On 8/1/24, MagnaChip Semiconductor Corp (NYSE: MX) stock enjoyed a major increase of 13.0%, closing at $5.75. Moreover, trading volume in this advance was exceptionally high at 765% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 17.6% during the last week.
Current PriceTarget Research Rating
MX’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
MagnaChip Semiconductor has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. MagnaChip Semiconductor has a neutral Appreciation Score of 43 but a very low Power Rating of 15, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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