Marin Software Incorporated (NASDAQ:MRIN) shares, dropped in value on Wednesday, Jan 13, with the stock price down by -7.41% to the previous day’s close as weak demand from buyers trailed the stock to $2.25.
Actively observing the price movement in the last trading, the stock closed the session at $2.43, falling within a range of $2.1100 and $2.4094. The value of beta (5-year monthly) was -0.07 whereas the PE ratio was 0 over 12-month period. Referring to stock’s 52-week performance, its high was $5.7, and the low was $0.77. On the whole, MRIN has fluctuated by 13.64% over the past month.
We see that MRIN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), no one recommend it as a Buy and no body called the MRIN stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and none think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MRIN currently trading nearly 10.5% and 8.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.48, while the 7-day volatility ratio is showing 1108% which for the 30-day chart, stands at 8.54%. Furthermore, Marin Software Incorporated (MRIN)’s beta value is -0.07, and its average true range (ATR) is 0.18. The company’s stock has been forecasted to trade at an average price of $14 over the course of the next 52 weeks, with a low of $14 and a high of $14. Based on these price targets, the low is 522.22 off current price, whereas the price has to move +522.22% to reach the yearly target high. Additionally, analysts’ median price of $14 is likely to be welcomed by investors because it represents an increase of +522.22% from the current levels.
A comparison of Marin Software Incorporated (MRIN) with its peers suggests the former has fared considerably weaker in the market. MRIN showed an intraday change of -7.41% in last session, and over the past year, it grew by +33.13%. In comparison, Omnicom Group Inc (OMC) has moved lower at -1.55% on the day and was down -20.96% over the past 12 months. On the other hand, the price of Wpp Plc ADR (WPP) has fallen -2.21% on the day. The stock, however, is off -19.33% from where it was a year ago. Additionally, there is a decline of -741% for Interpublic Group of Companies (IPG) in last trading while the stock has seen an overall apprecation of 33.13% over the past year. The PE ratio stands at 0 for Marin Software Incorporated, compared to 14.24 for Omnicom Group Inc, and 0 for Wpp Plc ADR. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.23%. Meanwhile, the Dow Jones Industrial weakened by -0.03%.
Data on historical trading for Marin Software Incorporated (NASDAQ:MRIN) indicates that the trading volumes over the past 10 days have averaged 1.1 Million and over the past 3 months, they’ve averaged 5.89 Million. According to company’s latest data on outstanding shares, there are 9.02 Million shares outstanding.
Nearly 4.83% of Marin Software Incorporated’s shares belong to company insiders and institutional investors own 21.44% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 154.61 Million shares as on December 30, 2020, resulting in a short ratio of 0.17. According to the data, the short interest in Marin Software Incorporated (MRIN) stood at 1.71% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 118.35 Million. The stock has risen by +11.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MRIN stock heading into the next quarter.
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