MaxCyte, Inc. (NASDAQ:MXCT - Get Rating) - Stock analysts at William Blair decreased their Q2 2022 EPS estimates for MaxCyte in a report released on Tuesday, May 10th. William Blair analyst M. Larew now expects that the company will post earnings per share of ($0.09) for the quarter, down from their previous forecast of ($0.07). William Blair also issued estimates for MaxCyte's Q3 2022 earnings at ($0.10) EPS, Q4 2022 earnings at ($0.06) EPS, FY2022 earnings at ($0.29) EPS and FY2023 earnings at ($0.27) EPS. MaxCyte (NASDAQ:MXCT - Get Rating) last issued its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.05) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.05). MaxCyte had a negative return on equity of 7.39% and a negative net margin of 41.15%.
Shares of MXCT stock opened at $4.40 on Thursday. The company has a market capitalization of $446.78 million and a P/E ratio of -25.88. The company's 50-day moving average is $5.89. MaxCyte has a 1-year low of $4.00 and a 1-year high of $17.44.
Hedge funds and other institutional investors have recently modified their holdings of the business. Freemont Management S.A. acquired a new stake in MaxCyte in the first quarter worth about $68,000. Nkcfo LLC acquired a new stake in MaxCyte in the first quarter worth about $91,000. Strs Ohio boosted its holdings in MaxCyte by 588.9% in the first quarter. Strs Ohio now owns 24,800 shares of the company's stock worth $173,000 after acquiring an additional 21,200 shares in the last quarter. ProShare Advisors LLC acquired a new stake in MaxCyte in the first quarter worth about $204,000. Finally, Qube Research & Technologies Ltd acquired a new stake in MaxCyte in the first quarter worth about $280,000. 65.86% of the stock is owned by institutional investors and hedge funds.
MaxCyte Company Profile (Get Rating)
MaxCyte, Inc, a global life sciences company, engages in the discovery, development, and commercialization of next-generation cell therapies. Its products include ExPERT ATx, a static electroporation instrument for small to medium scale transfection; ExPERT STx, a flow electroporation for protein production and drug development, as well as expression of therapeutic targets for cell-based assays; ExPERT GTx, a flow electroporation for large scale transfection in therapeutic applications; and ExPERT VLx for very large volume cell-engineering.
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