What Technical Indicators Show About MaxCyte Inc. (MXCT)?

MaxCyte Inc. (NASDAQ:MXCT) trading with a subtraction of -$0.44 to $10.27 on Friday, a downside of -4.12 percent. An average of 652,326 shares of common stock have been traded in the last five days. There was a fall of -$1.45 in the past week. The last 20 days have seen an average of 774,317 shares traded.

MXCT stock has decreased by -36.96% in the last month. The company shares reached their 1-month lowest point of $9.45 on 10/08/21. Shares of the company touched a low of $5.85 and a high of $17.44 in 52 weeks. In spite of this, the price is down -41.12% from the 52-week high.


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Valuation Metrics

MaxCyte Inc. (MXCT) has a trailing price-to-earnings (P/E) ratio of 26.50 for the broader industry and 31.99 for the sector. This means investors are optimistic about the stock’s future prospects.

On the profitability front, the trailing 12-month gross margin 5-year average of 89.2%. MaxCyte Inc.’s EBITDA margin for the year ending June 29 is -37.94%. Its gross profit as reported stood at $23.4 million compared to revenue of $26.17 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. MaxCyte Inc.’s return on assets was -36.9% over the last five years. For the broader industry, ROE averaged -2.89 over the past year.

Earnings Surprise

The analyst consensus anticipated MaxCyte Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.05, a 16.70% surprise. For the quarter, EBITDA amounted to -$4.1 million. Shareholders own equity worth $100.41 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at MaxCyte Inc. (MXCT) price momentum. RSI 9-day as of the close on 07 October was 12.93%, suggesting the stock is oversold, with historical volatility in this time frame at 34.69%.

As of today, MXCT’s price is $10.72 -12.72% or -$1.45 from its 5-day moving average. MXCT is currently trading -35.18% lower than its 20-day SMA.

The stochastic %K and %D were 6.69% and 8.15%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 9.01% and the average true range at 0.90, the RSI (14) stands at 20.14%. The stock has reached -0.95 on the 9-day MACD Oscillator while the 14-day reading was at -1.85.

Analyst Ratings

William Blair launched coverage on MaxCyte Inc. (NASDAQ: MXCT) in its analyst report released on August 24, 2021. The firm assigned the stock a an Outperform rating.The consensus rating for MaxCyte Inc. (MXCT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MXCT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is MXCT’s price target for the next 12 months?

Analysts predict a range of price targets between $17.18 and $22.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for MaxCyte Inc. (MXCT) stock is $18.73.

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