Markforged Holding Co. (NYSE:MKFG – Get Rating) CEO Shai Terem purchased 100,000 shares of Markforged stock in a transaction dated Monday, May 22nd. The stock was acquired at an average cost of $0.97 per share, with a total value of $97,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,234,842 shares in the company, valued at $2,167,796.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Markforged Trading Down 9.3 %
Shares of MKFG opened at $0.90 on Friday. The firm’s 50-day moving average is $0.89 and its two-hundred day moving average is $1.14. Markforged Holding Co. has a twelve month low of $0.71 and a twelve month high of $3.24. The firm has a market capitalization of $177.14 million, a P/E ratio of -3.61 and a beta of 0.88.
Markforged (NYSE:MKFG – Get Rating) last released its quarterly earnings results on Monday, March 6th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $29.66 million for the quarter, compared to analysts’ expectations of $30.00 million. Markforged had a negative return on equity of 23.08% and a negative net margin of 47.14%. Analysts predict that Markforged Holding Co. will post -0.26 EPS for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Separately, Credit Suisse Group reissued a “neutral” rating and issued a $1.70 target price on shares of Markforged in a 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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