The stock price of Markforged Holding Corporation (NYSE: MKFG) has dropped by -12.60 compared to previous close of 0.67. Despite this, the company has seen a fall of -11.99% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-07 that Markforged Holding Corporation (NYSE:MKFG ) Q4 2023 Earnings Conference Call March 7, 2024 5:00 PM ET Company Participants Austin Bohlig – Director, Investor Relations Shai Terem – President and CEO Assaf Zipori – CFO Conference Call Participants Troy Jensen – Lake Street Capital Markets Danny Eggerichs – Craig-Hallum Tyler Hutin – William Blair Jacob Stephan – Lake Street Capital Markets Operator Greetings and welcome to the Markforged Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in Markforged Holding Corporation (NYSE: MKFG) Right Now?
Additionally, the 36-month beta value for MKFG is 1.57. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MKFG is 113.68M and currently, short sellers hold a 2.66% ratio of that float. The average trading volume of MKFG on April 30, 2024 was 335.83K shares.
MKFG’s Market Performance
The stock of Markforged Holding Corporation (MKFG) has seen a -11.99% decrease in the past week, with a -29.46% drop in the past month, and a -18.41% fall in the past quarter. The volatility ratio for the week is 6.74%, and the volatility levels for the past 30 days are at 10.30% for MKFG. The simple moving average for the past 20 days is -14.19% for MKFG’s stock, with a -38.90% simple moving average for the past 200 days.
Analysts’ Opinion of MKFG
Many brokerage firms have already submitted their reports for MKFG stocks, with Craig Hallum repeating the rating for MKFG by listing it as a “Hold.” The predicted price for MKFG in the upcoming period, according to Craig Hallum is $1 based on the research report published on October 25, 2023 of the previous year 2023.
Credit Suisse gave a rating of “Neutral” to MKFG, setting the target price at $2.70 in the report published on August 17th of the previous year.
MKFG Trading at -16.00% from the 50-Day Moving Average
After a stumble in the market that brought MKFG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -74.34% of loss for the given period.
Volatility was left at 10.30%, however, over the last 30 days, the volatility rate increased by 6.74%, as shares sank -30.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.28% lower at present.
During the last 5 trading sessions, MKFG fell by -11.99%, which changed the moving average for the period of 200-days by -54.64% in comparison to the 20-day moving average, which settled at $0.6740. In addition, Markforged Holding Corporation saw -28.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MKFG starting from Zipori Assaf, who purchase 50,000 shares at the price of $1.03 back on May 24 ’23. After this action, Zipori Assaf now owns 368,996 shares of Markforged Holding Corporation, valued at $51,420 using the latest closing price.
Terem Shai, the Chief Executive Officer of Markforged Holding Corporation, purchase 100,000 shares at $0.97 during a trade that took place back on May 22 ’23, which means that Terem Shai is holding 2,234,842 shares at $97,350 based on the most recent closing price.
Stock Fundamentals for MKFG
Current profitability levels for the company are sitting at:
- -1.17 for the present operating margin
- 0.47 for the gross margin
The net margin for Markforged Holding Corporation stands at -1.1. The total capital return value is set at -0.53. Equity return is now at value -50.01, with -34.88 for asset returns.
Based on Markforged Holding Corporation (MKFG), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at -1.13. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 52.09.
Currently, EBITDA for the company is -68.24 million with net debt to EBITDA at 1.09. When we switch over and look at the enterprise to sales, we see a ratio of 0.47. The receivables turnover for the company is 3.9for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.23.
Conclusion
In conclusion, Markforged Holding Corporation (MKFG) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
