In today’s recent session, 1.3 million shares of the Markforged Holding Corporation (NYSE:MKFG) have been traded, and its beta is 1.36. Most recently the company’s share price was $4.20, and it changed around $0.92 or 28.05% from the last close, which brings the market valuation of the company to $86.61M. MKFG at last check was trading at a discount to its 52-week high of $8.80, offering almost -109.52% off that amount. The share price’s 52-week low was $1.57, which indicates that the recent value has risen by an impressive 62.62% since then. We note from Markforged Holding Corporation’s average daily trading volume that its 10-day average is 67890.0 shares, with the 3-month average coming to 70.67K.
Markforged Holding Corporation 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 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended MKFG as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Markforged Holding Corporation is expected to report earnings per share of -0.38 for the current quarter.
Markforged Holding Corporation (NYSE:MKFG) trade information
Instantly MKFG has been showing a green trend so far today with a performance of 28.05% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.35 on recent trading dayincreased the stock’s daily price by 3.45%. The company’s shares are currently up 33.76% year-to-date, but still up 52.17% over the last five days. On the other hand, Markforged Holding Corporation (NYSE:MKFG) is 55.56% up in the 30-day period. We can see from the shorts that 92443.0 shares have been sold at a short interest cover period of 1.02 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 16.0% from its current value. Analyst projections state that MKFG is forecast to be at a low of $5 and a high of $5.
Markforged Holding Corporation (MKFG) estimates and forecasts
The year-over-year growth rate is expected to be -9.37%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 22.3M in revenue for the current quarter. 2 analysts expect Markforged Holding Corporation to make 20.76M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 24.2M and 20.55M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -7.85%. Forecasts for the next quarter put sales growth at 1.02%.
Markforged Holding Corporation (NYSE:MKFG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.38% of Markforged Holding Corporation shares, and 68.22% of them are in the hands of institutional investors. The stock currently has a share float of 69.88%. Markforged Holding Corporation stock is held by 55.0 institutions, with ARK INVESTMENT MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 9.4497% of the shares, which is about 18.83 million shares worth $7.72 million.
SENVEST MANAGEMENT, LLC, with 7.9939% or 15.93 million shares worth $6.53 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and GDL Fund were the top two Mutual Funds as of Dec 31, 2024. The former held 306.34 shares worth $1.28 million, making up 1.49% of all outstanding shares. On the other hand, GDL Fund held roughly 200.0 shares worth around $0.84 million, which represents about 0.97% of the total shares outstanding.