Marketwise Inc (NASDAQ:MKTW)’s traded shares stood at 2.94 million during the last session, with the company’s beta value hitting 0.41. At the close of trading, the stock’s price was $0.64, to imply an increase of 25.60% or $0.13 in intraday trading. The MKTW share’s 52-week high remains $2.71, putting it -323.44% down since that peak but still an impressive 28.12% since price per share fell to its 52-week low of $0.46. The company has a valuation of $206.88M, with an average of 0.5 million shares in intraday trading volume over the past 10 days and average of 632.81K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Marketwise Inc (MKTW), translating to a mean rating of 3.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give MKTW a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
Marketwise Inc (NASDAQ:MKTW) trade information
After registering a 25.60% upside in the last session, Marketwise Inc (MKTW) has traded red over the past five days. The 5-day price performance for the stock is 19.77%, and 25.62% over 30 days. With these gigs, the year-to-date price performance is 12.41%. Short interest in Marketwise Inc (NASDAQ:MKTW) saw shorts transact 1.07 million shares and set a 2.86 days time to cover.
The extremes give us $2 and $5 for target low and target high price respectively. As such, MKTW has been trading -681.25% off suggested target high and -212.5% from its likely low.
Marketwise Inc (MKTW) estimates and forecasts
The rating firms project that company’s revenue will shrink -13.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 77.36M.
MKTW Dividends
Marketwise Inc has its next earnings report out in February. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Marketwise Inc has a forward dividend ratio of 0.04, with the share yield ticking at 6.27% to continue the rising pattern observed over the past year.
Marketwise Inc (NASDAQ:MKTW)’s Major holders
Marketwise Inc insiders hold 33.92% of total outstanding shares, with institutional holders owning 31.13% of the shares at 47.11% float percentage. In total, 31.13% institutions holds shares in the company, led by GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P.. As of 2024-06-30, the company held over 4.29 million shares (or 11.6901% of shares), all amounting to roughly $4.98 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 2.18 million shares, or about 5.949% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.53 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Marketwise Inc (MKTW) shares. Going by data provided on Sep 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 816.13 shares. This is just over 1.84% of the total shares, with a market valuation of $0.52 million. Data from the same date shows that the other fund manager holds a little less at 739.68, or 1.66% of the shares, all valued at about 0.47 million.
