Magnite (MGNI) - 14.72% Below 52-Week High: Buy or Wait?

Stock Details

Magnite, Inc. (MGNI), a prominent company in the communication services sector within the advertising agencies industry, is based in United States and primarily trades on the NMS.Currently, the stock is trading at $22.89. Over the past 52 weeks, it has ranged between $10.82 and $26.84. This places the current price at 85.3% of its 52-week high and 111.6% above its 52-week low. Recent trading volume was recorded at 1,066,653. The 14-day Relative Strength Index (RSI) stands at 41.20, suggesting neutral conditions. The stock is currently trading below its 50-day moving average of $24.24 by 5.57%. Similarly, it is above its 200-day moving average of $17.43 by 31.33%. The MACD histogram is -0.25, indicating bearish momentum (MACD Line: -0.17, Signal Line: 0.08).

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

21.03

Near market average

Forward P/E

17.50

Earnings expected to grow

PEG Ratio

0.09

Potentially undervalued

Price to Book

3.54

EV/EBITDA

21.64

EPS (TTM)

$1.10

Price to Sales

4.47

Beta

2.32

More volatile than market

Q:How is MGNI valued relative to its earnings and growth?

Magnite, Inc. trades at a P/E ratio of 21.03, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings. Looking ahead, the forward P/E of 17.50 is lower than the current P/E, indicating analysts expect earnings to grow over the next year. The PEG ratio of 0.09 suggests the stock may be undervalued relative to its growth rate.

Q:What is MGNI's risk profile compared to the market?

With a beta of 2.32, Magnite, Inc. is significantly more volatile than the market. For every 10% market move, this stock tends to move 23% in the same direction. Higher beta stocks offer greater potential returns but with increased risk. The price-to-book ratio of 3.54 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

22.49%

Operating Margin

16.19%

EBITDA

$157.19M

Return on Equity

19.58%

Return on Assets

2.43%

Revenue Growth (YoY)

11.20%

Earnings Growth (YoY)

65.30%

Q:How profitable and efficient is MGNI's business model?

Magnite, Inc. achieves a profit margin of 22.49%, meaning it retains $22.49 from every $100 in revenue after all expenses. This is an impressive margin, indicating strong pricing power and efficient cost management that allows the company to generate substantial profits. The operating margin of 16.19% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 19.58% and ROA at 2.43%, the company generates strong returns on invested capital.

Q:What are MGNI's recent growth trends?

Magnite, Inc.'s revenue grew by 11.20% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings increased by 65.30% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against Advertising Agencies industry averages for proper context.

Company Size & Market

Market Cap

$3.3B

Revenue (TTM)

$742.04M

Revenue/Share (TTM)

$5.18

Shares Outstanding

143.42M

Book Value/Share

$6.53

Asset Type

EQUITY

Q:What is MGNI's market capitalization and position?

Magnite, Inc. has a market capitalization of $3.3B, classifying it as a mid-cap stock ($2B-$10B). Mid-caps often represent companies in their growth phase, offering higher growth potential than large-caps but with more stability than small-caps. They can be attractive takeover targets and may become tomorrow's large-caps. With 143.42M shares outstanding, the company's ownership is relatively concentrated. As a participant in the Advertising Agencies industry, it competes with other firms in this sector.

Q:How does MGNI's price compare to its book value?

Magnite, Inc.'s book value per share is $6.53, while the current stock price is $22.89, resulting in a price-to-book (P/B) ratio of 3.51. This high P/B ratio indicates significant intangible assets, strong brand value, or high growth expectations. Technology and consumer brand companies often trade at elevated P/B ratios due to intellectual property and competitive advantages not reflected on the balance sheet. As EQUITY, this represents a specific type of security.

Analyst Ratings

Analyst Target Price

$29.67

29.61% upside potential

Analyst Recommendations

Strong Buy

Buy

Hold

Sell

Strong Sell

Q:How reliable are analyst predictions for MGNI?

15 analysts cover MGNI with 87% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The strong bullish consensus may already be priced in. The consensus target of $29.67 implies 29.6% upside, but targets are often adjusted to follow price moves rather than predict them.

Q:What is the Wall Street consensus on MGNI?

Current analyst recommendations:3 Strong Buy, 10 Buy, 2 Hold, 00The bullish tilt suggests optimism about future prospects, though investors should conduct independent research.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Oct 23, 2026, 02:09 AM

Technical Indicators

RSI (14-day)

41.20

Neutral

50-Day Moving Average

$24.24

-5.57% below MA-50

200-Day Moving Average

$17.43

31.33% above MA-200

MACD Line

-0.17

MACD Signal

0.08

MACD Histogram

-0.25

Bearish

Q:What does MGNI's RSI value tell investors?

The RSI (Relative Strength Index) for MGNI is currently 41.20, indicating the stock is in neutral territory (40-60 range). Neither buyers nor sellers have clear control, suggesting consolidation or balanced market forces. Combined with the price being below the 50-day moving average, this confirms bearish conditions.

Q:How should traders interpret MGNI's MACD and moving average crossovers?

MACD analysis shows the MACD line at -0.17 below the signal line at 0.08, with histogram at -0.25. This bearish crossover indicates downward pressure. The 50-day MA ($24.24) is above the 200-day MA ($17.43), forming a golden cross pattern that typically signals a long-term uptrend. Price is currently between the MAs, suggesting transition.

Indicators last updated: Oct 23, 2026, 01:33 PM

Magnite, Inc. (MGNI) Stock