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Marketwise Inc (NASDAQ: MKTW) closed the day trading at $0.50 down -1.38% from the previous closing price of $0.51. In other words, the price has decreased by -$1.38 from its previous closing price. On the day, 0.36 million shares were traded. MKTW stock price reached its highest trading level at $0.5101 during the session, while it also had its lowest trading level at $0.485.
Ratios:
For a better understanding of MKTW, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.38.
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, UBS on December 01, 2023, Downgraded its rating to Neutral and sets its target price to $3.50 from $3 previously.
Wedbush Downgraded its Outperform to Neutral on March 11, 2022, whereas the target price for the stock was revised from $11 to $6.
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 Sep 17 ’24 when Tongue Glenn H bought 10,764 shares for $0.70 per share. The transaction valued at 7,519 led to the insider holds 24,038 shares of the business.
Tongue Glenn H bought 5,000 shares of MKTW for $3,500 on Sep 18 ’24. The Director now owns 255,812 shares after completing the transaction at $0.70 per share. On May 17 ’24, another insider, Greenhaven Road Investment Man, who serves as the 10% Owner of the company, sold 103,304 shares for $1.58 each. As a result, the insider received 163,313 and left with 1,893,408 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MKTW now has a Market Capitalization of 22216200 and an Enterprise Value of -294793824. As of this moment, Marketwise’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.88, and their Forward P/E ratio for the next fiscal year is 2.47. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38. Its current Enterprise Value per Revenue stands at -0.696 whereas that against EBITDA is -4.092.
Stock Price History:
Over the past 52 weeks, MKTW has reached a high of $3.50, while it has fallen to a 52-week low of $0.47. The 50-Day Moving Average of the stock is -15.96%, while the 200-Day Moving Average is calculated to be -57.12%.
Shares Statistics:
Over the past 3-months, MKTW traded about 551.41K shares per day on average, while over the past 10 days, MKTW traded about 417960 shares per day. A total of 36.38M shares are outstanding, with a floating share count of 27.61M. Insiders hold about 37.86% of the company’s shares, while institutions hold 31.07% stake in the company. Shares short for MKTW as of 1731628800 were 1197613 with a Short Ratio of 2.17, compared to 1728950400 on 317214. Therefore, it implies a Short% of Shares Outstanding of 1197613 and a Short% of Float of 3.35.
Dividends & Splits
MKTW’s forward annual dividend rate is 0.05, up from 0.04 a year ago. Against a Trailing Annual Dividend Yield of 0.07889546
