Marchex Inc (MCHX) Shares Soar Above 1-Year High

Marchex Inc (NASDAQ: MCHX)’s stock price has gone rise by 7.25 in comparison to its previous close of 1.38, however, the company has experienced a 9.63% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-03-14 that Marchex, Inc. (MCHX) Q4 2023 Earnings Call Transcript

Is It Worth Investing in Marchex Inc (NASDAQ: MCHX) Right Now?

Company’s 36-month beta value is 1.97.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”

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The public float for MCHX is 35.15M, and currently, short sellers hold a 0.29% ratio of that floaft. The average trading volume of MCHX on April 03, 2024 was 68.69K shares.

MCHX’s Market Performance

The stock of Marchex Inc (MCHX) has seen a 9.63% increase in the past week, with a 9.63% rise in the past month, and a 8.82% gain in the past quarter. The volatility ratio for the week is 5.84%, and the volatility levels for the past 30 days are at 6.69% for MCHX. The simple moving average for the past 20 days is 8.25% for MCHX’s stock, with a -3.90% simple moving average for the past 200 days.

Analysts’ Opinion of MCHX

RBC Capital Mkts gave a rating of “Outperform” to MCHX, setting the target price at $5 in the report published on February 19th of the previous year.

MCHX Trading at 9.59% from the 50-Day Moving Average

After a stumble in the market that brought MCHX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.73% of loss for the given period.

Volatility was left at 6.69%, however, over the last 30 days, the volatility rate increased by 5.84%, as shares surge +7.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.98% upper at present.

During the last 5 trading sessions, MCHX rose by +9.63%, which changed the moving average for the period of 200-days by -25.63% in comparison to the 20-day moving average, which settled at $1.3722. In addition, Marchex Inc saw 8.82% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MCHX starting from Edenbrook Capital, LLC, who purchase 15,200 shares at the price of $1.41 back on Nov 10 ’23. After this action, Edenbrook Capital, LLC now owns 13,239,567 shares of Marchex Inc, valued at $21,374 using the latest closing price.

Edenbrook Capital, LLC, the 10% Owner of Marchex Inc, purchase 11,775 shares at $1.39 during a trade that took place back on Nov 09 ’23, which means that Edenbrook Capital, LLC is holding 13,224,367 shares at $16,340 based on the most recent closing price.

Stock Fundamentals for MCHX

Current profitability levels for the company are sitting at:

  • -0.19 for the present operating margin
  • 0.58 for the gross margin

The net margin for Marchex Inc stands at -0.2. The total capital return value is set at -0.26. Equity return is now at value -24.78, with -19.01 for asset returns.

Based on Marchex Inc (MCHX), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -9.51. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 31.47.

Currently, EBITDA for the company is -4.53 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. The receivables turnover for the company is 6.75for trailing twelve months and the total asset turnover is 1.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.45.

Conclusion

In a nutshell, Marchex Inc (MCHX) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.

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