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After finishing at $0.61 in the prior trading day, Markforged Holding Corporation (NYSE: MKFG) closed at $0.57, down -6.59%. In other words, the price has decreased by -$6.59 from its previous closing price. On the day, 0.54 million shares were traded. MKFG stock price reached its highest trading level at $0.6152 during the session, while it also had its lowest trading level at $0.57.
Ratios:
Our goal is to gain a better understanding of MKFG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.24 and its Current Ratio is at 2.64. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Craig Hallum on October 25, 2023, Downgraded its rating to Hold and sets its target price to $1 from $2.50 previously.
On August 17, 2022, Credit Suisse started tracking the stock assigning a Neutral rating and target price of $2.70.Credit Suisse initiated its Neutral rating on August 17, 2022, with a $2.70 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 24 ’23 when Zipori Assaf bought 50,000 shares for $1.03 per share. The transaction valued at 51,420 led to the insider holds 368,996 shares of the business.
Terem Shai bought 100,000 shares of MKFG for $97,350 on May 22 ’23. The Chief Executive Officer now owns 2,234,842 shares after completing the transaction at $0.97 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MKFG now has a Market Capitalization of 114145352 and an Enterprise Value of 55712576. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 0.617 whereas that against EBITDA is -0.832.
Stock Price History:
The Beta on a monthly basis for MKFG is 1.61, which has changed by -0.26594466 over the last 52 weeks, in comparison to a change of 0.25590587 over the same period for the S&P500. Over the past 52 weeks, MKFG has reached a high of $2.30, while it has fallen to a 52-week low of $0.50. The 50-Day Moving Average of the stock is -18.08%, while the 200-Day Moving Average is calculated to be -39.10%.
Shares Statistics:
The stock has traded on average 311.92K shares per day over the past 3-months and 247770 shares per day over the last 10 days, according to various share statistics. A total of 198.58M shares are outstanding, with a floating share count of 114.17M. Insiders hold about 42.99% of the company’s shares, while institutions hold 37.56% stake in the company. Shares short for MKFG as of 1713139200 were 3019265 with a Short Ratio of 9.68, compared to 1710460800 on 3220774. Therefore, it implies a Short% of Shares Outstanding of 3019265 and a Short% of Float of 2.4899999999999998.
Earnings Estimates
Investors are keenly observing as 4.0 analysts analyze and rate the current performance of Markforged Holding Corporation (MKFG) in the stock market.On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.07, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.2 and -$0.21 for the fiscal current year, implying an average EPS of -$0.2. EPS for the following year is -$0.17, with 4.0 analysts recommending between -$0.17 and -$0.18.
Revenue Estimates
4 analysts predict $20.55M in revenue for the current quarter. It ranges from a high estimate of $20.8M to a low estimate of $20.26M. As of the current estimate, Markforged Holding Corporation’s year-ago sales were $24.09MFor the next quarter, 4 analysts are estimating revenue of $23.05M. There is a high estimate of $24.44M for the next quarter, whereas the lowest estimate is $21.55M.
A total of 4 analysts have provided revenue estimates for MKFG’s current fiscal year. The highest revenue estimate was $100M, while the lowest revenue estimate was $97M, resulting in an average revenue estimate of $98.62M. In the same quarter a year ago, actual revenue was $93.78MBased on 4 analysts’ estimates, the company’s revenue will be $110.54M in the next fiscal year. The high estimate is $114.7M and the low estimate is $107.58M.
