|Bid||29.88 x 800|
|Ask||29.90 x 2200|
|Day's range||29.46 - 30.82|
|52-week range||8.65 - 64.39|
|Beta (5Y monthly)||2.28|
|PE ratio (TTM)||185.47|
|Earnings date||03 Nov 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||47.30|
The chip shortage issue has also resulted in a massive backlog of its Magnite model and Nissan is working to minimise the impact of the current semiconductor shortage.
Advertising tech company PubMatic (NASDAQ: PUBM) isn't quite as well known as other ad tech stocks like The Trade Desk (NASDAQ: TTD), but it may be worth a closer look. In this Fool Live video clip, recorded on Sept. 27, Fool.com contributor Jon Quast gives viewers a rundown of PubMatic's business and why it's a recent IPO on his watch list. Many investors might be familiar with Magnite.
Stock for Magnite (NASDAQ: MGNI), which owns the top independent sell-side platform (SSP) for digital ads, has lost nearly 30% of its value over the past six months. Concerns about Apple's (NASDAQ: AAPL) privacy update for iOS, Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) upcoming ban on third-party cookies for Google Chrome, and Magnite's dependence on acquisitions have all caused investors to shun the stock. Let's review the main highlights, how they support three major reasons to buy Magnite's stock, and weigh them against a bearish take to see if the stock is still worth buying.