First :  8.61 Second :  10.06
Pivot price 8.2
Supports First :  7.34 Second :  6.55
MAs MA(5) :  8.34 MA(20) :  8.02
MA(100) :  8.72 MA(250) :  10.19
MACD MACD :  0.2 Signal :  0.2
%K %D K(14,3) :  69.7 D(3) :  71.4
RSI RSI(14): 61.3
52-week High :  15.72 Low :  6.28
Price, MAs and Bollinger Bands

Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.
[ MGNI ] has closed below upper band by 17.2%. Bollinger Bands are 69.8% narrower than normal. The narrow width of the bands suggests low volatility as compared to its normal range. The bands have been in this narrow range for 6 bars. This is a sign that the market may be about to initiate a new trend.

Stock Price Prediction
If tomorrow: Open lower Open higher
High: 8.48 - 8.52 8.52 - 8.55
Low: 7.95 - 8 8 - 8.04
Close: 8.39 - 8.46 8.46 - 8.53
Company Description

Magnite, Inc. operates an independent sell-side advertising platform in the United States and internationally. The company's platform offers applications and services for sellers of digital advertising inventory or publishers that own and operate CTV channels, applications, websites, and other digital media properties, to manage and monetize their inventory; and provides applications and services for buyers, including advertisers, agencies, agency trading desks, and demand side platforms to buy digital advertising inventory. 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, Inc. was incorporated in 2007 and is headquartered in New York, New York.

Headline News

Mon, 27 Nov 2023
Magnite: Strong Cash Flows Will Matter Eventually (NASDAQ:MGNI) - Seeking Alpha

Fri, 17 Nov 2023
Insider Sell: CEO Michael Barrett Sells 75,000 Shares of Magnite Inc (MGNI) - Yahoo Finance

Sun, 12 Nov 2023
Magnite, Inc. (NASDAQ:MGNI) Shares Could Be 46% Below Their Intrinsic Value Estimate - Yahoo Finance

Wed, 08 Nov 2023
Magnite Inc (MGNI) Posts Mixed Q3 2023 Results with Revenue Growth and Net Loss Improvement - Yahoo Finance

Mon, 06 Nov 2023
Magnite (MGNI) Declined on Weakness in Spending - Yahoo Finance

Fri, 03 Nov 2023
Would Magnite (NASDAQ:MGNI) Be Better Off With Less Debt? - Simply Wall St

Financial Analysis
Price to Book Value:
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings:
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow:
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets:
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity:
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity:
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Stock Basics & Statistics
Communication Services
Advertising Agencies
Shares Out 138 (M)
Shares Float 122 (M)
Held by Insiders 11.6 (%)
Held by Institutions 71.5 (%)
Shares Short 7,650 (K)
Shares Short P.Month 7,720 (K)
Stock Financials
EPS -1.67
EPS Est Next Qtrly 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 4.73
Profit Margin -37.3 %
Operating Margin -11.9 %
Return on Assets (ttm) -5.4 %
Return on Equity (ttm) -31 %
Qtrly Rev. Growth 2.9 %
Gross Profit (p.s.) 1.95
Sales Per Share 4.41
EBITDA (p.s.) 0.56
Qtrly Earnings Growth 0 %
Operating Cash Flow 214 (M)
Levered Free Cash Flow 261 (M)
Stock Valuations
PE Ratio -5.07
PEG Ratio -0.5
Price to Book value 1.78
Price to Sales 1.91
Price to Cash Flow 5.44
Stock Dividends
Dividend 0
Forward Dividend 0
Dividend Yield 0%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.

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