Let’s start up with the current stock price of Magnachip Semiconductor Corporation (MX), which is $25.74 to be very precise. The Stock rose vividly during the last session to $23.32 after opening rate of $23.14 while the lowest price it went was recorded $23.01 before closing at $23.05.
Recently in News on June 11, 2021, Magnachip Confirms Receipt of Unsolicited Proposal. Magnachip Semiconductor Corporation (“Magnachip” or the “Company”) (NYSE: MX), the South Korean leader in display and power solutions, today confirmed receipt of an unsolicited proposal from Cornucopia Investment Partners on behalf of itself and a group of investors, including financial sponsors led by Mr. Tim Crown, Yango financial holdings, Sino-Rock Investment Management Company Limited and Lombarda China Fund, to acquire all of the outstanding shares of Magnachip common stock, par value $0.01 per share (the “Common Stock”), for $35.00 per share in cash (assuming the number of shares on a fully diluted basis at closing of the transaction will be 47,470,416, as shown in the Magnachip’s Form 10-Q filed on May 10, 2021) (the “Proposal”). You can read further details here
Magnachip Semiconductor Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $26.98 on 04/05/21, with the lowest value was $13.31 for the same time period, recorded on 01/04/21.
Magnachip Semiconductor Corporation (MX) full year performance was 87.55%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Magnachip Semiconductor Corporation shares are logging -4.60% during the 52-week period from high price, and 159.21% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.93 and $26.98.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 4458113 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Magnachip Semiconductor Corporation (MX) recorded performance in the market was 70.49%, having the revenues showcasing 2.31% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.06B, as it employees total of 880 workers.
The Analysts eye on Magnachip Semiconductor Corporation (MX)
During the last month, 0 analysts gave the Magnachip Semiconductor Corporation a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 22.46, with a change in the price was noted +7.85. In a similar fashion, Magnachip Semiconductor Corporation posted a movement of +43.25% for the period of last 100 days, recording 1,094,687 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for MX is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.
Technical rundown of Magnachip Semiconductor Corporation (MX)
Raw Stochastic average of Magnachip Semiconductor Corporation in the period of last 50 days is set at 83.56%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 84.84%. In the last 20 days, the company’s Stochastic %K was 64.99% and its Stochastic %D was recorded 62.30%.
Considering, the past performance of Magnachip Semiconductor Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 70.49%. Additionally, trading for the stock in the period of the last six months notably improved by 60.63%, alongside a boost of 87.55% for the period of the last 12 months. The shares increased approximately by -0.04% in the 7-day charts and went up by -4.20% in the period of the last 30 days. Common stock shares were driven by 2.31% during last recorded quarter.