MagnaChip Semiconductor Corp [NYSE: MX] slipped around 0.0 points on Thursday, while shares priced at $2.90 at the close of the session, down 0.00%.
Compared to the average trading volume of 268.77K shares, MX reached a trading volume of 185543 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about MagnaChip Semiconductor Corp [MX]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MX shares is $6.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MX stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for MagnaChip Semiconductor Corp shares, keeping their opinion on the stock as Perform, with their previous recommendation back on December 14, 2021. While these analysts kept the previous recommendation, Needham raised their target price from $18 to $25. The new note on the price target was released on January 13, 2021, representing the official price target for MagnaChip Semiconductor Corp stock. Previously, the target price had yet another raise to $21, while Oppenheimer analysts kept a Outperform rating on MX stock. On August 07, 2017, analysts increased their price target for MX shares from 10.50 to 11.
The Average True Range (ATR) for MagnaChip Semiconductor Corp is set at 0.22, with the Price to Sales ratio for MX stock in the period of the last 12 months amounting to 0.46. The Price to Book ratio for the last quarter was 0.39, with the Price to Cash per share for the same quarter was set at 3.76.
How has MX stock performed recently?
MagnaChip Semiconductor Corp [MX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.32. With this latest performance, MX shares dropped by -28.57% in over the last four-week period, additionally sinking by -38.69% over the last 6 months – not to mention a drop of -41.88% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MX stock in for the last two-week period is set at 34.37, with the RSI for the last a single of trading hit 35.92, and the three-weeks RSI is set at 35.12 for MagnaChip Semiconductor Corp [MX]. The present Moving Average for the last 50 days of trading for this stock 3.92, while it was recorded at 2.88 for the last single week of trading, and 4.35 for the last 200 days.
MagnaChip Semiconductor Corp [MX]: Deeper insight into the fundamentals
MagnaChip Semiconductor Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.03 and a Current Ratio set at 4.74.
Insider trade positions for MagnaChip Semiconductor Corp [MX]
There are presently around $64.40%, or 67.65%% of MX stock, in the hands of institutional investors. The top three institutional holders of MX stocks are: OAKTREE CAPITAL MANAGEMENT LP with ownership of 2.85 million shares, which is approximately 7.4653%. SYSTEMATIC FINANCIAL MANAGEMENT LP, holding 2.12 million shares of the stock with an approximate value of $$10.3 million in MX stocks shares; and SYSTEMATIC FINANCIAL MANAGEMENT LP, currently with $$8.2 million in MX stock with ownership which is approximately 4.4104%.
