Markforged Holding Co. (NYSE:MKFG - Get Free Report) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 158,000 shares, a decrease of 20.6% from the November 30th total of 198,900 shares. Approximately 1.3% of the company's stock are short sold. Based on an average daily trading volume, of 265,400 shares, the short-interest ratio is currently 0.6 days.
Analysts Set New Price Targets
MKFG has been the topic of several analyst reports. Cantor Fitzgerald reiterated a "neutral" rating and set a $5.00 price target (down previously from $8.50) on shares of Markforged in a report on Thursday, September 26th. Lake Street Capital reiterated a "hold" rating on shares of Markforged in a research note on Thursday, September 26th.
Check Out Our Latest Analysis on MKFG
Markforged Price Performance
Shares of NYSE MKFG traded down $0.16 during trading hours on Friday, hitting $3.08. 25,742 shares of the company's stock were exchanged, compared to its average volume of 105,158. The stock has a market capitalization of $63.51 million, a price-to-earnings ratio of -0.71 and a beta of 1.47. The company's 50-day moving average price is $4.09 and its 200-day moving average price is $3.78. Markforged has a 1-year low of $1.57 and a 1-year high of $8.80.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Markforged stock. Divisar Capital Management LLC increased its position in shares of Markforged Holding Co. (NYSE:MKFG - Free Report) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,864,892 shares of the company's stock after buying an additional 561,304 shares during the quarter. Divisar Capital Management LLC owned 3.91% of Markforged worth $3,225,000 at the end of the most recent quarter. 87.30% of the stock is currently owned by institutional investors and hedge funds.
Markforged Company Profile
(
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Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.
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