MagnaChip Semiconductor Corp (NYSE: MX)’s stock price has gone decline by -5.88 in comparison to its previous close of 3.91, however, the company has experienced a -3.02% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that Magnachip Semiconductor Corporation (NYSE:MX ) Q3 2024 Earnings Conference Call October 30, 2024 5:00 PM ET Company Participants Steven Pelayo – Head of Investor Relations YJ Kim – Chief Executive Officer Shinyoung Park – Chief Financial Officer Conference Call Participants Suji Desilva – ROTH Capital Nicolas Doyle – Needham & Company Martin Yang – Oppenheimer Operator Hello, everyone, and thank you for standing by. Welcome to the Third Quarter 2024 Magnachip Semiconductor Corporation Earnings Conference Call.
Is It Worth Investing in MagnaChip Semiconductor Corp (NYSE: MX) Right Now?
MX has 36-month beta value of 0.65. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for MX is 34.74M, and currently, short sellers hold a 0.95% ratio of that float. The average trading volume of MX on December 26, 2024 was 258.59K shares.
MX’s Market Performance
MX stock saw a decrease of -3.02% in the past week, with a monthly decline of 0.00% and a quarterly a decrease of -14.41%. The volatility ratio for the week is 3.62%, and the volatility levels for the last 30 days are 4.21% for MagnaChip Semiconductor Corp (MX). The simple moving average for the past 20 days is -10.51% for MX’s stock, with a -23.03% simple moving average for the past 200 days.
Analysts’ Opinion of MX
Needham, on the other hand, stated in their research note that they expect to see MX reach a price target of $25, previously predicting the price at $18. The rating they have provided for MX stocks is “Buy” according to the report published on January 13th, 2021.
Oppenheimer gave a rating of “Outperform” to MX, setting the target price at $21 in the report published on January 08th of the previous year.
MX Trading at -11.81% from the 50-Day Moving Average
After a stumble in the market that brought MX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.90% of loss for the given period.
Volatility was left at 4.21%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares sank -3.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.91% lower at present.
During the last 5 trading sessions, MX fell by -3.02%, which changed the moving average for the period of 200-days by -30.20% in comparison to the 20-day moving average, which settled at $4.11. In addition, MagnaChip Semiconductor Corp saw -48.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MX starting from Kim Theodore S, who purchase 5,000 shares at the price of $5.60 back on Mar 11 ’24. After this action, Kim Theodore S now owns 237,116 shares of MagnaChip Semiconductor Corp, valued at $28,000 using the latest closing price.
Kim Theodore S, the of MagnaChip Semiconductor Corp, purchase 2,000 shares at $5.55 during a trade that took place back on Mar 12 ’24, which means that Kim Theodore S is holding 239,116 shares at $11,100 based on the most recent closing price.
Stock Fundamentals for MX
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.2 for the gross margin
The net margin for MagnaChip Semiconductor Corp stands at -0.21. The total capital return value is set at -0.16. Equity return is now at value -13.49, with -10.42 for asset returns.
Based on MagnaChip Semiconductor Corp (MX), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at -0.65. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -37.89.
Currently, EBITDA for the company is -30.05 million with net debt to EBITDA at 3.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.27. The receivables turnover for the company is 6.3for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.81.
Conclusion
To put it simply, MagnaChip Semiconductor Corp (MX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
