Marin Software Incorporated (NASDAQ:MRIN) saw a downside of -3.16% to close Tuesday at $0.46 after subtracting -$0.01 on the day. The 5-day average trading volume is 490,540 shares of the company’s common stock. It has gained $0.6300 in the past week and touched a new high 1 time within the past 5 days. An average of 186,925 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 150,986.
MRIN’s 1-month performance is -29.23% or -$0.2300 on its low of $0.4112 reached on 08/22/23. The company’s shares have touched a 52-week low of $0.47 and high of $2.28, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, MRIN has lost -54.00% or -$0.5400 and has reached a new high 14 times. However, the current price is down -79.82% from the 52-week high price.
Insider Transactions
MRIN stock investors last saw insider trading activity on Mar 02.Lien Christopher A. (CEO) most recently sold 8,377 shares at $1.07 per share on Mar 02. This transaction cost the insider $8,993. CEO, Lien Christopher A., sold 15,230 shares at a price of $1.07 on Mar 01.
Valuation Metrics
MRIN stock has a beta of 0.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.47 while the price-to-book (PB) in the most recent quarter is 0.34.
Marin Software Incorporated’s quick ratio for the period ended December 30 was 4.30, with the current ratio over the same period at 4.30.. In terms of profitability, the gross margin trailing 12 months is 33.60%. The trailing 12-month EBITDA margin is -95.54%. The firm’s gross profit as reported stood at $7.22 million against revenue of $20.02 million.
Earnings Surprise
For the quarterly period ending December 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 9.29% to -$5.92 million, while revenue of -$5.78 million was 2.36% off the previous quarter. Analysts expected MRIN to announce -$0.1 per share in earnings in its latest quarter, but it posted -$0.35, representing a -250.00% surprise. EBITDA for the quarter stood at more than -$5.47 million. MRIN stock balance sheet for the quarter ending December 30 shows that total liabilities totaled 7.81 million, with total debt at $2.64 million. Shareholders hold equity totaling $17.79 million.
Let’s look briefly at Marin Software Incorporated (MRIN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 18.43% to suggest the stock is trending oversold, with historical volatility in this time period at 52.06%.
The stock’s 5-day moving average is $0.5271, reflecting a -25.84% or -$0.1603 change from its current price. MRIN is currently trading -32.94% above its 20-day SMA, -46.51% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -34.01% and SMA200 by-58.93%.
Stochastic %K and %D was 5.89% and 3.32% and the average true range (ATR) pointed at 0.0557. The RSI (14) points at 25.58%, while the 14-day stochastic is at 15.07% with the period’s ATR at 0.0521. The stock’s 9-day MACD Oscillator is pointing at -0.0844 and -0.1178 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Marin Software Incorporated (NASDAQ: MRIN), Stifel downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for MRIN stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate MRIN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is MRIN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $14.00, with their median price target at $14.00. Looking at these predictions, the average price target given by analysts is for Marin Software Incorporated (MRIN) stock is $14.00.
