Magnite Stock Price on August 30, 2024
| MGNI Stock | USD 16.60 0.53 3.09% |
Below is the normalized historical share price chart for Magnite extending back to April 02, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Magnite stands at 16.60, as last reported on the 26th of November, with the highest price reaching 18.38 and the lowest price hitting 16.56 during the day.
If you're considering investing in Magnite Stock, it is important to understand the factors that can impact its price. Magnite appears to be not too volatile, given 3 months investment horizon. Magnite has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Magnite, which you can use to evaluate the volatility of the firm. Please exercise Magnite's Mean Deviation of 2.4, risk adjusted performance of 0.1004, and Downside Deviation of 3.11 to check out if our risk estimates are consistent with your expectations.
As of now, Magnite's Common Stock is increasing as compared to previous years. The Magnite's current Stock Based Compensation is estimated to increase to about 76.2 M, while Common Stock Shares Outstanding is projected to decrease to under 72.8 M. . The Magnite's current Price To Free Cash Flows Ratio is estimated to increase to 7.57, while Price To Sales Ratio is projected to decrease to 1.96. Magnite Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 2nd of April 2014 | 200 Day MA 12.233 | 50 Day MA 13.3884 | Beta 2.427 |
Magnite |
Sharpe Ratio = 0.1074
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MGNI | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.52 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.38 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Magnite is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Magnite by adding it to a well-diversified portfolio.
Price Book 3.3202 | Enterprise Value Ebitda 24.8605 | Price Sales 3.6453 | Shares Float 125.3 M | Wall Street Target Price 17.625 |
Magnite Main Headline on 30th of August 2024
Disposition of 5287 shares by David Buonasera of Magnite at ... by David Buonasera
Filed transaction by Magnite Officer: Chief Technology Officer. Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e)
Magnite Valuation on August 30, 2024
It is possible to determine the worth of Magnite on a given historical date. On August 30, 2024 Magnite was worth 13.76 at the beginning of the trading date compared to the closed value of 13.79. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Magnite stock. Still, in general, we apply an absolute valuation method to find Magnite's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Magnite where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Magnite's related companies.
| Open | High | Low | Close | Volume | |
| 13.77 | 13.87 | 13.60 | 13.64 | 746,220 | |
08/30/2024 | 13.76 | 13.84 | 13.57 | 13.79 | 923,748 |
| 13.66 | 14.00 | 13.39 | 13.41 | 1,569,997 |
| Backtest Magnite | | | Magnite History | | | Magnite Valuation | Previous | Next |
Magnite Trading Date Momentum on August 30, 2024
| On September 03 2024 Magnite was traded for 13.41 at the closing time. The top price for the day was 14.00 and the lowest listed price was 13.39 . The trading volume for the day was 1.6 M. The trading history from September 3, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 2.76% . The trading delta at closing time against the current closing price is 5.37% . |
Magnite Fundamentals Correlations and Trends
By evaluating Magnite's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Magnite's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Magnite financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Magnite Stock history
Magnite investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Magnite is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Magnite will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Magnite stock prices may prove useful in developing a viable investing in Magnite
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 136.6 M | 72.8 M | |
| Net Loss | -117.3 M | -111.4 M |
Magnite Quarterly Net Working Capital |
|
Magnite Stock Technical Analysis
Magnite technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Magnite Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Magnite cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Magnite November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Magnite stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Magnite shares will generate the highest return on investment. By undertsting and applying Magnite stock market strength indicators, traders can identify Magnite entry and exit signals to maximize returns
Magnite Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Magnite's price direction in advance. Along with the technical and fundamental analysis of Magnite Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Magnite to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1004 | |||
| Jensen Alpha | 0.1979 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.0931 | |||
| Treynor Ratio | 0.2335 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Magnite Stock analysis
When running Magnite's price analysis, check to measure Magnite's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Magnite is operating at the current time. Most of Magnite's value examination focuses on studying past and present price action to predict the probability of Magnite's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Magnite's price. Additionally, you may evaluate how the addition of Magnite to your portfolios can decrease your overall portfolio volatility.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume |