MarketAxess Holdings Inc (NASDAQ: MKTX) is -21.67% lower on its value in year-to-date trading and has touched a low of $192.42 and a high of $297.97 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 MKTX stock was last observed hovering at around $229.46 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $229.40, the stock is -5.28% and -13.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -0.03% at the moment leaves the stock -1.92% off its SMA200. MKTX registered -20.40% loss for a year compared to 6-month gain of 16.98%. The firm has a 50-day simple moving average (SMA 50) of $265.3794 and a 200-day simple moving average (SMA200) of $233.8712.
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The stock witnessed a -11.89% loss in the last 1 month and extending the period to 3 months gives it a -9.82%, and is -2.34% 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 2.19% over the week and 2.37% over the month.
MarketAxess Holdings Inc (MKTX) has around 881 employees, a market worth around $8.65B and $811.40M in sales. Current P/E ratio is 31.05 and Fwd P/E is 27.94. Profit margin for the company is 34.34%. Distance from 52-week low is 19.22% and -23.01% from its 52-week high. The company has generated returns on investments over the last 12 months (20.10%).
with sales reaching $209.65M over the same period.The EPS is expected to grow by 7.38% this year, but quarterly earnings will post 9.38% year-over-year. Quarterly sales are estimated to grow 6.29% in year-over-year returns.
MarketAxess Holdings Inc (MKTX) Top Institutional Holders
787.0 institutions hold shares in MarketAxess Holdings Inc (MKTX), with institutional investors hold 101.63% of the company’s shares. The shares outstanding are 37.72M, and float is at 36.88M with Short Float at 2.06%. Institutions hold 99.41% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 4.53 million shares valued at $908.57 million. The investor’s holdings represent 12.0054% of the MKTX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 2.95 million shares valued at $591.45 million to account for 7.8151 of the shares outstanding. The other top investors are GUARDCAP ASSET MANAGEMENT LTD which holds 2.15 million shares representing 5.6883% and valued at over $430.49 million, while T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds 5.4805 of the shares totaling 2.07 million with a market value of $414.77 million.
MarketAxess Holdings Inc (MKTX) Insider Activity
The most recent transaction is an insider sale by Pintoff Scott, the company’s General Counsel and Secretary. SEC filings show that Pintoff Scott sold 300 shares of the company’s common stock on Dec 09 ’24 at a price of $240.57 per share for a total of $72171.0. Following the sale, the insider now owns 8302.0 shares.
Still, SEC filings show that on Nov 12 ’24, McVey Richard M (Executive Chairman) disposed off 20,000 shares at an average price of $271.75 for $5.44 million. The insider now directly holds 592,029 shares of MarketAxess Holdings Inc (MKTX).
