A better buy-in window may exist right now for Markforged Holding Corporation (MKFG)

Markforged Holding Corporation (NYSE: MKFG) stock jumped 1.40% on Monday to $1.45 against a previous-day closing price of $1.43. With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.84 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $1.4800 whereas the lowest price it dropped to was $1.3800. The 52-week range on MKFG shows that it touched its highest point at $4.99 and its lowest point at $0.78 during that stretch. It currently has a 1-year price target of $2.64.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MKFG was up-trending over the past week, with a rise of 5.07%, but this was up by 67.51% over a month. Three-month performance dropped to -19.89% while six-month performance fell -28.57%. The stock lost -70.16% in the past year, while it has gained 25.00% so far this year. A look at the trailing 12-month EPS for MKFG yields -0.06 with Next year EPS estimates of -0.27. For the next quarter, that number is -0.07. This implies an EPS growth rate of 136.60% for this year and 15.60% for next year.

Float and Shares Shorts:

At present, 189.77 million MKFG shares are outstanding with a float of 163.25 million shares on hand for trading. On Dec 29, 2022, short shares totaled 3.74 million, which was 1.93% higher than short shares on Nov 29, 2022. In addition to Mr. Shai Terem as the firm’s Pres, CEO & Director, Mr. Mark J. Schwartz serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 83.95% of MKFG’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 27.77% of MKFG, in contrast to 22.52% held by mutual funds. Shares owned by individuals account for 17.85%. As the largest shareholder in MKFG with 8.57% of the stake, ARK Investment Management LLC holds 16,639,680 shares worth 16,639,680. A second-largest stockholder of MKFG, Senvest Management LLC, holds 15,191,772 shares, controlling over 7.83% of the firm’s shares. Nikko Asset Management Americas, is the third largest shareholder in MKFG, holding 9,398,063 shares or 4.84% stake. With a 5.30% stake in MKFG, the ARK Autonomous Technology & Robot is the largest stakeholder. A total of 10,278,807 shares are owned by the mutual fund manager. The Wasatch Small Cap Growth Fund, which owns about 2.16% of MKFG stock, is the second-largest Mutual Fund holder. It holds 4,189,173 shares valued at 4.86 million. Nikko Asset Global Mobility Servi holds 2.09% of the stake in MKFG, owning 4,047,077 shares worth 4.69 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, MKFG reported revenue of $24.23M and operating income of -$23.81M. The EBITDA in the recently reported quarter was -$21.16M and diluted EPS was $0.02.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MKFG since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MKFG analysts setting a high price target of $3.50 and a low target of $1.70, the average target price over the next 12 months is $2.64. Based on these targets, MKFG could surge 141.38% to reach the target high and rise by 17.24% to reach the target low. Reaching the average price target will result in a growth of 82.07% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MKFG will report FY 2022 earnings on 03/13/2024. Analysts have provided yearly estimates in a range of -$0.32 being high and -$0.33 being low. For MKFG, this leads to a yearly average estimate of -$0.32. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Markforged Holding Corporation surprised analysts by -$0.00 when it reported -$0.08 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was $0.00. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.

Summary of Insider Activity:

Insiders traded MKFG stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 127,201 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 19 over the past year. The total number of shares bought during that period was 4,887,365 while 3,079,210 shares were sold.

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