MXCT (MaxCyte Inc.): Time to Pay Attention?

After finishing at $5.33 in the prior trading day, MaxCyte Inc. (NASDAQ: MXCT) closed at $5.48, up 2.81%. In other words, the price has increased by $+0.15 from its previous closing price. On the day, 554087 shares were traded. MXCT stock price reached its highest trading level at $5.51 during the session, while it also had its lowest trading level at $5.24.

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Our goal is to gain a better understanding of MXCT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 14.60 and its Current Ratio is at 15.00. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

On August 24, 2021, Wedbush started tracking the stock assigning a Outperform rating and target price of $36.Wedbush initiated its Outperform rating on August 24, 2021, with a $36 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 05 when Doerfler Douglas sold 10,234 shares for $5.04 per share. The transaction valued at 51,579 led to the insider holds 333,197 shares of the business.

Ross Thomas M. sold 9,467 shares of MXCT for $47,714 on Jan 05. The EVP, Global Sales & Marketing now owns 0 shares after completing the transaction at $5.04 per share. On Jan 04, another insider, Doerfler Douglas, who serves as the President and CEO of the company, sold 9,153 shares for $5.07 each. As a result, the insider received 46,406 and left with 333,197 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 12.96 while its Price-to-Book (P/B) ratio in mrq is 2.19.

Stock Price History:

Over the past 52 weeks, MXCT has reached a high of $7.76, while it has fallen to a 52-week low of $3.36. The 50-Day Moving Average of the stock is 5.68, while the 200-Day Moving Average is calculated to be 5.52.

Shares Statistics:

The stock has traded on average 346.88K shares per day over the past 3-months and 495.38k shares per day over the last 10 days, according to various share statistics. A total of 101.81M shares are outstanding, with a floating share count of 96.75M. Insiders hold about 1.25% of the company’s shares, while institutions hold 85.40% stake in the company. Shares short for MXCT as of Oct 13, 2022 were 3.03M with a Short Ratio of 1.92M, compared to 1.99M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.98% and a Short% of Float of 3.51%.

Earnings Estimates

Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.1, while EPS last year was -$0.03. The consensus estimate for the next quarter is -$0.07, with high estimates of -$0.06 and low estimates of -$0.08.

Analysts are recommending an EPS of between -$0.26 and -$0.3 for the fiscal current year, implying an average EPS of -$0.28. EPS for the following year is -$0.3, with 5 analysts recommending between -$0.24 and -$0.36.

Revenue Estimates

5 analysts predict $10.43M in revenue for the current quarter. It ranges from a high estimate of $10.9M to a low estimate of $10.08M. As of the current estimate, MaxCyte Inc.’s year-ago sales were $10.14M, an estimated increase of 2.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $13.07M, an increase of 28.70% over than the figure of $2.90% in the same quarter last year. There is a high estimate of $13.48M for the next quarter, whereas the lowest estimate is $12.5M.

A total of 5 analysts have provided revenue estimates for MXCT’s current fiscal year. The highest revenue estimate was $45M, while the lowest revenue estimate was $44.1M, resulting in an average revenue estimate of $44.7M. In the same quarter a year ago, actual revenue was $33.89M, up 31.90% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $57.86M in the next fiscal year. The high estimate is $60.6M and the low estimate is $55M. The average revenue growth estimate for next year is up 29.40% from the average revenue estimate for this year.