Markforged Holding Co. (NYSE:MKFG - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 77,500 shares, a decline of 16.1% from the February 28th total of 92,400 shares. Based on an average daily volume of 105,600 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company's stock are sold short.
Markforged Stock Down 1.7 %
Shares of MKFG traded down $0.08 during midday trading on Friday, reaching $4.58. 284,818 shares of the stock were exchanged, compared to its average volume of 133,139. The company has a market cap of $95.02 million, a price-to-earnings ratio of -1.05 and a beta of 0.92. Markforged has a 12-month low of $1.57 and a 12-month high of $7.50. The firm has a 50 day simple moving average of $3.08 and a 200-day simple moving average of $3.64.
Markforged (NYSE:MKFG - Get Free Report) last posted its earnings results on Friday, March 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.33) by ($0.09). Markforged had a negative net margin of 101.18% and a negative return on equity of 34.99%. The business had revenue of $22.30 million during the quarter, compared to analyst estimates of $22.30 million. Research analysts expect that Markforged will post -2 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Markforged
Large investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its position in shares of Markforged by 182.7% in the fourth quarter. Squarepoint Ops LLC now owns 37,618 shares of the company's stock worth $118,000 after buying an additional 24,309 shares during the last quarter. Northern Trust Corp lifted its holdings in Markforged by 19.9% in the 4th quarter. Northern Trust Corp now owns 27,220 shares of the company's stock worth $85,000 after purchasing an additional 4,511 shares during the last quarter. Credit Industriel ET Commercial acquired a new stake in Markforged in the 4th quarter worth approximately $344,000. Cigogne Management SA acquired a new position in Markforged during the fourth quarter valued at approximately $483,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Markforged by 96.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 313,665 shares of the company's stock valued at $985,000 after purchasing an additional 154,000 shares during the period. 87.30% of the stock is currently owned by institutional investors.
About Markforged
(
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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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