Does Wall Street Rate Magnachip Semiconductor Corporation (MX) Shares A Buy?

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As of Wednesday close, Magnachip Semiconductor Corporation’s (NYSE:MX) stock was up $0.29, moving up 3.08 percent to $9.72. The average number of shares traded per day over the past five days has been 398,300 shares. 2 times new highs have been achieved over the past 5 days, with a $0.28 gain in that time frame. In the last twenty days, the average volume was 547,585, while in the previous 50 days, it was 462,718.

Since last month, MX stock retreated -2.80%. Shares of the company fell to $8.90 on 11/09/22, the lowest level in the past month. A 52-week high of $22.28 was reached on 01/03/22 after having rallying from a 52-week low of $8.90. Since the beginning of this year, MX’s stock price has dropped by -53.65% or -$11.25, and marked a new high 1 time. However, the stock has declined by -56.37% since its 52-week high.


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MX stock investors should be aware that Magnachip Semiconductor Corporation (MX) stock had its last reported insider trading activity 273 days ago on Feb 24. Kim Young-Joon, the of the company, purchased of 5,460 shares for $17.37 on Feb 24. It resulted in a $94,840 investment by the insider. Kim Theodore S added 3,000 shares at an average price of $18.45 on Feb 23. The insider now owns 150,799 shares following the transaction. On Feb 22, Lee Woung Moo sold 7,000 shares at $18.58 apiece. The transaction was valued at $130,089.

Valuation Metrics

Right now, Magnachip Semiconductor Corporation (MX) has a P/E ratio of about 12.96. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 1.11, the price-to-book (PB) ratio of 0.97, and the price-to-cash flow ratio of 9.12 may also be considered.

Financial Health

In the three months ended June 29, Magnachip Semiconductor Corporation’s quick ratio stood at 4.70, while its current ratio was 5.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 32.00% percent. In the year ended June 29, operating margins totaled 25.40%. Based on annual data, MX earned $153.54 million in gross profit and brought in $474.23 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.60%. Return on equity (ROE) for the past 12 months was 16.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MX’s revenue fell -59.94% to $101.38 million during the quarter, while net income inched up to $71.2 million. While analysts expected Magnachip Semiconductor Corporation to report $0.18 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by 27.80%. During the quarter, the company generated -$6.38 million in EBITDA. The liabilities of Magnachip Semiconductor Corporation were 122.99 million at the end of its most recent quarter ended June 29, and its total debt was $3.42 million. The value of shareholders’ equity is $44.17 million.

Technical Picture

This quick technical analysis looks at Magnachip Semiconductor Corporation’s (MX) price momentum. With a historical volatility rate of 59.21%, the RSI 9-day stood at 51.82% on 23 November.

With respect to its five-day moving average, the current Magnachip Semiconductor Corporation price is up by +2.97% percent or $0.28. At present, MX shares trade -1.32% below its 20-day simple moving average and -28.74% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.64% below its SMA50 and -48.19% below its SMA200.

Stochastic coefficient K was 46.81% and Stochastic coefficient D was 40.67%, while ATR was 0.41. Given the Stochastic reading of 71.00% for the 14-day period, the RSI (14) reading has been calculated as 48.92%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.03.

Analyst Ratings

Magnachip Semiconductor Corporation (MX) has been rated Overweight by analysts. According to 0 brokerage firms, MX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Magnachip Semiconductor Corporation stock as buy, with 2 recommending it as overweight.

With a median target price of $14.00, the current consensus forecast for the stock is $13.00 – $15.00. Based on these forecasts, analysts predict Magnachip Semiconductor Corporation (MX) will achieve an average price target of $14.00.

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