In today’s recent session, 0.72 million shares of the Marketwise Inc (NASDAQ:MKTW) have been traded, and its beta is 0.39. Most recently the company’s share price was $0.62, and it changed around $0.03 or 5.24% from the last close, which brings the market valuation of the company to $200.11M. MKTW at last check was trading at a discount to its 52-week high of $2.82, offering almost -354.84% off that amount. The share price’s 52-week low was $0.46, which indicates that the recent value has risen by an impressive 25.81% since then. We note from Marketwise Inc’s average daily trading volume that its 10-day average is 0.36 million shares, with the 3-month average coming to 619.70K.
Marketwise Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended MKTW as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight.
Marketwise Inc (NASDAQ:MKTW) trade information
Instantly MKTW has been showing a green trend so far today with a performance of 5.24% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.6380 on recent trading dayincreased the stock’s daily price by 2.82%. The company’s shares are currently down -77.40% year-to-date, but still up 23.10% over the last five days. On the other hand, Marketwise Inc (NASDAQ:MKTW) is 18.68% up in the 30-day period. We can see from the shorts that 1.08 million shares have been sold at a short interest cover period of 3.14 day(s).
The consensus price target as assigned by Wall Street analysts is $3.5, which translates to bulls needing to increase their stock price by 82.29% from its current value. Analyst projections state that MKTW is forecast to be at a low of $2 and a high of $5.
MKTW Dividends
Marketwise Inc’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 8.10 percent and its annual dividend per share was 0.05. It is important to note, however, that the 8.10% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Marketwise Inc (NASDAQ:MKTW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 34.76% of Marketwise Inc shares, and 31.13% of them are in the hands of institutional investors. The stock currently has a share float of 47.72%. Marketwise Inc stock is held by 84.0 institutions, with GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. being the largest institutional investor. By 2024-06-30, it held 11.6901% of the shares, which is about 4.29 million shares worth $4.98 million.
BLACKROCK INC., with 5.949% or 2.18 million shares worth $2.53 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 816.13 shares worth $0.49 million, making up 1.84% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 739.68 shares worth around $0.44 million, which represents about 1.66% of the total shares outstanding.
