Marqeta Inc (NASDAQ: MQ) has experienced a decline in its stock price by -0.87 compared to its previous closing price of 5.17. However, the company has seen a fall of -8.32% in its stock price over the last five trading days. fool.com reported 2024-06-13 that SoFi Technologies continues to pick up new customers at a rapid pace. Affirm Holdings could emerge as the Buy Now, Pay Later industry winner.
Is It Worth Investing in Marqeta Inc (NASDAQ: MQ) Right Now?
The 36-month beta value for MQ is at 1.76. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for MQ is 383.87M, and currently, shorts hold a 4.54% of that float. The average trading volume for MQ on June 18, 2024 was 4.49M shares.
MQ’s Market Performance
MQ stock saw a decrease of -8.32% in the past week, with a monthly decline of -8.97% and a quarterly a decrease of -15.57%. The volatility ratio for the week is 6.10%, and the volatility levels for the last 30 days are 3.96% for Marqeta Inc (MQ). The simple moving average for the past 20 days is -4.06% for MQ’s stock, with a -13.88% simple moving average for the past 200 days.
Analysts’ Opinion of MQ
Many brokerage firms have already submitted their reports for MQ stocks, with Monness Crespi & Hardt repeating the rating for MQ by listing it as a “Buy.” The predicted price for MQ in the upcoming period, according to Monness Crespi & Hardt is $8 based on the research report published on May 08, 2024 of the current year 2024.
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see MQ reach a price target of $7.50. The rating they have provided for MQ stocks is “Buy” according to the report published on April 02nd, 2024.
BofA Securities gave a rating of “Buy” to MQ, setting the target price at $7 in the report published on February 12th of the current year.
MQ Trading at -6.81% 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 -30.37% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 6.10%, as shares sank -6.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.96% lower at present.
During the last 5 trading sessions, MQ fell by -7.96%, which changed the moving average for the period of 200-days by -16.34% in comparison to the 20-day moving average, which settled at $5.32. In addition, Marqeta Inc saw -26.58% 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 MQ starting from Kern Randall F., who sale 53,367 shares at the price of $6.23 back on Dec 04 ’23. After this action, Kern Randall F. now owns 0 shares of Marqeta Inc, valued at $332,671 using the latest closing price.
SULLIVAN GODFREY, the Director of Marqeta Inc, purchase 200,000 shares at $5.88 during a trade that took place back on Aug 15 ’23, which means that SULLIVAN GODFREY is holding 200,000 shares at $1,176,000 based on the most recent closing price.
Stock Fundamentals for MQ
Current profitability levels for the company are sitting at:
- -0.41 for the present operating margin
- 0.37 for the gross margin
The net margin for Marqeta Inc stands at -0.33. The total capital return value is set at -0.19. Equity return is now at value -14.39, with -11.42 for asset returns.
Based on Marqeta Inc (MQ), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 2.01. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -20.08.
Currently, EBITDA for the company is -185.6 million with net debt to EBITDA at 4.31. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 5.05for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.98.
Conclusion
In conclusion, Marqeta Inc (MQ) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
