MagnaChip Semiconductor Corp (NYSE: MX) closed the day trading at $5.50 down -4.84% from the previous closing price of $5.78. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 1528282 shares were traded. MX stock price reached its highest trading level at $5.82 during the session, while it also had its lowest trading level at $5.36.
Ratios:
For a better understanding of MX, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.54 and its Current Ratio is at 5.23. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On January 13, 2021, Needham reiterated its Buy rating and also lowered its target price recommendation from $18 to $25.
On January 08, 2021, Oppenheimer started tracking the stock assigning a Outperform rating and target price of $21.Oppenheimer initiated its Outperform rating on January 08, 2021, with a $21 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 Dec 08 when NATHAN GILBERT E bought 10,000 shares for $6.80 per share. The transaction valued at 68,000 led to the insider holds 78,200 shares of the business.
MARTINO CAMILLO bought 10,000 shares of MX for $68,000 on Dec 08. The Director now owns 154,715 shares after completing the transaction at $6.80 per share. On Aug 15, another insider, NATHAN GILBERT E, who serves as the Director of the company, bought 10,000 shares for $8.39 each. As a result, the insider paid 83,900 and bolstered with 68,200 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MX now has a Market Capitalization of 224.57M and an Enterprise Value of 62.83M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 0.26 whereas that against EBITDA is -5.07.
Stock Price History:
Over the past 52 weeks, MX has reached a high of $11.68, while it has fallen to a 52-week low of $5.41. The 50-Day Moving Average of the stock is 6.90, while the 200-Day Moving Average is calculated to be 8.16.
Shares Statistics:
Over the past 3-months, MX traded about 434.14K shares per day on average, while over the past 10 days, MX traded about 742.33k shares per day. A total of 38.85M shares are outstanding, with a floating share count of 36.98M. Insiders hold about 4.59% of the company’s shares, while institutions hold 74.73% stake in the company. Shares short for MX as of Feb 15, 2024 were 696.55k with a Short Ratio of 1.60, compared to 626.62k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.79% and a Short% of Float of 1.83%.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of -$0.33 for the current quarter, with a high estimate of -$0.3 and a low estimate of -$0.35, while EPS last year was -$0.24. The consensus estimate for the next quarter is -$0.34, with high estimates of -$0.31 and low estimates of -$0.37.
Analysts are recommending an EPS of between -$1.12 and -$1.26 for the fiscal current year, implying an average EPS of -$1.19. EPS for the following year is -$0.89, with 3 analysts recommending between -$0.76 and -$1.
Revenue Estimates
3 analysts predict $49.9M in revenue for the current quarter. It ranges from a high estimate of $52M to a low estimate of $48.5M. As of the current estimate, MagnaChip Semiconductor Corp’s year-ago sales were $57.01M, an estimated decrease of -12.50% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for MX’s current fiscal year. The highest revenue estimate was $270M, while the lowest revenue estimate was $231.9M, resulting in an average revenue estimate of $248.13M. In the same quarter a year ago, actual revenue was $230.05M, up 7.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $278.1M in the next fiscal year. The high estimate is $300M and the low estimate is $264.3M. The average revenue growth estimate for next year is up 12.10% from the average revenue estimate for this year.
