Magnite Common Stock Shares Outstanding vs Cash And Short Term Investments Analysis
| MGNI Stock | USD 20.00 0.51 2.62% |
Magnite financial indicator trend analysis is infinitely more than just investigating Magnite recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Magnite is a good investment. Please check the relationship between Magnite Common Stock Shares Outstanding and its Cash And Short Term Investments accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnite. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Magnite Stock please use our How to Invest in Magnite guide.
Common Stock Shares Outstanding vs Cash And Short Term Investments
Common Stock Shares Outstanding vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Magnite Common Stock Shares Outstanding account and Cash And Short Term Investments. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Magnite's Common Stock Shares Outstanding and Cash And Short Term Investments is 0.93. Overlapping area represents the amount of variation of Common Stock Shares Outstanding that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of Magnite, assuming nothing else is changed. The correlation between historical values of Magnite's Common Stock Shares Outstanding and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Shares Outstanding of Magnite are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock Shares Outstanding i.e., Magnite's Common Stock Shares Outstanding and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.93 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Cash And Short Term Investments
Short Term Investments is an account in the current assets section of Magnite balance sheet. This account contains Magnite investments that will expire within one year. These investments include stocks and bonds that can be liquidated by Magnite fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from Magnite's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Magnite current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnite. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Magnite Stock please use our How to Invest in Magnite guide.The Magnite's current Sales General And Administrative To Revenue is estimated to increase to 0.29, while Selling General Administrative is projected to decrease to under 57 M.
| 2022 | 2023 | 2024 | 2025 (projected) | Gross Profit | 269.9M | 209.8M | 241.3M | 151.4M | Total Revenue | 577.1M | 619.7M | 712.7M | 748.3M |
Magnite fundamental ratios Correlations
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Magnite Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Magnite fundamental ratios Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Total Assets | 939.0M | 2.7B | 2.7B | 2.7B | 3.1B | 3.2B | |
| Short Long Term Debt Total | 42.1M | 809.3M | 813.9M | 606.7M | 697.7M | 732.5M | |
| Other Current Liab | 5.7M | 4.4M | 2.1M | 21.0M | 24.2M | 25.4M | |
| Total Current Liabilities | 522.2M | 1.0B | 1.1B | 1.4B | 1.6B | 1.7B | |
| Total Stockholder Equity | 381.6M | 880.8M | 791.3M | 701.7M | 806.9M | 847.3M | |
| Property Plant And Equipment Net | 63.3M | 111.1M | 123.2M | 107.9M | 124.1M | 130.3M | |
| Net Debt | (75.6M) | 578.9M | 487.6M | 280.4M | 322.5M | 338.6M | |
| Retained Earnings | (394.5M) | (394.5M) | (524.8M) | (684.0M) | (615.6M) | (584.8M) | |
| Accounts Payable | 496.9M | 983.1M | 1.1B | 1.4B | 1.6B | 1.6B | |
| Cash | 117.7M | 230.4M | 326.3M | 326.2M | 375.2M | 393.9M | |
| Non Current Assets Total | 331.9M | 1.5B | 1.4B | 1.2B | 1.3B | 1.4B | |
| Non Currrent Assets Other | 4.4M | 6.9M | 7.4M | 6.7M | 7.7M | 4.9M | |
| Cash And Short Term Investments | 117.7M | 230.4M | 326.3M | 326.2M | 375.2M | 393.9M | |
| Net Receivables | 471.7M | 927.8M | 976.5M | 1.2B | 1.4B | 1.4B | |
| Common Stock Shares Outstanding | 96.7M | 136.3M | 132.9M | 136.6M | 157.1M | 165.0M | |
| Liabilities And Stockholders Equity | 939.0M | 2.7B | 2.7B | 2.7B | 3.1B | 3.2B | |
| Non Current Liabilities Total | 35.1M | 802.5M | 795.9M | 585.0M | 672.7M | 706.4M | |
| Other Current Assets | 17.0M | 19.2M | 23.5M | 20.5M | 23.6M | 24.8M | |
| Other Stockholder Equity | 777.1M | 1.3B | 1.3B | 1.4B | 1.6B | 1.7B | |
| Total Liab | 557.3M | 1.8B | 1.9B | 2.0B | 2.3B | 2.4B | |
| Property Plant And Equipment Gross | 63.3M | 111.1M | 123.2M | 224.4M | 258.1M | 271.0M | |
| Total Current Assets | 607.1M | 1.2B | 1.3B | 1.5B | 1.8B | 1.8B | |
| Accumulated Other Comprehensive Income | (957K) | (1.4M) | (3.2M) | (2.1M) | (1.9M) | (1.8M) | |
| Short Term Debt | 19.6M | 41.9M | 45.9M | 24.0M | 27.6M | 17.3M | |
| Intangible Assets | 106.0M | 446.7M | 277.2M | 72.9M | 83.9M | 94.3M | |
| Other Assets | 2.1M | 60.2M | 6.9M | 7.4M | 8.5M | 13.9M | |
| Capital Surpluse | 433.9M | 453.1M | 1.3B | 1.3B | 1.5B | 1.6B | |
| Property Plant Equipment | 45.2M | 63.3M | 20.1M | 23.7M | 21.3M | 29.5M | |
| Other Liab | 454K | 2.9M | 16.0M | 6.8M | 7.8M | 4.8M | |
| Net Tangible Assets | 77.1M | 117.4M | (515.7M) | (440.4M) | (396.4M) | (376.6M) | |
| Non Current Liabilities Other | 2.7M | 69.1M | 68.1M | 1.7M | 1.9M | 1.8M | |
| Net Invested Capital | 381.6M | 1.6B | 1.5B | 1.2B | 1.4B | 807.2M | |
| Net Working Capital | 84.9M | 148.7M | 201.2M | 120.9M | 139.0M | 117.6M | |
| Capital Lease Obligations | 42.1M | 85.6M | 87.5M | 70.1M | 80.6M | 67.7M |
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When determining whether Magnite offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Magnite's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Magnite Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Magnite Stock:Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magnite. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Magnite Stock please use our How to Invest in Magnite guide.You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Is Advertising space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Magnite. If investors know Magnite will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Magnite listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Earnings Share 0.13 | Revenue Per Share | Quarterly Revenue Growth 0.079 | Return On Assets |
The market value of Magnite is measured differently than its book value, which is the value of Magnite that is recorded on the company's balance sheet. Investors also form their own opinion of Magnite's value that differs from its market value or its book value, called intrinsic value, which is Magnite's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Magnite's market value can be influenced by many factors that don't directly affect Magnite's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Magnite's value and its price as these two are different measures arrived at by different means. Investors typically determine if Magnite is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Magnite's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.