It’s Not Over Yet For Magnite Inc (NASDAQ: MGNI)

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.

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Stocks Info

Magnite Inc is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Advertising Agencies industry. The current market capitalization of Magnite Inc is $1.93B. A total of 1.84 million shares were traded on the day, compared to an average of 1.85M shares.

In the most recent transaction, Buckley Sean Patrick sold 2,623 shares of MGNI for 13.50 per share on Aug 20 ’24. After the transaction, the CHIEF REVENUE OFFICER now owns 329,119 company shares. In a previous transaction on Aug 19 ’24, Buckley Sean Patrick sold 2,623 shares at 12.53 per share. MGNI shares that CHIEF REVENUE OFFICER owns now total 331,742.

Among the insiders who sold shares, Soroca Adam Lee disposed of 7,910 shares on Aug 19 ’24 at a per-share price of $12.59. This resulted in the CHIEF PRODUCT OFFICER holding 436,001 shares of MGNI after the transaction. In another insider transaction, SEAN P BUCKLEY bought 2,623 shares at $13.50 per share on Aug 20 ’24.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, MGNI has a high of $15.92 and a low of $6.28.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $5.05, while its Total Shareholder’s Equity was $880.76M.

Analysts Opinion

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. 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 4.80.

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