Marketwise Inc (NASDAQ: MKTW) has a price-to-earnings ratio of 26.22x that is above its average ratio. Additionally, the 36-month beta value for MKTW is 0.58. 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 MKTW is 31.69M and currently, short sellers hold a 0.66% ratio of that float. The average trading volume of MKTW on May 10, 2024 was 111.92K shares.
MKTW) stock’s latest price update
The stock of Marketwise Inc (NASDAQ: MKTW) has decreased by -5.66 when compared to last closing price of 1.59.Despite this, the company has seen a loss of -6.83% in its stock price over the last five trading days. Market Watch reported 2024-02-13 that Shares of MarketWise Inc. were set for a selloff Tuesday, after the financial-research and analytics company said it decided to wind down its Legacy Research business after misconduct by certain managers was discovered.
MKTW’s Market Performance
Marketwise Inc (MKTW) has experienced a -6.83% fall in stock performance for the past week, with a -3.85% drop in the past month, and a -33.92% drop in the past quarter. The volatility ratio for the week is 6.06%, and the volatility levels for the past 30 days are at 5.74% for MKTW. The simple moving average for the past 20 days is -7.03% for MKTW’s stock, with a -24.94% simple moving average for the past 200 days.
Analysts’ Opinion of MKTW
Many brokerage firms have already submitted their reports for MKTW stocks, with UBS repeating the rating for MKTW by listing it as a “Neutral.” The predicted price for MKTW in the upcoming period, according to UBS is $3.50 based on the research report published on December 01, 2023 of the previous year 2023.
Wedbush gave a rating of “Neutral” to MKTW, setting the target price at $6 in the report published on March 11th of the previous year.
MKTW Trading at -12.42% from the 50-Day Moving Average
After a stumble in the market that brought MKTW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.56% of loss for the given period.
Volatility was left at 5.74%, however, over the last 30 days, the volatility rate increased by 6.06%, as shares sank -9.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.13% lower at present.
During the last 5 trading sessions, MKTW fell by -6.83%, which changed the moving average for the period of 200-days by -27.88% in comparison to the 20-day moving average, which settled at $1.6060. In addition, Marketwise Inc saw -45.05% 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 MKTW starting from Mickels Erik, who purchase 11,363 shares at the price of $1.73 back on Mar 21 ’24. After this action, Mickels Erik now owns 817,998 shares of Marketwise Inc, valued at $19,667 using the latest closing price.
Tongue Glenn H, the Director of Marketwise Inc, purchase 5,000 shares at $1.65 during a trade that took place back on Mar 20 ’24, which means that Tongue Glenn H is holding 148,540 shares at $8,250 based on the most recent closing price.
Stock Fundamentals for MKTW
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.87 for the gross margin
The net margin for Marketwise Inc stands at 0.07. The total capital return value is set at 2.5.
Based on Marketwise Inc (MKTW), the company’s capital structure generated -1.1 points at debt to capital in total, while cash flow to debt ratio is standing at 10.74. The debt to equity ratio resting at -0.52. The interest coverage ratio of the stock is 18.54.
Currently, EBITDA for the company is 59.49 million with net debt to EBITDA at -2.42. When we switch over and look at the enterprise to sales, we see a ratio of -0.2. The receivables turnover for the company is 46.16for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In conclusion, Marketwise Inc (MKTW) 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.
