The stock of Markforged Holding Corporation (NYSE:MKFG) increased by $0.08 on Wednesday to $2.29, up 3.62 percent. The last five days have seen an average of 1,972,109 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$3.11. The average number of shares traded over the last 20 days was 1,869,207, while the average volume over the last 50 days totaled 1,376,907.
MKFG stock dropped -21.91% since last month. On 06/14/22, the company’s shares reached a one-month low of $1.93. The stock touched a high of $11.00 on 01/05/22, after rallying from a low of $1.93 in 52 weeks. The price of MKFG stock has declined by -58.85% or -$3.11 this year, reaching a new high 3 times. Still, the stock price is down -79.18% from the 52-week high.
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Insider Transactions
There have been 148 days since Markforged Holding Corporation (MKFG) last reported insider trading activity on Jan 25. On Jan 25, 10% Owner Mark Gregory sold 53,424 shares at $4.62 each. This transaction resulted in the insider making $247,033. On Jan 24, Mark Gregory sold 122,967 shares at a price of US$4.31. After the transaction, the insider now owns 18,868,518 shares. 10% Owner Mark Gregory had earlier sold 156,474 shares on Jan 21 for $4.87 a share. The transaction was completed for $761,715.
Valuation Metrics
Markforged Holding Corporation (MKFG) has a trailing price-to-earnings (P/E) ratio of 8.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.47, the price-to-book (PB) ratio of 1.63.
Financial Health
For the three months ended March 30, Markforged Holding Corporation’s quick ratio was 12.40, while its current ratio was 12.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 71.50% percent. Based on annual data, it had gross profit of $52.85 million and revenue of $91.22 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -25.00% return on investment (ROI) in the past year.
Earnings Surprise
According to Markforged Holding Corporation’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $21.86 million, while revenues rose by 100.0% to $67.18 million. It was predicted that Markforged Holding Corporation’s quarterly earnings would be -$0.08, but it ended up being -$0.08. EBITDA was -$19.99 million for the quarter. At the end of Markforged Holding Corporation’s most recent quarter ended March 30, its liabilities totaled 75.25 million, while its total debt was $13.58 million. Equity owned by shareholders amounts to $187.93 million.
Technical Picture
Here’s a quick look at Markforged Holding Corporation’s (MKFG) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 46.73%, suggesting the stock is Neutral, with a 72.55% historical volatility rate.
The stochastic %K and %D were 41.64% and 33.56% respectively, while the average true range (ATR) was 0.18. Based on the 14-day stochastic reading of 56.90%, the RSI (14) reading is 41.64%. On the 9-day MACD Oscillator, the stock is at 0.07, and the 14-day reading is at 0.01.
Analyst Ratings
In its analyst report released on December 21, 2021, Goldman began covering Markforged Holding Corporation (NYSE: MKFG). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Markforged Holding Corporation (MKFG) an Buy rating. MKFG is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 6 others recommend it as a buy.
What is MKFG’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $6.00, with a median target price of $4.50. In analyzing these forecasts, the average price target given by analysts for Markforged Holding Corporation (MKFG) is $4.42.
