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Wednesday, February 8, 2023

Markforged Holding Corporation (MKFG): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Markforged Holding Corporation (MKFG) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 5.65%, to $1.31. The Markforged Holding Corporation has recorded 4,539 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Markforged Takes the Guesswork out of 3D Printing for Industrial Applications With New Simulation Software.

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Stocks Info

This NYSE-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $1.24 and fluctuated between $1.3100 as its day high and $1.2100 as its day low. The current market capitalization of Markforged Holding Corporation is $259.95M. A total of 1.03 million shares were traded on the day, compared to an average of 814.83K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, MKFG has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 94,596 shares. Over the last 12 months, there were 11 BUYs and 20 SELLs from insiders. Insiders purchased 4,887,365 shares during that period but sold 3,362,274.

In the most recent transaction, Schwartz Mark Joseph sold 28,641 shares of MKFG for 1.71 per share on Nov 15. After the transaction, the Chief Financial Officer now owns 1,081,024 company shares. In a previous transaction on Nov 14, Schwartz Mark Joseph sold 51,359 shares at 1.70 per share. MKFG shares that Chief Financial Officer owns now total 1,109,665.

Among the insiders who sold shares, Mark Gregory disposed of 53,424 shares on Jan 25 at a per-share price of $4.62. This resulted in the 10% Owner holding 18,815,094 shares of MKFG after the transaction. In another insider transaction, Mark Gregory sold 122,967 shares at $4.31 per share on Jan 24. Company shares held by the 10% Owner now total 18,868,518.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for MKFG in the last 3 months, the mean price target is $2.64 with high estimates of $3.50 and low estimates of $1.70. In terms of 52-week highs and lows, MKFG has a high of $5.07 and a low of $0.78.

As of this writing, MKFG has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.08.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MKFG is Overweight with a score of 5.00. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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