Marketwise Inc (NASDAQ: MKTW) is -82.16% lower on its value in year-to-date trading and has touched a low of $0.53 and a high of $3.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MKTW stock was last observed hovering at around $0.59 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $0.49, the stock is -18.72% and -24.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing -18.14% at the moment leaves the stock -61.66% off its SMA200. MKTW registered -79.28% loss for a year compared to 6-month loss of -68.38%. The firm has a 50-day simple moving average (SMA 50) of $0.65344 and a 200-day simple moving average (SMA200) of $1.280455.
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The stock witnessed a -22.70% gain in the last 1 month and extending the period to 3 months gives it a -35.07%, and is -18.81% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.28% over the week and 10.14% over the month.
Marketwise Inc (MKTW) has around 584 employees, a market worth around $192.64M and $423.38M in sales. Current P/E ratio is 3.78 and Fwd P/E is 2.41. Profit margin for the company is 1.20%. Distance from 52-week low is -7.43% and -86.55% from its 52-week high.
with sales reaching $86.72M over the same period.The EPS is expected to grow by 397.05% this year, but quarterly earnings will post -14.60% year-over-year. Quarterly sales are estimated to shrink -22.70% in year-over-year returns.
Marketwise Inc (MKTW) Top Institutional Holders
86.0 institutions hold shares in Marketwise Inc (MKTW), with institutional investors hold 48.23% of the company’s shares. The shares outstanding are 36.38M, and float is at 27.21M with Short Float at 1.17%. Institutions hold 31.11% of the Float.
The top institutional shareholder in the company is GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. with over 4.29 million shares valued at $4.98 million. The investor’s holdings represent 11.6901% of the MKTW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.18 million shares valued at $2.53 million to account for 5.949 of the shares outstanding. The other top investors are ROYCE & ASSOCIATES LP which holds 1.21 million shares representing 3.2985% and valued at over $1.41 million, while VANGUARD GROUP INC holds 2.7106 of the shares totaling 1.0 million with a market value of $1.15 million.
Marketwise Inc (MKTW) Insider Activity
The most recent transaction is an insider purchase by Tongue Glenn H, the company’s Director. SEC filings show that Tongue Glenn H bought 10,764 shares of the company’s common stock on Sep 17 ’24 at a price of $0.70 per share for a total of $7519.0. Following the purchase, the insider now owns 24038.0 shares.
Marketwise Inc disclosed in a document filed with the SEC on Sep 18 ’24 that Tongue Glenn H (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Sep 18 ’24 and was made at $0.70 per share for $3500.0. Following the transaction, the insider now directly holds 0.26 million shares of the MKTW stock.
Still, SEC filings show that on May 17 ’24, Greenhaven Road Investment Man (10% Owner) disposed off 103,304 shares at an average price of $1.58 for $0.16 million. The insider now directly holds 1,893,408 shares of Marketwise Inc (MKTW).
