In last trading session, Markforged Holding Corporation (NYSE:MKFG) saw 0.32 million shares changing hands with its beta currently measuring 1.52. Company’s recent per share price level of $3.03 trading at -$0.17 or -5.31% at ring of the bell on the day assigns it a market valuation of $62.48M. That closing price of MKFG’s stock is at a discount of -190.43% from its 52-week high price of $8.80 and is indicating a premium of 48.18% from its 52-week low price of $1.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.13 million shares which gives us an average trading volume of 279.55K if we extend that period to 3-months.
For Markforged Holding Corporation (MKFG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.38 in the current quarter.
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Markforged Holding Corporation (NYSE:MKFG) trade information
Upright in the red during last session for losing -5.31%, in the last five days MKFG remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $3.03 price level, adding 28.54% to its value on the day. Markforged Holding Corporation’s shares saw a change of -63.05% in year-to-date performance and have moved -27.16% in past 5-day. Markforged Holding Corporation (NYSE:MKFG) showed a performance of -28.37% in past 30-days. Number of shares sold short was 0.2 million shares which calculate 1.87 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a rise of 24.25% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would jump 0.99% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.99% for stock’s current value.
Markforged Holding Corporation (MKFG) estimates and forecasts
Statistics highlight that Markforged Holding Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -30.02% of value to its shares in past 6 months, showing an annual growth rate of 23.08% while that of industry is 3.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -9.37% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 22.3M for the same. And 3 analysts are in estimates of company making revenue of 21.7M in the next quarter. Company posted 24.2M and 20.55M of sales in current and next quarters respectively a year earlier.
Markforged Holding Corporation (NYSE:MKFG)’s Major holders
Insiders are in possession of 2.58% of company’s total shares while institution are holding 71.28 percent of that, with stock having share float percentage of 73.16%. Investors also watch the number of corporate investors in a company very closely, which is 71.28% institutions for Markforged Holding Corporation that are currently holding shares of the company. ARK INVESTMENT MANAGEMENT LLC is the top institutional holder at MKFG for having 18.83 million shares of worth $7.72 million. And as of 2024-06-30, it was holding 9.4497 of the company’s outstanding shares.
The second largest institutional holder is SENVEST MANAGEMENT, LLC, which was holding about 15.93 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.9939 of outstanding shares, having a total worth of $6.53 million.
