Magnite Inc (NASDAQ: MGNI) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Magnite Inc (NASDAQ: MGNI) has benefited from important positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MGNI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Magnite has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Magnite has a poor Appreciation Score of 26 but a very high Power Rating of 91, producing the High Neutral Value Trend Rating.
Recent Price Action
Magnite Inc (NASDAQ: MGNI) stock closed at $13.29 on 6/28/24 after a large increase of 3.2%. Moreover, trading volume in this advance was unusually high at 198% of normal. The stock has risen 1.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
Be the first to comment