MagnaChip Semiconductor Corp (MX) Stock Forecast & Predictions

MagnaChip Semiconductor Corp MX: $25.87

C/O Magnachip Semiconductor S.A., 74 Rue De Merl, Luxembourg, Luxembourg. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.magnachip.com/

  • Market Cap$1.20B
  • Change (52 Weeks)133.24%
  • Low (52 Weeks)$9.47
  • MagnaChip Semiconductor Corp (MX) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, MagnaChip Semiconductor Corp (MX) stock price is $25.87 and the 52 weeks low is $9.47, which means the MagnaChip Semiconductor Corp stock price is up 133.24% in the last 12 months.

    MagnaChip Semiconductor Corp (MX) Stock Price has been Trending Strongly with an ADX reading of 42.55 as per the Weekly Chart.

    A Upward trend indicates that MagnaChip Semiconductor Corp (MX) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that MX Stock price might rise further, 18.75% indicating that MX Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MX stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    MagnaChip Semiconductor Corp (MX) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for MagnaChip Semiconductor Corp (MX) is based on 12 Institutional Analyst Ratings where 50.00% are on Strong Buy, 33.33% on Moderate Buy, 16.67% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 12 Institutional Analysts, majority recommended MX stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of MagnaChip Semiconductor Corp.

    MagnaChip Semiconductor Corp (MX) Stock Price Prediction By Analysts


    HighLowAverage
    $31.50$20.20$27.20
    $27.205.14% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for MX set by the institutional analysts is $27.20 where High Estimate is $31.50, Median $30.6 and Low $20.20.

    The average price target for MX by Institutional Analysts is $27.20, which is 5.14% Upside from the current price. So according to the Institutional Analysts, MX Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    MagnaChip Semiconductor Corp (MX) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with MX stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about MX and holding their positions hoping for a further rise in the stock price and more profit.

    MagnaChip Semiconductor Corp (MX) Stock Forecast Based on News Sentiment


    Neutral
    Based on 5 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of MX consisting of positive and negative, it shows that MagnaChip Semiconductor Corp had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so MX stock price most likey won't have any reaction to last weeks news coverage.

    MagnaChip Semiconductor Corp (MX) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Roth CapitalBuyMaintained
    NeedhamBuyMaintained
    OppenheimerOutperformInitiated
    CitigroupNeutralMaintained
    NeedhamBuyMaintained
    Tudor PickeringHoldDowngraded
    JefferiesHoldDowngraded
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    TD SecuritiesBuyUpgraded
    Raymond JamesOutperformUpgraded
    CitigroupNeutralMaintained
    JefferiesBuyMaintained
    CitigroupNeutralMaintained
    TD SecuritiesHoldDowngraded
    Raymond JamesMarket PerformDowngraded
    UBSSellMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralInitiated
    BernsteinUnderperformInitiated
    TD SecuritiesBuyUpgraded
    CIBCOutperformUpgraded
    Raymond JamesOutperformUpgraded
    Raymond JamesMarket PerformDowngraded
    UBSSellDowngraded
    TD SecuritiesHoldDowngraded
    CIBCSector PerformerDowngraded
    CitigroupNeutralMaintained
    Raymond JamesOutperformDowngraded
    Roth CapitalBuyInitiated
    CitigroupNeutralMaintained
    TD SecuritiesBuyUpgraded
    CitigroupNeutralMaintained
    CIBCOutperformUpgraded
    Raymond JamesStrong BuyUpgraded
    TD SecuritiesHoldDowngraded
    CitigroupHoldDowngraded
    Raymond JamesOutperformUpgraded
    JefferiesBuyMaintained
    Monness Crespi HardtNeutralDowngraded
    Raymond JamesMarket PerformDowngraded
    Raymond JamesOutperformMaintained
    Raymond JamesOutperformDowngraded
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    Scotia Howard WeilOutperformUpgraded
    TopekaBuyUpgraded
    JefferiesBuyMaintained
    ScotiaBankSector PerformDowngraded
    Raymond JamesStrong BuyUpgraded
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    JefferiesBuyMaintained
    Monness Crespi HardtBuyMaintained
    TD SecuritiesBuyUpgraded
    UBSBuyMaintained
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    Raymond JamesStrong BuyUpgraded
    JefferiesBuyMaintained
    TD SecuritiesBuyUpgraded
    Raymond JamesMarket PerformDowngraded
    CitigroupNeutralMaintained
    TD SecuritiesHoldInitiated
    Chardan CapitalNeutralDowngraded
    UBSSellDowngraded
    UBSBuyMaintained
    Monness Crespi HardtBuyMaintained
    Raymond JamesOutperformUpgraded
    BMO CapitalMarket PerformDowngraded
    Raymond JamesMarket PerformDowngraded
    BMO CapitalOutperformMaintained
    Monness Crespi HardtBuyMaintained
    Monness Crespi HardtBuyMaintained
    JefferiesBuyMaintained
    Monness Crespi HardtBuyMaintained
    SusquehannaPositiveUpgraded
    UBSBuyUpgraded
    CitigroupNeutralDowngraded
    BMO CapitalOutperformMaintained
    Monness Crespi HardtBuyInitiated
    TopekaBuyInitiated
    JefferiesBuyUpgraded
    UBSNeutralDowngraded
    JefferiesHoldMaintained
    Craig-HallumBuyInitiated
    TD SecuritiesHoldDowngraded
    BMO CapitalMarket PerformMaintained
    Raymond JamesOutperformUpgraded
    CIBCSector UnderperformDowngraded
    Raymond JamesMarket PerformDowngraded
    NeedhamStrong BuyInitiated
    UBSBuyMaintained
    Raymond JamesOutperformUpgraded
    Raymond JamesMarket PerformMaintained
    JefferiesHoldInitiated
    BMO CapitalMarket PerformMaintained
    Raymond JamesMarket PerformDowngraded

    MagnaChip Semiconductor Corp (MX) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.193
    The average consensus EPS for MX is $0.193 with a high estimate of $0.210 and Low of $0.176 for the period 2021-06-30 and based on 7 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.14$0.07176012020-09-30


    The latest average Earning Per Share Estimate for MagnaChip Semiconductor Corp is $0.19, which is higher than MX's last EPS, $0.14. This means that Analysts are expecting MagnaChip Semiconductor Corp to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of MagnaChip Semiconductor Corp.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.14$0.07176012020-09-30
    $0.13$0.07485012020-06-30
    $0.03$0.10951992020-03-31
    $0.32$0.141800099999999982019-12-31
    $0.49$0.291829900000000032019-09-30
    $0.08$-0.13320992019-06-30
    $-0.58$-0.51018992019-03-31
    $0.1$0.072100000000000012018-12-31
    $0.32$0.268832018-09-30
    $0.23$0.169259900000000022018-06-30
    $0.04$0.0614601000000000042018-03-31
    $0.23$0.23347012017-12-31
    $0.28$0.281190000000000052017-09-30
    $0.21$0.01032017-06-30
    $0.01$-0.09272017-03-31
    $0.04$0.072100000000000012016-12-31
    $-0.04$0.03092016-09-30
    $-0.05$-0.25752016-06-30
    $-0.08$-0.262652016-03-31
    $0.15$-0.489249999999999962015-12-31
    $-0.3$-0.334750000000000052015-09-30
    $-0.32$-0.41542992015-06-30
    $-0.28$-0.44292015-03-31
    $-0.4$0.457322014-06-30
    $0.76$0.73258750000000012013-09-30
    $0.71$0.612852013-06-30
    $0.53$0.48582012013-03-31
    $0.77$0.72787010000000012012-12-31
    $0.81$0.62832012-09-30
    $0.48$0.37252012012-06-30
    $0.16$0.140082012-03-31
    $0.25$0.206000000000000022011-12-31
    $0.44$0.404275000000000052011-09-30
    $0.54$0.478950000000000042011-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).