Markforged Holding Corporation (NYSE:MKFG) has seen 1.18 million shares traded in the last trading session. The company, currently valued at $456.88M, closed the last trade at $2.11 per share which meant it lost -$0.06 on the day or -2.76% during that session. The MKFG stock price is -273.93% off its 52-week high price of $7.89 and 18.48% above the 52-week low of $1.72. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.0 million shares traded. The 3-month trading volume is 1.26 million shares.
The consensus among analysts is that Markforged Holding Corporation (MKFG) is an Overweight stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.09.
Markforged Holding Corporation (NYSE:MKFG) trade information
Sporting -2.76% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 09/20/22 when the MKFG stock price touched $2.11 or saw a rise of 21.27%. Year-to-date, Markforged Holding Corporation shares have moved -60.71%, while the 5-day performance has seen it change -16.27%. Over the past 30 days, the shares of Markforged Holding Corporation (NYSE:MKFG) have changed -18.85%. Short interest in the company has seen 4.32 million shares shorted with days to cover at 2.01.
Wall Street analysts have a consensus price target for the stock at $3.69, which means that the shares’ value could jump 42.82% from current levels. The projected low price target is $2.60 while the price target rests at a high of $4.00. In that case, then, we find that the current price level is -89.57% off the targeted high while a plunge would see the stock gain -23.22% from current levels.
Markforged Holding Corporation (MKFG) estimates and forecasts
Figures show that Markforged Holding Corporation shares have underperformed across the wider relevant industry. The company’s shares have lost -49.64% over the past 6 months, with this year growth rate of -1,133.33%, compared to 11.00% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2022 fiscal year revenue. Growth estimates for the current quarter are 65.40% and 22.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 29.40%.
5 analysts offering their estimates for the company have set an average revenue estimate of $22.46 million for the current quarter. 5 have an estimated revenue figure of $32.83 million for the next quarter concluding in Sep 2022.
Markforged Holding Corporation is expected to release its next earnings report on November 10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Markforged Holding Corporation (NYSE:MKFG)’s Major holders
Insiders own 15.18% of the company shares, while shares held by institutions stand at 82.08% with a share float percentage of 96.77%. Investors are also buoyed by the number of investors in a company, with Markforged Holding Corporation having a total of 107 institutions that hold shares in the company. The top two institutional holders are Matrix IX Management Co. LLC with over 29.92 million shares worth more than $119.38 million. As of Mar 30, 2022, Matrix IX Management Co. LLC held 15.92% of shares outstanding.
The other major institutional holder is Tvl Management Corp, with the holding of over 15.14 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $60.4 million and represent 8.06% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Wasatch Small Cap Growth Fund. As of Jun 29, 2022, the former fund manager holds about 5.23% shares in the company for having 9.82 million shares of worth $18.17 million while later fund manager owns 4.19 million shares of worth $16.71 million as of Mar 30, 2022, which makes it owner of about 2.23% of company’s outstanding stock.