After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Magnite Inc (MGNI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.14, or -1.53%, to $9.01. The Magnite Inc has recorded 25,517 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Tennis Australia Taps Magnite for Programmatic Advertising and Implements Demand Manager.
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Stocks Info
The company is listed on the NASDAQ and operates within the Advertising Agencies industry segment. At the end of the last regular session, the stock closed at $9.15 and fluctuated between $9.50 as its day high and $9.15 as its day low. The current market capitalization of Magnite Inc is $1.26B. A total of 0.9 million shares were traded on the day, compared to an average of 1.05M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, MGNI has seen 0 BUY and 9 SELL insider trades, representing the acquisition of 0 and the disposition of 119,813 shares. Over the last 12 months, there were 12 BUYs and 52 SELLs from insiders. Insiders purchased 318,158 shares during that period but sold 910,519.
In the most recent transaction, BARRETT MICHAEL G. sold 75,000 shares of MGNI for 7.80 per share on Nov 15. After the transaction, the CEO now owns 1,219,203 company shares. In a previous transaction on Sep 06, Buonasera David sold 5,444 shares at 8.58 per share. MGNI shares that Chief Technology Officer owns now total 207,246.
Among the insiders who sold shares, Spillane Robert F disposed of 25,000 shares on Aug 22 at a per-share price of $8.05. This resulted in the Director holding 94,090 shares of MGNI after the transaction. In another insider transaction, BARRETT MICHAEL G. sold 35,869 shares at $8.31 per share on Aug 16. Company shares held by the CEO now total 1,294,203.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, MGNI has a high of $15.73 and a low of $6.28.
As of this writing, MGNI has an earnings estimate of $0.27 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.32 per share and a lower estimate of $0.24. The company reported an EPS of $0.09 in the last quarter, which was 200.00% higher than expectations of $0.03.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. MGNI’s latest balance sheet shows that the firm has $230.40M in Cash & Short Term Investments as of fiscal 2021. There were $809.25M in debt and $1.03B in liabilities at the time. Its Book Value Per Share was $4.73, while its Total Shareholder’s Equity was $880.76M.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MGNI is Buy with a score of 4.50.
