Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Markforged Holding Corporation (NYSE: MKFG) closed the day trading at $4.63 up 4.04% from the previous closing price of $4.45. In other words, the price has increased by $4.04 from its previous closing price. On the day, 0.83 million shares were traded. MKFG stock price reached its highest trading level at $4.69 during the session, while it also had its lowest trading level at $4.43.
Ratios:
For a better understanding of MKFG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.98 and its Current Ratio is at 2.39. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.28.
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.
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 95470600 and an Enterprise Value of 69758760. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.10 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 0.803 whereas that against EBITDA is -1.144.
Stock Price History:
The Beta on a monthly basis for MKFG is 1.12, which has changed by -0.45784545 over the last 52 weeks, in comparison to a change of 0.08572841 over the same period for the S&P500. Over the past 52 weeks, MKFG has reached a high of $8.80, while it has fallen to a 52-week low of $1.57. The 50-Day Moving Average of the stock is 57.99%, while the 200-Day Moving Average is calculated to be 30.22%.
Shares Statistics:
Over the past 3-months, MKFG traded about 112.36K shares per day on average, while over the past 10 days, MKFG traded about 390820 shares per day. A total of 20.50M shares are outstanding, with a floating share count of 12.25M. Insiders hold about 40.61% of the company’s shares, while institutions hold 28.36% stake in the company. Shares short for MKFG as of 1741910400 were 77464 with a Short Ratio of 0.69, compared to 1739491200 on 95884. Therefore, it implies a Short% of Shares Outstanding of 77464 and a Short% of Float of 0.69.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Investors are keenly observing as 1.0 analysts analyze and rate the current performance of Markforged Holding Corporation (MKFG) in the stock market.The consensus estimate for the next quarter is -$0.37, with high estimates of -$0.36 and low estimates of -$0.37.
Analysts are recommending an EPS of between -$2.0 and -$2.0 for the fiscal current year, implying an average EPS of -$2.0. EPS for the following year is -$1.05, with 2.0 analysts recommending between -$0.93 and -$1.18.
Revenue Estimates
1 analysts predict $22.3M in revenue for the current quarter. It ranges from a high estimate of $22.3M to a low estimate of $22.3M. As of the current estimate, Markforged Holding Corporation’s year-ago sales were $24.2MFor the next quarter, 1 analysts are estimating revenue of $20.76M. There is a high estimate of $21.2M for the next quarter, whereas the lowest estimate is $20.31M.
A total of 1 analysts have provided revenue estimates for MKFG’s current fiscal year. The highest revenue estimate was $85M, while the lowest revenue estimate was $85M, resulting in an average revenue estimate of $85M. In the same quarter a year ago, actual revenue was $93.78MBased on 2 analysts’ estimates, the company’s revenue will be $95.61M in the next fiscal year. The high estimate is $96.02M and the low estimate is $95.2M.
