Markforged Holding Co. (NYSE:MKFG – Get Free Report)’s stock price traded up 2.4% during mid-day trading on Thursday . The company traded as high as $0.46 and last traded at $0.45. 215,601 shares were traded during trading, a decline of 39% from the average session volume of 355,599 shares. The stock had previously closed at $0.44.
Wall Street Analysts Forecast Growth
Separately, Cantor Fitzgerald dropped their target price on shares of Markforged from $1.45 to $1.30 and set an “overweight” rating for the company in a report on Thursday, May 9th.
Markforged Trading Up 2.4 %
The company has a market capitalization of $90.62 million, a PE ratio of -0.74 and a beta of 1.48. The company’s fifty day moving average is $0.58 and its 200-day moving average is $0.67. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.64 and a quick ratio of 2.24.
Markforged (NYSE:MKFG – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $20.55 million during the quarter, compared to the consensus estimate of $20.26 million. Markforged had a negative net margin of 133.52% and a negative return on equity of 29.55%. On average, analysts anticipate that Markforged Holding Co. will post -0.2 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Empirical Asset Management LLC increased its stake in shares of Markforged by 190.5% during the fourth quarter. Empirical Asset Management LLC now owns 30,500 shares of the company’s stock worth $25,000 after purchasing an additional 20,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in Markforged in the 3rd quarter valued at about $27,000. Citigroup Inc. acquired a new position in Markforged in the 3rd quarter valued at about $59,000. GSA Capital Partners LLP boosted its holdings in Markforged by 37.4% in the 1st quarter. GSA Capital Partners LLP now owns 525,683 shares of the company’s stock valued at $439,000 after purchasing an additional 142,965 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Markforged by 40.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 839,962 shares of the company’s stock valued at $702,000 after purchasing an additional 241,706 shares during the last quarter. Hedge funds and other institutional investors own 87.30% of the company’s stock.
About Markforged
Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.