During the last session, Marketwise Inc (NASDAQ:MKTW)’s traded shares were 1.37 million, with the beta value of the company hitting 0.47. At the end of the trading day, the stock’s price was $0.59, reflecting an intraday gain of 8.04% or $0.04. The 52-week high for the MKTW share is $3.62, that puts it down -513.56 from that peak though still a striking 10.17% gain since the share price plummeted to a 52-week low of $0.53. The company’s market capitalization is $26.04M, and the average intraday trading volume over the past 10 days was 0.37 million shares, and the average trade volume was 190.98K shares over the past three months.
Marketwise Inc (MKTW) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. MKTW has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.03.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Marketwise Inc (NASDAQ:MKTW) trade information
Marketwise Inc (MKTW) registered a 8.04% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 8.04% in intraday trading to $0.59, hitting a weekly high. The stock’s 5-day price performance is -3.01%, and it has moved by -19.09% in 30 days. Based on these gigs, the overall price performance for the year is -57.62%. The short interest in Marketwise Inc (NASDAQ:MKTW) is 0.37 million shares and it means that shorts have 2.18 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.5, which implies an increase of 83.14% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $5 respectively. As a result, MKTW is trading at a discount of -747.46% off the target high and -238.98% off the low.
Marketwise Inc (MKTW) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.00% this quarter and then drop -40.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -14.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 82.1M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 86.72M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 106.15M and 112.16M respectively. In this case, analysts expect current quarter sales to shrink by -22.70% and then drop by -22.70% in the coming quarter.
While earnings are projected to return 397.05% in 2024.
MKTW Dividends
Marketwise Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Marketwise Inc is 0.04, with the dividend yield indicating at 6.75 percent, continuing the trend of increasing dividends in recent years.
Marketwise Inc (NASDAQ:MKTW)’s Major holders
Marketwise Inc insiders own 35.89% of total outstanding shares while institutional holders control 31.69%, with the float percentage being 49.44%. GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. is the largest shareholder of the company, while 81.0 institutions own stock in it. As of 2024-06-30, the company held over 4.29 million shares (or 11.6901% of all shares), a total value of $4.98 million in shares.
The next largest institutional holding, with 2.18 million shares, is of BLACKROCK INC.’s that is approximately 5.949% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.53 million.
