As of close of business last night, MagnaChip Semiconductor Corp’s stock clocked out at $5.55, down -0.18% from its previous closing price of $5.56. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 594842 shares were traded.
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Ratios:
To gain a deeper understanding of MX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.45 and its Current Ratio is at 5.23. In the meantime, Its Debt-to-Equity ratio is 0.02 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Park Shin Young bought 9,000 shares for $5.56 per share. The transaction valued at 50,040 led to the insider holds 77,363 shares of the business.
Kim Theodore S bought 2,000 shares of MX for $11,100 on Mar 12 ’24. The insider now owns 239,116 shares after completing the transaction at $5.55 per share. On Mar 11 ’24, another insider, Kim Theodore S, who serves as the insider of the company, bought 5,000 shares for $5.60 each. As a result, the insider paid 28,000 and bolstered with 237,116 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 212.35M and an Enterprise Value of 59.07M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 0.26 whereas that against EBITDA is -1.97.
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 $5.18. The 50-Day Moving Average of the stock is 6.23, while the 200-Day Moving Average is calculated to be 7.75.
Shares Statistics:
It appears that MX traded 458.25K shares on average per day over the past three months and 539.27k shares per day over the past ten days. A total of 38.85M shares are outstanding, with a floating share count of 36.47M. Insiders hold about 4.67% of the company’s shares, while institutions hold 76.87% stake in the company. Shares short for MX as of Feb 29, 2024 were 748.4k with a Short Ratio of 1.59, compared to 637.75k on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.96% and a Short% of Float of 1.99%.
Earnings Estimates
As of right now, 3 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 3 analysts expect revenue to total $48.73M. It ranges from a high estimate of $49.2M 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 -14.50% 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 $242.5M, while the lowest revenue estimate was $231.9M, resulting in an average revenue estimate of $236.47M. In the same quarter a year ago, actual revenue was $230.05M, up 2.80% 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 17.60% from the average revenue estimate for this year.
