The stock has a 36-month beta value of 1.78. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for MQ is 393.09M, and at present, short sellers hold a 5.12% of that float. On August 27, 2024, the average trading volume of MQ was 4.64M shares.
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MQ) stock’s latest price update
Marqeta Inc (NASDAQ: MQ) has experienced a decline in its stock price by -1.09 compared to its previous closing price of 5.36. However, the company has seen a fall of -2.73% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-16 that In this article, we share 12 ideas published last week focused on stocks with less coverage on Seeking Alpha. Ideas this week include two new publicly traded notes, a satellite company, a card-issuer and processor, a PC insurance company, and more. One article highlighted is analyst Jussi Askola’s current “favorite dividend pick”.
MQ’s Market Performance
Marqeta Inc (MQ) has experienced a -2.73% fall in stock performance for the past week, with a -0.35% drop in the past month, and a -4.31% drop in the past quarter. The volatility ratio for the week is 2.94%, and the volatility levels for the past 30 days are at 4.37% for MQ. The simple moving average for the last 20 days is 1.13% for MQ’s stock, with a simple moving average of -9.13% for the last 200 days.
Analysts’ Opinion of MQ
Many brokerage firms have already submitted their reports for MQ stocks, with Wells Fargo repeating the rating for MQ by listing it as a “Overweight.” The predicted price for MQ in the upcoming period, according to Wells Fargo is $7 based on the research report published on June 25, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see MQ reach a price target of $5.50. The rating they have provided for MQ stocks is “Neutral” according to the report published on June 24th, 2024.
Monness Crespi & Hardt gave a rating of “Buy” to MQ, setting the target price at $8 in the report published on May 08th of the current year.
MQ Trading at -0.16% 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 -27.97% of loss for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 2.94%, as shares sank -3.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.82% upper at present.
During the last 5 trading sessions, MQ fell by -2.66%, which changed the moving average for the period of 200-days by -16.46% in comparison to the 20-day moving average, which settled at $5.23. In addition, Marqeta Inc saw -24.05% 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 MQ starting from Cummings Martha, who sale 40,241 shares at the price of $5.47 back on Jun 25 ’24. After this action, Cummings Martha now owns 19,000 shares of Marqeta Inc, valued at $219,921 using the latest closing price.
Kern Randall F. sale 53,367 shares at $6.23 during a trade that took place back on Dec 04 ’23, which means that Kern Randall F. is holding 0 shares at $332,671 based on the most recent closing price.
Stock Fundamentals for MQ
Current profitability levels for the company are sitting at:
- -0.44 for the present operating margin
- 0.21 for the gross margin
The net margin for Marqeta Inc stands at -0.03. The total capital return value is set at -0.18. Equity return is now at value -0.98, with -0.77 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 5.38. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -17.8.
Currently, EBITDA for the company is -185.6 million with net debt to EBITDA at 4.62. When we switch over and look at the enterprise to sales, we see a ratio of 3.81. The receivables turnover for the company is 5.27for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.77.
Conclusion
To sum up, Marqeta Inc (MQ) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
