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SymbolStock Name
Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
US OptionsDetailed Quotes
MGNI240517P10000
- 0.85
- -0.05-5.56%
15min DelayClose May 14 16:00 ET
0.85High0.80Low
0.80Open0.90Pre Close3 Volume671 Open Interest10.00Strike Price245.00Turnover74.94%IV-0.17%PremiumMay 17, 2024Expiry Date0.96Intrinsic Value100Multiplier2DDays to Expiry0.00Time Value100Contract SizeAmericanOptions Type-0.9310Delta0.2279Gamma9.27Leverage Ratio-0.0107Theta-0.0005Rho-8.63Eff Leverage0.0011Vega
Intraday
- 5D
- 1D
News
Ad Tech Services Q1 Demand Grows, But Industry Transparency Remains Key Issue, Macquarie Says
The ad tech market rebounded sharply in Q1 as indicated by companies' financial results that mostly showed revenue exceeding expectations, Macquarie Equity Research said in a note sent Tuesday. The ei
Magnite to Participate in Upcoming Financial Conferences
NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ:MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will participate and host in-person investor
Magnite Inc (MGNI) Q1 2024 Earnings: Revenue and Contribution Growth Amid Challenges
Magnite First Quarter 2024 Earnings: Beats Expectations
Express News | Needham Reiterates Buy on Magnite, Maintains $15 Price Target
Magnite Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 05/09/2024 55.44% Needham → $15 Reiterates Buy → Buy 04/19/2024 50.26% B. Riley Securities → $14.5 Reinsta
Comments
Magnite's high P/S ratio is surprising considering its future revenue forecasts align with the industry. The high share price may not last unless it outperforms the industry soon. Investors could face disappointment if the P/S aligns with the growth outlook.
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The company's balance sheet is considered strained due to its EBIT loss and the liabilities on its balance sheet relative to cash. It is deemed unwise for the company to have any debt. The stock is considered really risky.
Multiple insiders selling shares over the past year could be a red flag. However, insiders owning a fair amount of shares suggests alignment with shareholders. Lack of insider purchases in the past year is not encouraging.
Magnite's high P/S ratio, compared to typical industry growth forecasts, could risk current and prospective investors. Shareholders could face letdown if the P/S ratio aligns with its growth outlook, meaning potential investors could pay an unwarranted premium for the stock.
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