In the latest trading session, 0.62 million Marketwise Inc (NASDAQ:MKTW) shares changed hands as the company’s beta touched 0.41. With the company’s most recent per share price at $0.54 changing hands around $0.03 or 6.32% at last look, the market valuation stands at $175.13M. MKTW’s current price is a discount, trading about -401.85% off its 52-week high of $2.71. The share price had its 52-week low at $0.46, which suggests the last value was 14.81% up since then. When we look at Marketwise Inc’s average trading volume, we note the 10-day average is 0.5 million shares, with the 3-month average coming to 632.81K.
Analysts gave the Marketwise Inc (MKTW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MKTW as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Marketwise Inc’s EPS for the current quarter is expected to be 0.
Marketwise Inc (NASDAQ:MKTW) trade information
Instantly MKTW is in green as seen in intraday trades today. With action 1.39%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -4.85%, with the 5-day performance at 1.39% in the green. However, in the 30-day time frame, Marketwise Inc (NASDAQ:MKTW) is 6.34% up. Looking at the short shares, we see there were 1.07 million shares sold at short interest cover period of 2.86 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.5, meaning bulls need an upside of 84.57% from its recent market value. According to analyst projections, MKTW’s forecast low is 2 with 5 as the target high. To hit the forecast high, the stock’s price needs a -825.93% plunge from its current level, while the stock would need to soar -270.37% for it to hit the projected low.
Marketwise Inc (MKTW) estimates and forecasts
Year-over-year growth is forecast to reach -13.30% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 77.36M. The company’s revenue for the corresponding quarters a year ago was 112.16M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -31.02%.
The 2025 estimates are for Marketwise Inc earnings to increase by 631.37%.
MKTW Dividends
Marketwise Inc is expected to release its next quarterly earnings report in February. The 7.41% annual yield figure for the share gives it an annual dividend of 0.04. It is important to note, however, that the 7.41% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Marketwise Inc (NASDAQ:MKTW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 33.92% of Marketwise Inc shares while 31.13% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.11%. There are 31.13% institutions holding the Marketwise Inc stock share, with GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 11.6901% of the shares, roughly 4.29 million MKTW shares worth $4.98 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.949% or 2.18 million shares worth $2.53 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 816.13 shares estimated at $0.47 million under it, the former controlled 1.84% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.66% of the shares, roughly 739.68 shares worth around $0.42 million.
