Magnite Inc

Company Profile

Magnite Inc had its IPO on 2014-04-02 under the ticker symbol MGNI.

The company operates in the Communication Services sector and Advertising Agencies industry. Magnite Inc has a staff strength of 947 employees.

Stock update

Shares of Magnite Inc opened at $7.96 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $7.9 - $8.08, and closed at $8.03.

This is a -0.5% slip from the previous day's closing price.

A total volume of 842,618 shares were traded at the close of the day’s session.

In the last one week, shares of Magnite Inc have slipped by -6.41%.

Magnite Inc's Key Ratios

Magnite Inc has a market cap of $1.18 billion, indicating a price to book ratio of 1.8514 and a price to sales ratio of 2.5731.

In the last 12-months Magnite Inc’s revenue was $603.91 million with a gross profit of $269.90 million and an EBITDA of $81.64 million. The EBITDA ratio measures Magnite Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Magnite Inc’s operating margin was -35.52% while its return on assets stood at -5.33% with a return of equity of -31.67%.

In Q2, Magnite Inc’s quarterly earnings growth was a negative -93.4% while revenue growth was a positive 10.7%.

Magnite Inc’s PE and PEG Ratio

Forward PE

12.9366

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-1.78 per share while it has a forward price to earnings multiple of 12.9366 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Magnite Inc’s profitability.

Magnite Inc stock is trading at a EV to sales ratio of 3.6529 and a EV to EBITDA ratio of 17.7735. Its price to sales ratio in the trailing 12-months stood at 2.5731.

Magnite Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$2.41 billion

Total Liabilities

$1.05 billion

Operating Cash Flow

$-11067000.00

Capital Expenditure

$11.07 million

Dividend Payout Ratio

0%

Magnite Inc ended 2024 with $2.41 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.41 billion while shareholder equity stood at $652.58 million.

Magnite Inc ended 2024 with $0 in deferred long-term liabilities, $1.05 billion in other current liabilities, 2000.00 in common stock, $-697395000.00 in retained earnings and $978.22 million in goodwill. Its cash balance stood at $266.36 million and cash and short-term investments were $266.36 million. The company’s total short-term debt was $25,106,000 while long-term debt stood at $635.04 million.

Magnite Inc’s total current assets stands at $1.20 billion while long-term investments were $0 and short-term investments were $0. Its net receivables were $908.44 million compared to accounts payable of $1.01 billion and inventory worth $0.

In 2024, Magnite Inc's operating cash flow was $-11067000.00 while its capital expenditure stood at $11.07 million.

Comparatively, Magnite Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$8.03

52-Week High

$15.73

52-Week Low

$5.59

Analyst Target Price

$14.78

Magnite Inc stock is currently trading at $8.03 per share. It touched a 52-week high of $15.73 and a 52-week low of $15.73. Analysts tracking the stock have a 12-month average target price of $14.78.

Its 50-day moving average was $11.59 and 200-day moving average was $11.08 The short ratio stood at 3.19 indicating a short percent outstanding of 0%.

Around 1168.7% of the company’s stock are held by insiders while 7158.1% are held by institutions.