The stock of Marqeta Inc (MQ) has gone up by 4.81% for the week, with a -22.87% drop in the past month and a -23.02% drop in the past quarter. The volatility ratio for the week is 3.80%, and the volatility levels for the past 30 days are 5.66% for MQ. The simple moving average for the past 20 days is -6.43% for MQ’s stock, with a -23.93% simple moving average for the past 200 days.
Is It Worth Investing in Marqeta Inc (NASDAQ: MQ) Right Now?
Marqeta Inc (NASDAQ: MQ) has a higher price-to-earnings ratio of 172.48x compared to its average ratio, The 36-month beta value for MQ is at 1.61. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for MQ is 390.46M, and currently, shorts hold a 3.92% of that float. The average trading volume for MQ on November 25, 2024 was 6.28M shares.
MQ) stock’s latest price update
Marqeta Inc (NASDAQ: MQ)’s stock price has gone rise by 0.93 in comparison to its previous close of 4.05, however, the company has experienced a 4.81% increase in its stock price over the last five trading days. accesswire.com reported 2024-11-24 that NEW YORK, NY / ACCESSWIRE / November 24, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Marqeta, Inc. (“Marqeta, Inc.”) (NASDAQ:MQ) concerning possible violations of federal securities laws. Marqeta slashed its revenue growth forecast for the fourth quarter on November 4, 2024.
Analysts’ Opinion of MQ
Wells Fargo, on the other hand, stated in their research note that they expect to see MQ reach a price target of $5, previously predicting the price at $7. The rating they have provided for MQ stocks is “Equal Weight” according to the report published on November 05th, 2024.
MQ Trading at -14.54% 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 -44.46% of loss for the given period.
Volatility was left at 5.66%, however, over the last 30 days, the volatility rate increased by 3.80%, as shares sank -29.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.43% lower at present.
During the last 5 trading sessions, MQ rose by +5.00%, which changed the moving average for the period of 200-days by -29.03% in comparison to the 20-day moving average, which settled at $4.37. In addition, Marqeta Inc saw -41.44% 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:
- -0.37 for the present operating margin
- 0.24 for the gross margin
The net margin for Marqeta Inc stands at 0.03. The total capital return value is set at -0.16. Equity return is now at value 1.17, with 0.92 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 6.28. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -15.43.
Currently, EBITDA for the company is -272.27 million with net debt to EBITDA at 71.62. When we switch over and look at the enterprise to sales, we see a ratio of 2.41. The receivables turnover for the company is 5.68for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.66.
Conclusion
In conclusion, Marqeta Inc (MQ) has had a bad performance lately. Opinion on the stock among analysts is bullish, 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.
