Markforged Holding Corporation (NYSE:MKFG) price is hovering higher on Tuesday, August 24, jumping 3.65% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $8.36, with intraday deals fluctuating between $7.82 and $8.49. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.10 and 52-week low of $7.60. The stock subtracted -20.53% on its value in the past month.
Markforged Holding Corporation, which has a market valuation of $1.65 billion. Analysts tracking MKFG have forecast the quarterly EPS to shrink by -0.06 per share this quarter, while the same analysts predict the annual EPS to hit -$0.26 for the year 2021 and up to -$0.25 for 2022.
On average, analysts have forecast the company’s revenue for the quarter will hit $20.42 million, with the likely lows of $20.7 million and highs of $21.05 million. Staying with the analyst view, there is a consensus estimate of $86.7 million for the company’s annual revenue in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MKFG a short term outlook of 75% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned MKFG a recommendation rating as follows: 1 rate it as a Hold; 3 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Markforged Holding Corporation (MKFG) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that MKFG’s price is at present -11.10% off the SMA20 and -10.68% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 40.28, with weekly volatility standing at 7.31%. The indicator jumps to 5.75% when calculated based on the past 30 days. Markforged Holding Corporation (NYSE:MKFG)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.62. Considering analysts have assigned the stock a price target range of $12.00-$14.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $13.17. Based on this estimate, we see that today’s price at last check is roughly -38.57% off the estimated low and -61.66% off the forecast high. Investors will no doubt be excited to see the share price fall to $13.50, which is the median consensus price, and at that level MKFG would be -55.89% from recent price.
An analysis of the Markforged Holding Corporation (NYSE:MKFG) stock in terms of its daily trading volume indicates that the 3-month average is 483.08K.
Current records show that the company has 26.88M in outstanding shares. The insiders’ percentage holdings are 10.60% of outstanding shares while the percentage share held by institutions stands at 7.70%. But the -22.38% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.