Marchex Inc (NASDAQ: MCHX) Could See A Rise In Prices Shortly.

In today’s recent session, 0.9 million shares of the Marchex Inc (NASDAQ:MCHX) have been traded, and its beta is 1.91. Most recently the company’s share price was $2.12, and it changed around -$0.08 or -3.64% from the last close, which brings the market valuation of the company to $92.61M. MCHX at last check was trading at a discount to its 52-week high of $2.24, offering almost -5.66% off that amount. The share price’s 52-week low was $1.11, which indicates that the recent value has risen by an impressive 47.64% since then. We note from Marchex Inc’s average daily trading volume that its 10-day average is 61430.0 shares, with the 3-month average coming to 34.20K.

Marchex Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended MCHX as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

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Marchex Inc (NASDAQ:MCHX) trade information

Instantly MCHX has been showing red trend so far today with a performance of -3.64% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.38 on recent trading dayincreased the stock’s daily price by 10.92%. The company’s shares are currently up 55.88% year-to-date, but still up 12.17% over the last five days. On the other hand, Marchex Inc (NASDAQ:MCHX) is 19.77% up in the 30-day period. We can see from the shorts that 26062.0 shares have been sold at a short interest cover period of 0.63 day(s).

Marchex Inc (MCHX) estimates and forecasts

Marchex Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 34.18 percent over the past six months and at a 50.00% annual growth rate that is well above the industry average of 8.00%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -29.80%. Marchex Inc earnings are expected to increase by 54.17% in 2024, but the outlook is positive 15.00% per year for the next five years.

MCHX Dividends

Marchex Inc’s next quarterly earnings report is expected to be released in January. The average dividend yield for the past five years averaged 1.58 per year.

Marchex Inc (NASDAQ:MCHX)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.54% of Marchex Inc shares, and 61.72% of them are in the hands of institutional investors. The stock currently has a share float of 67.48%. Marchex Inc stock is held by 35.0 institutions, with EDENBROOK CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 33.8224% of the shares, which is about 14.56 million shares worth $22.43 million.

RENAISSANCE TECHNOLOGIES LLC, with 4.1747% or 1.8 million shares worth $2.77 million as of 2024-06-30, holds the second largest percentage of outstanding shares.