MagnaChip Semiconductor Corp [MX] stock prices are up 3.41% to $4.25 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MX shares have gain 16.76% over the last week, with a monthly amount drifted -5.56%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Needham reaffirmed its Buy rating on January 13, 2021, and elevated its price target to $25. On January 08, 2021, Oppenheimer initiated with a Outperform rating and assigned a price target of $21 on the stock. Citigroup reiterated its Neutral rating and increased its price target to $11 on August 07, 2017. Citigroup initiated its recommendation with a Neutral. Needham upgraded its rating to Buy for this stock on January 13, 2017, but kept the price target unchanged to $10. In a note dated September 29, 2016, ROTH Capital initiated an Buy rating.
The stock price of MagnaChip Semiconductor Corp [MX] has been fluctuating between $3.56 and $8.16 over the past year. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. MagnaChip Semiconductor Corp [NYSE: MX] shares were valued at $4.25 at the most recent close of the market. An investor can expect a potential return of 88.24% based on the average MX price forecast.
Analyzing the MX fundamentals
The MagnaChip Semiconductor Corp [NYSE:MX] reported sales of 214.23M for trailing twelve months, representing a surge of 7.48%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.27%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.14 and Total Capital is -0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.12 points at the first support level, and at 3.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.34, and for the 2nd resistance point, it is at 4.43.
Ratios To Look Out For
It’s worth pointing out that MagnaChip Semiconductor Corp [NYSE:MX]’s Current Ratio is 4.81. Further, the Quick Ratio stands at 4.04, while the Cash Ratio is 2.41. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 0.53.
Transactions by insiders
Recent insider trading involved Kim Theodore S, that happened on Mar 11 ’24 when 5000.0 shares were purchased., Kim Theodore S completed a deal on Mar 12 ’24 to buy 2000.0 shares. Meanwhile, Park Shin Young bought 9000.0 shares on Mar 12 ’24.
