Markforged Holding Co. (NYSE:MKFG – Get Rating) CFO Assaf Zipori bought 50,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was purchased at an average cost of $1.03 per share, for a total transaction of $51,500.00. Following the acquisition, the chief financial officer now directly owns 368,996 shares of the company’s stock, valued at approximately $380,065.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Markforged Trading Down 1.8 %
NYSE:MKFG traded down $0.02 on Friday, hitting $0.89. 267,027 shares of the stock were exchanged, compared to its average volume of 678,813. The stock has a market cap of $173.98 million, a PE ratio of -3.55 and a beta of 0.88. The stock has a fifty day moving average of $0.89 and a 200-day moving average of $1.14. Markforged Holding Co. has a fifty-two week low of $0.71 and a fifty-two week high of $3.24.
Markforged (NYSE:MKFG – Get Rating) last announced its quarterly earnings results on Monday, March 6th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $29.66 million during the quarter, compared to analyst estimates of $30.00 million. Markforged had a negative return on equity of 23.08% and a negative net margin of 47.14%. As a group, analysts predict that Markforged Holding Co. will post -0.26 earnings per share for the current year.
Institutional Investors Weigh In On Markforged
Wall Street Analyst Weigh In
Separately, Credit Suisse Group restated a “neutral” rating and issued a $1.70 price objective on shares of Markforged in a research report on Tuesday, March 7th.
Markforged Company Profile
Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries.
- Get a free copy of the StockNews.com research report on Markforged (MKFG)
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