Magnite Inc (NASDAQ: MGNI) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility.

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Stocks Info

Magnite Inc is listed on the NASDAQ in the Communication Services sector while operating in the Advertising Agencies industry. The current market capitalization of Magnite Inc is $1.83B. A total of 1.22 million shares were traded on the day, compared to an average of 1.68M shares.

In the most recent transaction, Buckley Sean Patrick sold 21,653 shares of MGNI for 13.50 per share on Jun 05 ’24. After the transaction, the CHIEF REVENUE OFFICER now owns 383,222 company shares. In a previous transaction on Jun 03 ’24, Day David sold 20,732 shares at 13.00 per share. MGNI shares that CHIEF FINANCIAL OFFICER owns now total 471,131.

Among the insiders who sold shares, Buckley Sean Patrick disposed of 2,682 shares on May 24 ’24 at a per-share price of $12.50. This resulted in the CHIEF REVENUE OFFICER holding 404,875 shares of MGNI after the transaction. In another insider transaction, Soroca Adam Lee sold 10,597 shares at $12.30 per share on May 17 ’24. Company shares held by the CHIEF PRODUCT OFFICER now total 450,655.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, MGNI has a high of $15.73 and a low of $6.28.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $4.97, while its Total Shareholder’s Equity was $880.76M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 4.75.

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