The closing price of Markforged Holding Corporation (NYSE: MKFG) was $0.76 for the day, down -2.91% from the previous closing price of $0.78. In other words, the price has decreased by -$0.0228 from its previous closing price. On the day, 514046 shares were traded. MKFG stock price reached its highest trading level at $0.8498 during the session, while it also had its lowest trading level at $0.7520.
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:
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 151.47M and an Enterprise Value of 77.75M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 0.83 whereas that against EBITDA is -0.85.
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. The 50-Day Moving Average of the stock is 0.7069, while the 200-Day Moving Average is calculated to be 1.0106.
Shares Statistics:
MKFG traded an average of 356.32K shares per day over the past three months and 265.9k shares per day over the past ten days. A total of 198.58M shares are outstanding, with a floating share count of 113.11M. Insiders hold about 43.26% of the company’s shares, while institutions hold 38.95% stake in the company. Shares short for MKFG as of Feb 29, 2024 were 3.28M with a Short Ratio of 9.22, compared to 3.36M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.65% and a Short% of Float of 2.72%.
Earnings Estimates
The firm’s stock currently is rated by 4 analysts. 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 analysts recommending between -$0.17 and -$0.18.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. 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 $24.09M, an estimated decrease of -15.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $23.05M, a decrease of -9.40% over than the figure of -$15.10% in the same quarter last year. 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 $93.78M, up 5.20% from the average estimate. Based 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. The average revenue growth estimate for next year is up 12.10% from the average revenue estimate for this year.
