The closing price of MaxCyte Inc (NASDAQ: MXCT) was $3.97 for the day, up 0.76% from the previous closing price of $3.94. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 663828 shares were traded.
Ratios:
Our analysis of MXCT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 12.12 and its Current Ratio is at 12.87. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on November 29, 2023, initiated with a Buy rating and assigned the stock a target price of $7.
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 Jan 26 ’24 when Johnston John Joseph sold 5,000 shares for $5.12 per share. The transaction valued at 25,585 led to the insider holds 120,583 shares of the business.
Johnston John Joseph sold 5,000 shares of MXCT for $22,650 on Dec 26 ’23. The Director now owns 120,583 shares after completing the transaction at $4.53 per share. On Dec 05 ’23, another insider, Doerfler Douglas, who serves as the President and CEO of the company, sold 99,442 shares for $5.17 each. As a result, the insider received 514,115 and left with 333,197 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, MXCT now has a Market Capitalization of 418.02M and an Enterprise Value of 243.87M. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.82 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 6.41 whereas that against EBITDA is -6.25.
Stock Price History:
Over the past 52 weeks, MXCT has reached a high of $5.55, while it has fallen to a 52-week low of $2.45. The 50-Day Moving Average of the stock is 4.8049, while the 200-Day Moving Average is calculated to be 4.2314.
Shares Statistics:
MXCT traded an average of 775.13K shares per day over the past three months and 580.33k shares per day over the past ten days. A total of 102.40M shares are outstanding, with a floating share count of 91.10M. Insiders hold about 12.16% of the company’s shares, while institutions hold 70.57% stake in the company. Shares short for MXCT as of Feb 15, 2024 were 3.17M with a Short Ratio of 4.09, compared to 3.18M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.06% and a Short% of Float of 3.10%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.1, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.11, with high estimates of -$0.09 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.3 and -$0.42 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.44, with 7 analysts recommending between -$0.35 and -$0.52.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $15.6M to a low estimate of $8.4M. As of the current estimate, MaxCyte Inc’s year-ago sales were $12.42M, an estimated increase of 5.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $8.97M, an increase of 4.60% less than the figure of $5.40% in the same quarter last year. There is a high estimate of $10.2M for the next quarter, whereas the lowest estimate is $7.8M.
A total of 7 analysts have provided revenue estimates for MXCT’s current fiscal year. The highest revenue estimate was $41.2M, while the lowest revenue estimate was $35.6M, resulting in an average revenue estimate of $39.77M. In the same quarter a year ago, actual revenue was $44.26M, down -10.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $40.31M in the next fiscal year. The high estimate is $43.2M and the low estimate is $34.2M. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.
