How to Buy Magnachip Semiconductor Stock
Magnachip Semiconductor Corp
Magnachip Semiconductor is a semiconductor company located in Luxembourg, which is part of the Technology sector, and is traded under the ticker MX on the NYSE exchange.
Magnachip Semiconductor stock last closed at $8.73, down 0.34% from the previous day, and has decreased 49.24% in one year. It has underperformed other stocks in the Semiconductors industry by 0.38 percentage points. Magnachip Semiconductor stock is currently +3.31% from its 52-week low of $8.45, and -57.7% from its 52-week high of $20.64.
As of Mar 20, 2023, there are 43.54M shares of MX outstanding. The market cap of MX is $380.08M. In the last 24 hours, 520,181 MX shares were traded.
How to Buy Magnachip Semiconductor Stock
Wondering how to invest in Magnachip Semiconductor stock? Here's how.
- Figure out where to buy Magnachip Semiconductor stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Magnachip Semiconductor stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Choose your payment method and add your information.
- Research Magnachip Semiconductor stock: The Magnachip Semiconductor ticker symbol is MX. Is Magnachip Semiconductor stock a good investment? Should you buy shares of MX? How do MX's underlying business fundamentals look? Do top analysts think Magnachip Semiconductor is a good buy? Why has MX's stock price moved recently? (Hint: Our stock market research tools can help you understand if MX is a good stock to buy).
- Execute your MX purchase: Decide if you will purchase MX shares at the current market price or use a limit order to purchase MX shares at a particular price.
- Watch your MX investment: Create a watchlist to important updates regarding your investment in Magnachip Semiconductor shares.
Step 1: Figure out where to buy Magnachip Semiconductor stock
You will need a brokerage account in order to access the NYSE market and buy MX stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal info so you can invest in MX today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to start your new trading account.
- Send your data by clicking the "Create Account" button.
Step 3: Put funds into your investment account
Now that you have created your account on the best stock app, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of transferring money into your new investment account.
Step 4: Research Magnachip Semiconductor stock
Once you have decided on the best place to buy Magnachip Semiconductor stock, it's critical to analyze their stock prior to buying, so you actually comprehend the risk and opportunity.
Magnachip Semiconductor stock data
Fundamentals of MX
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can view all of the due diligence checks on MX's stock page.
Is MX stock undervalued?
You can use many financial metrics, analyses, models, and charts to gauge MX's fair value.
Using relative valuations methods:
- MX may be undervalued based on its P/B ratio of 0.89x, relative to Semiconductors industry P/B ratio of 4.69x
You can access more valuation analysis on MX's stock here.
MX Financial Health
Passed Financial Due Diligence Checks:
- MX has a low debt to equity ratio of 0.21.
- Total MX debt is lower than 5 years ago, relative to shareholder equity.
- MX has $225.48M in cash and short term investments. This is sufficient to cover its annual cash burn of $17.68M.
- MX has cash burn of 17679000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the MX balance sheet.
- There are more short-term assets than short-term liabilities on the MX balance sheet.
Failed Financial Due Diligence Checks:
- MX profit margin has gone down from 12% to -2.4% in the past year.
Do analysts think it's a good time to buy Magnachip Semiconductor stock
Out of 2 sell side analysts who monitor MX, the consensus analyst rating on MX is a Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Most Recent MX Analyst Forecasts
Rajvindra Gill, a top 2% analyst from Needham reiterates MX with a buy rating and maintains their MX price target from $13.00 to $13.00, on Feb 17, 2023.
Nelson Ng, a bottom 33% analyst from RBC Capital maintains MX with a hold rating and raises their MX price target from $45.00 to $50.00, on Feb 6, 2023.
You can dive deeper into what analysts are saying on the Magnachip Semiconductor stock forecast page.
Metrics for Advanced MX Traders
MX Growth Metrics
Last year, MX revenue was $337.66M. During the past five year, MX's revenue has grown by -13.06% per year. This was slower than the Semiconductors industry average of 16.44%.
You can research MX's earnings and revenue performance here.
Are MX insiders buying or selling the stock?
In the last year, executives and large shareholders at MX have sold more shares than they have bought.
Shin Young Park, Chief Financial Officer of MX, was the latest MX insider to sell. They sold $14,282.19 worth of MX shares on Mar 12, 2023.
Dig into more about who owns MX shares here.
Does MX stock generate passive income?
No, Magnachip Semiconductor doesn't provide an income stream by paying out dividends.
MX Social Trading Data
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your MX purchase
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, place a limit order.
Click the Open button and your broker will place the order.
If you require additional info about investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your MX investment
Now that you own some shares in MX, you'll want to keep up with your new investment.
Start a watchlist to track the latest developments regarding your MX stock.
MX Feed
How to Buy Stock in Magnachip Semiconductor
To summarize, here are the 6 steps to buy stock in Magnachip Semiconductor:
- Figure out where to buy Magnachip Semiconductor stock
- Sign up for your brokerage account
- Put funds into your investment account
- Research Magnachip Semiconductor stock
- Execute your MX purchase
- Watch your MX investment
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Magnachip Semiconductor, create a watchlist on WallStreetZen today.
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