Is Markforged Holding Corporation (NYSE: MKFG) Still On The Rise?

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. Yahoo Finance discussed the stock recently as it posted Markforged Receives Continued Listing Standards Notice from the NYSE.

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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 $0.85 and fluctuated between $0.8490 as its day high and $0.7200 as its day low. The current market capitalization of Markforged Holding Corporation is $167.66M. A total of 1.34 million shares were traded on the day, compared to an average of 749.12K 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 2 SELL insider trades, representing the acquisition of 0 and the disposition of 15,545 shares. Over the last 12 months, there were 10 BUYs and 19 SELLs from insiders. Insiders purchased 3,883,903 shares during that period but sold 356,780.

In the most recent transaction, Zipori Assaf bought 50,000 shares of MKFG for 1.03 per share on May 24. After the transaction, the Acting Chief Financial Officer now owns 368,996 company shares. In a previous transaction on May 22, Terem Shai bought 100,000 shares at 0.97 per share. MKFG shares that Chief Executive Officer owns now total 2,234,842.

Among the insiders who sold shares, Schwartz Mark Joseph disposed of 30,000 shares on Mar 14 at a per-share price of $0.97. This resulted in the Chief Financial Officer holding 1,023,446 shares of MKFG after the transaction.

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. In terms of 52-week highs and lows, MKFG has a high of $2.30 and a low of $0.62.

As of this writing, MKFG has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.07. The company reported an EPS of -$0.06 in the last quarter, which was 14.30% higher than expectations of -$0.07.

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. MKFG’s latest balance sheet shows that the firm has $288.60M in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $25.41M in liabilities at the time. Its Book Value Per Share was $0.86, while its Total Shareholder’s Equity was $244.17M.

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, 0 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 Buy with a score of 3.67.

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