Magnite Inc
General ticker "MGNI" information:
- Sector: Communication Services
- Industry: Media
- Capitalization: $2.4B
Magnite Inc follows the US Stock Market performance with the rate: 63.1%.
Estimated limits based on current volatility of 2.8%: low 15.42$, high 16.32$
Factors to consider:
- US accounted for 74.6% of revenue in the fiscal year ended 2023-12-31
- Current price 48.4% above estimated high
- Earnings for 9 months up through Q3 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2023-12-31 to 2025-12-30
- 2023-12-31 to 2024-12-30 estimated range: [5.44$, 11.01$]
- 2024-12-30 to 2025-12-30 estimated range: [5.12$, 10.57$]
Financial Metrics affecting the MGNI estimates:
- Positive: 0.10 < Non-GAAP EPS, $ of 0.41
- Negative: Operating profit margin, % of -20.01 <= 1.03
- Negative: negative Net income
- Positive: Operating cash flow per share per price, % of 17.85 > 12.76
- Negative: Industry earnings per price (median), % of 0 <= 1.31
- Positive: -0.96 < Investing cash flow per share, $ of -0.27
- Negative: Industry operating cash flow per share per price (median), % of 5.77 <= 6.94
- Negative: Inventory ratio change, % of 3.20 > 1.08
Short-term MGNI quotes
Long-term MGNI plot with estimates
Financial data
| YTD | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating Revenue | $468.41MM | $577.07MM | $619.71MM |
| Operating Expenses | $549.48MM | $689.85MM | $774.72MM |
| Operating Income | $-81.07MM | $-112.78MM | $-155.01MM |
| Non-Operating Income | $-13.92MM | $-22.81MM | $-2.54MM |
| Interest Expense | $19.85MM | $29.26MM | $32.37MM |
| R&D Expense | $74.45MM | $93.76MM | $94.32MM |
| Income(Loss) | $-94.99MM | $-135.60MM | $-157.55MM |
| Taxes | $-95.05MM | $-5.27MM | $1.64MM |
| Profit(Loss) | $0.07MM | $-130.32MM | $-159.18MM |
| Stockholders Equity | $880.76MM | $791.30MM | $701.68MM |
| Inventory | $0.00MM | $0.00MM | $0.00MM |
| Assets | $2,712.61MM | $2,712.21MM | $2,688.81MM |
| Operating Cash Flow | $126.59MM | $192.55MM | $214.37MM |
| Capital expenditure | $29.13MM | $44.40MM | $26.76MM |
| Investing Cash Flow | $-691.00MM | $-65.15MM | $-37.38MM |
| Financing Cash Flow | $678.05MM | $-30.17MM | $-177.84MM |
| Earnings Per Share* | $0.00 | $-0.98 | $-1.17 |
* EPS are Split Adjusted, recent splits may be reflected with a delay.