The 36-month beta value for MQ is also noteworthy at 1.77.
The public float for MQ is 375.19M, and at present, short sellers hold a 5.22% of that float. The average trading volume of MQ on November 20, 2023 was 5.05M shares.
MQ) stock’s latest price update
Marqeta Inc (NASDAQ: MQ)’s stock price has plunge by 0.34relation to previous closing price of 5.90. Nevertheless, the company has seen a 0.85% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-11-11 that Marqeta extended its partnership with Block through June 2028. Its Q3 update and Investor Day cleared a lot of fundamental uncertainty. However, the transition to growth and profitability is going to take longer than expected.
MQ’s Market Performance
MQ’s stock has risen by 0.85% in the past week, with a monthly rise of 10.86% and a quarterly rise of 3.50%. The volatility ratio for the week is 3.59% while the volatility levels for the last 30 days are 5.66% for Marqeta Inc The simple moving average for the last 20 days is 6.91% for MQ stock, with a simple moving average of 14.32% for the last 200 days.
Analysts’ Opinion of MQ
Many brokerage firms have already submitted their reports for MQ stocks, with Susquehanna repeating the rating for MQ by listing it as a “Positive.” The predicted price for MQ in the upcoming period, according to Susquehanna is $9 based on the research report published on November 08, 2023 of the current year 2023.
MQ Trading at 2.48% from the 50-Day Moving Average
After a stumble in the market that brought MQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.17% of loss for the given period.
Volatility was left at 5.66%, however, over the last 30 days, the volatility rate increased by 3.59%, as shares surge +11.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.55% lower at present.
During the last 5 trading sessions, MQ rose by +1.11%, which changed the moving average for the period of 200-days by -12.07% in comparison to the 20-day moving average, which settled at $5.57. In addition, Marqeta Inc saw -3.11% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at MQ starting from SULLIVAN GODFREY, who purchase 200,000 shares at the price of $5.88 back on Aug 15. After this action, SULLIVAN GODFREY now owns 200,000 shares of Marqeta Inc, valued at $1,176,000 using the latest closing price.
Linville Judson C, the Director of Marqeta Inc, purchase 34,000 shares at $5.86 during a trade that took place back on Aug 15, which means that Linville Judson C is holding 78,650 shares at $199,393 based on the most recent closing price.
Stock Fundamentals for MQ
Current profitability levels for the company are sitting at:
- -27.85 for the present operating margin
- -13.22 for the gross margin
The net margin for Marqeta Inc stands at -24.70. The total capital return value is set at -13.56, while invested capital returns managed to touch -12.05. Equity return is now at value -14.88, with -12.37 for asset returns.
Based on Marqeta Inc (MQ), the company’s capital structure generated 0.84 points at debt to equity in total, while total debt to capital is 0.84. Total debt to assets is 0.70, with long-term debt to equity ratio resting at 0.61. Finally, the long-term debt to capital ratio is 0.61.
When we switch over and look at the enterprise to sales, we see a ratio of 1.98, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 10.95 and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.17.
In summary, Marqeta Inc (MQ) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.