What Are The Chances Of MagnaChip Semiconductor Corp (NYSE: MX) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

Stocks Info

As a NYSE listed company, MX falls under the Technology sector while operating within the Semiconductors industry segment. The current market capitalization of MagnaChip Semiconductor Corp is $149.55M. A total of 0.19 million shares were traded on the day, compared to an average of 273.34K shares.

In the most recent transaction, Kim Theodore S bought 5,000 shares of MX for 5.60 per share on Mar 11 ’24. After the transaction, the insider now owns 237,116 company shares. In a previous transaction on Mar 12 ’24, Kim Theodore S bought 2,000 shares at 5.55 per share. MX shares that the insider owns now total 239,116.

Among the insiders who bought shares, Park Shin Young acquired of 9,000 shares on Mar 12 ’24 at a per-share price of $5.56. This resulted in the insider holding 77,363 shares of MX after the transaction. In another insider transaction, Kim Young-Joon bought 17,826 shares at $5.61 per share on Mar 08 ’24. Company shares held by the insider now total 524,923.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, MX has a high of $8.16 and a low of $3.56.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. MX’s latest balance sheet shows that the firm has $279.55M in Cash & Short Term Investments as of fiscal 2021. There were $4.28M in debt and $85.48M in liabilities at the time. Its Book Value Per Share was $8.03, while its Total Shareholder’s Equity was $452.76M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MX is Buy with a score of 3.75.

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