The price of Markforged Holding Corporation (NYSE:MKFG) shares last traded on Wall Street fell -16.34% to $1.28.
Based on available information, 7 analysts follow Markforged Holding Corporation (NYSE:MKFG). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $3.50 and a low of $1.70, we find $2.13. Given the previous closing price of $1.53, this indicates a potential upside of 39.22 percent. MKFG stock price is now -3.16% away from the 50-day moving average and -31.24% away from the 200-day moving average. The market capitalization of the company currently stands at $235.51M.
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Among analysts, 2 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $2.33 as their price target over the next twelve months.
With the price target of $2.70, Credit Suisse recently initiated with Neutral rating for Markforged Holding Corporation (NYSE: MKFG). On December 21, 2021, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $6.50, while ‘Craig Hallum’ rates the stock as ‘Buy’.
In other news, Schwartz Mark Joseph, Chief Financial Officer sold 28,641 shares of the company’s stock on Nov 15. The stock was sold for $48,976 at an average price of $1.71. Upon completion of the transaction, the Chief Financial Officer now directly owns 1,081,024 shares in the company, valued at $1.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Chief Financial Officer Schwartz Mark Joseph sold 51,359 shares of the business’s stock. A total of $87,424 was realized by selling the stock at an average price of $1.70. This leaves the insider owning 1,109,665 shares of the company worth $1.42 million. Insiders disposed of 364,172 shares of company stock worth roughly $0.47 million over the past 1 year. A total of 2.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MKFG stock. A new stake in Markforged Holding Corporation shares was purchased by PORTOLAN CAPITAL MANAGEMENT, LLC during the first quarter worth $2,518,000. DIVISAR CAPITAL MANAGEMENT LLC invested $1,280,000 in shares of MKFG during the first quarter. In the first quarter, LMR PARTNERS LLP acquired a new stake in Markforged Holding Corporation valued at approximately $353,000. PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C. acquired a new stake in MKFG for approximately $320,000. QUARRY LP purchased a new stake in MKFG valued at around $186,000 in the second quarter. In total, there are 136 active investors with 83.90% ownership of the company’s stock.
A candlestick chart of Markforged Holding Corporation (NYSE: MKFG) showed a price of $1.3800 on Tuesday morning. During the past 12 months, Markforged Holding Corporation has had a low of $0.78 and a high of $4.39. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 6.90, and a quick ratio of 6.20. The fifty day moving average price for MKFG is $1.3218 and a two-hundred day moving average price translates $1.8615 for the stock.
The latest earnings results from Markforged Holding Corporation (NYSE: MKFG) was released for Sep, 2022. According to the Computer Hardware Company, earnings per share came in at -$0.08, inline with analysts’ expectations of -$0.08. This compares to $0.13 EPS in the same period last year. The net profit margin was -11.60% and return on equity was -4.50% for MKFG. The company reported revenue of $25.21 million for the quarter, compared to $24.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.84 percent. For the current quarter, analysts expect MKFG to generate $29.35M in revenue.
Markforged Holding Corporation(MKFG) Company Profile
Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries. Markforged Holding Corporation was founded in 2013 and is headquartered in Watertown, Massachusetts.
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