In yesterday’s Wall Street session, Markforged Holding Corporation (NYSE:MKFG) shares traded at $2.00, up 24.22% from the previous session.
As of this writing, 5 analysts cover Markforged Holding Corporation (NYSE:MKFG). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.70, we find $2.08. Given the previous closing price of $1.61, this indicates a potential upside of 29.19 percent. MKFG stock price is now 85.62% away from the 50-day moving average and 62.20% away from the 200-day moving average. The market capitalization of the company currently stands at $454.08M.
There are 1 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $2.21 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).
In other news, Zipori Assaf, Acting Chief Financial Officer bought 50,000 shares of the company’s stock on May 24. The stock was bought for $51,420 at an average price of $1.03. Upon completion of the transaction, the Acting Chief Financial Officer now directly owns 368,996 shares in the company, valued at $0.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22, Chief Executive Officer Terem Shai bought 100,000 shares of the business’s stock. A total of $97,350 was incurred on buying the stock at an average price of $0.97. This leaves the insider owning 2,234,842 shares of the company worth $4.47 million. Insiders disposed of 469,632 shares of company stock worth roughly $0.94 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 BRIDGEWAY CAPITAL MANAGEMENT, LLC during the first quarter worth $700,000. BANK OF MONTREAL /CAN/ invested $168,000 in shares of MKFG during the first quarter. In the first quarter, GSA CAPITAL PARTNERS LLP acquired a new stake in Markforged Holding Corporation valued at approximately $123,000. Y-INTERCEPT (HONG KONG) LTD acquired a new stake in MKFG for approximately $80,000. KEYSTONE WEALTH SERVICES, LLC purchased a new stake in MKFG valued at around $70,000 in the second quarter. In total, there are 134 active investors with 83.90% ownership of the company’s stock.
Tuesday morning saw Markforged Holding Corporation (NYSE: MKFG) opened at $1.8200. During the past 12 months, Markforged Holding Corporation has had a low of $0.71 and a high of $3.24. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.40, and a quick ratio of 4.70. The fifty day moving average price for MKFG is $1.0775 and a two-hundred day moving average price translates $1.2330 for the stock.
The latest earnings results from Markforged Holding Corporation (NYSE: MKFG) was released for Mar, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.08 by 0.02. This compares to $0.02 EPS in the same period last year. The net profit margin was -47.10% and return on equity was -19.20% for MKFG. The company reported revenue of $24.09 million for the quarter, compared to $21.86 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.21 percent. For the current quarter, analysts expect MKFG to generate $25.28M in revenue.
Markforged Holding Corporation(MKFG) Company Profile
Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company 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 Waltham, Massachusetts.
