The closing price of MagnaChip Semiconductor Corp (NYSE: MX) was $5.70 for the day, down -14.80% from the previous closing price of $6.69. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 3031266 shares were traded. MX stock price reached its highest trading level at $6.44 during the session, while it also had its lowest trading level at $5.41.
Ratios:
Our analysis of MX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.12 and its Current Ratio is at 5.86. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 259.32M and an Enterprise Value of 97.58M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 0.41 whereas that against EBITDA is -7.87.
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 $6.29. The 50-Day Moving Average of the stock is 6.96, while the 200-Day Moving Average is calculated to be 8.19.
Shares Statistics:
MX traded an average of 381.94K shares per day over the past three months and 435.65k shares per day over the past ten days. A total of 43.82M 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 1.82, compared to 626.62k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.80% and a Short% of Float of 1.83%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.24 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.26, while EPS last year was -$0.24. The consensus estimate for the next quarter is -$0.21, with high estimates of -$0.18 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.29 and -$0.86 for the fiscal current year, implying an average EPS of -$0.61. EPS for the following year is $0, with 1 analysts recommending between $0 and $0.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $55.5M to a low estimate of $52M. As of the current estimate, MagnaChip Semiconductor Corp’s year-ago sales were $57.01M, an estimated decrease of -5.70% 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 $290M, while the lowest revenue estimate was $270M, resulting in an average revenue estimate of $279.37M. In the same quarter a year ago, actual revenue was $230.05M, up 21.40% from the average estimate.
