The closing price of Markforged Holding Corporation (NYSE: MKFG) was $0.67 for the day, down -10.10% from the previous closing price of $0.74. On the day, 684405 shares were traded.
Ratios:
Our analysis of MKFG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 3.58 and its Current Ratio is at 4.23. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.22.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42 while its Price-to-Book (P/B) ratio in mrq is 0.82.
Stock Price History:
Over the past 52 weeks, MKFG has reached a high of $2.30, while it has fallen to a 52-week low of $0.61.
Shares Statistics:
A total of 198.58M shares are outstanding, with a floating share count of 113.68M. Insiders hold about 42.99% of the company’s shares, while institutions hold 38.94% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Markforged Holding Corporation analysts. The consensus estimate for the next quarter is $9.96, with high estimates of $20.59 and low estimates of $3.91.
Analysts are recommending an EPS of between $Financial Services and $Financial Services for the fiscal current year, implying an average EPS of $Financial Services.
