Currently, there are 198.58M common shares owned by the public and among those 111.87M shares have been available to trade.
The company’s stock has a 5-day price change of -6.03% and -40.28% over the past three months. MKFG shares are trading -69.39% year to date (YTD), with the 12-month market performance down to -81.54% lower. It has a 12-month low price of $0.23 and touched a high of $1.47 over the same period. MKFG has an average intraday trading volume of 385.45K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.61%, -30.78%, and -57.53% respectively.
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Institutional ownership of Markforged Holding Corporation (NYSE: MKFG) shares accounts for 39.77% of the company’s 198.58M shares outstanding.
It has a market capitalization of $51.02M and a beta (3y monthly) value of 1.49. The earnings-per-share (ttm) stands at -$0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.63% over the week and 10.44% over the month.
Analysts forecast that Markforged Holding Corporation (MKFG) will achieve an EPS of -0.05 for the current quarter, -0.03 for the next quarter and -0.09 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.06 while analysts give the company a high EPS estimate of -0.06. Comparatively, EPS for the current quarter was -0.07 a year ago. Earnings per share for the fiscal year are expected to increase by 25.27%, and 51.90% over the next financial year.
Looking at the support for the MKFG, a number of firms have released research notes about the stock. Craig Hallum stated their Hold rating for the stock in a research note on October 25, 2023, with the firm’s price target at $2.50-$1. Credit Suisse was of a view on August 17, 2022 that the stock is Neutral, while Goldman gave the stock Buy rating on December 21, 2021, issuing a price target of $6.50. Craig Hallum on their part issued Buy rating on December 14, 2021.
