Stocks of Markforged Holding Corporation (NYSE:MKFG) traded higher last session on Wall Street, down -4.70% to $0.43.
MKFG stock price is now -20.92% away from the 50-day moving average and -45.24% away from the 200-day moving average. The market capitalization of the company currently stands at $86.59M.
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With the price target reduced from $2.50 to $1, Craig Hallum Downgraded its rating from Buy to Hold for Markforged Holding Corporation (NYSE: MKFG)., while ‘Credit Suisse’ rates the stock as ‘Neutral’
A total of 41.96% of the company’s stock is owned by insiders.
During the past 12 months, Markforged Holding Corporation has had a low of $0.40 and a high of $2.30. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.64, and a quick ratio of 2.24. The fifty day moving average price for MKFG is $0.53776 and a two-hundred day moving average price translates $0.780875 for the stock.
The latest earnings results from Markforged Holding Corporation (NYSE: MKFG) was released for 2024-03-31. The net profit margin was -133.52% and return on equity was -65.85% for MKFG. The company reported revenue of $20.55 million for the quarter, compared to $24.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.71 percent.
