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The closing price of Marketwise Inc (NASDAQ: MKTW) was $0.83 for the day, up 1.32% from the previous closing price of $0.82. In other words, the price has increased by $1.32 from its previous closing price. On the day, 0.7 million shares were traded.
Ratios:
Our analysis of MKTW’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.43.
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:
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 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:
As of this moment, Marketwise’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.44, and their Forward P/E ratio for the next fiscal year is 3.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.68.
Stock Price History:
Over the past 52 weeks, MKTW has reached a high of $2.02, while it has fallen to a 52-week low of $0.44. The 50-Day Moving Average of the stock is 43.36%, while the 200-Day Moving Average is calculated to be 8.69%.
Shares Statistics:
A total of 39.56M shares are outstanding, with a floating share count of 28.54M. Insiders hold about 36.59% of the company’s shares, while institutions hold 23.72% stake in the company.
