In the last trading session, 3,549,288 shares of the Monaker Group, Inc.(NASDAQ:MKGI) were traded, and its beta was 2.7. Most recently the company’s share price was $3.95, and it changed around $0.44 or 0.13% from the last close, which brings the market valuation of the company to $73.89 Million. MKGI currently trades at a discount to its 52-week high of $4.68, offering almost -18.48% off that amount. The share price’s 52-week low was $0.61, which indicates that the current value has risen by an impressive 84.56% since then. We note from Monaker Group, Inc.’s average daily trading volume that its 10-day average is 1.82 Million shares, with the 3-month average coming to 512.19 Million.
Monaker Group, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 2. If we narrow it down even further, the data shows that none out of 1 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended MKGI as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight. Monaker Group, Inc. is expected to report earnings per share of $0 for the current quarter.
Monaker Group, Inc. (NASDAQ:MKGI): Trading Information
Instantly MKGI has showed a green trend with a performance of 12.54% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $4.68- on Friday, Feb 19 increased the stock’s daily price by 15.6%. The company’s shares are currently up 0.74% year-to-date, but still up 0.4684 over the last five days. On the other hand, Monaker Group, Inc. (NASDAQ:MKGI) is 0.68% up in the 30-day period. We can see from the shorts that 125.71 Million shares have been sold at a short interest cover period of 0.25 day(s).
The consensus price target as assigned by Wall Street analysts is $4.75, which translates to bears needing to increase their stock price by 20.25% from its current value. Analyst projections state that MKGI is forecast to be at a low of $4.75 and a high of $4.75. In order for the stock price to hit the forecast high, the stock would need to surge +20.25% from its current level, while the stock would need to crash 20.25% from its current level to reach the projected low.
Monaker Group, Inc. (MKGI) projections and forecasts
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $320Million in revenue for the current quarter. 1 analysts expect Monaker Group, Inc. to make $400Million in revenue for the quarter ending May 01, 2021. The company’s sales for the same quarter a year ago was $83Million. Analysts predict that the company’s current quarter sales will jump, forecast at 285.5%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 37.5%. Monaker Group, Inc. earnings are expected to decrease by -261.2% in 2021, but the outlook is negative 0% per year for the next five years.
Monaker Group, Inc. (NASDAQ:MKGI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 36.82% of Monaker Group, Inc. shares, and 5.01% of them are in the hands of institutional investors. The stock currently has a share float of 7.93%. Monaker Group, Inc. stock is held by 13 institutions, with Truvvo Partners LLC being the largest institutional investor. By Sep 29, 2020, it held 2.63% of the shares, which is about 252.04 Thousand shares worth $557Thousand.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
Vanguard Group, Inc. (The), with 2.32% or 222.43 Thousand shares worth $491.56 Thousand as of Sep 29, 2020, holds the second largest percentage of outstanding shares.