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Why is Maxcyte Inc (MXCT) Stock down?

We've noticed a 5.67% decline in Maxcyte Inc (MXCT) stock during the 2024-06-20 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
05 Oct, 2023:

Maxcyte Inc Stock (MXCT) dropped by 20.64% from $3.27 to $2.60 in the trading on Thursday October 5, 2023. The reason why MXCT stock down is due to the preliminary Q3 result. MaxCyte said it sees third-quarter total revenue of $7.8 to 8.0 million, representing a decrease of 25% -27% versus the year-ago quarter. The company now expects total revenue of approximately $34 million to $36 million for the year.

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