Marketwise Inc (NASDAQ: MKTW) is -8.41% lower on its value in year-to-date trading and has touched a low of $0.46 and a high of $2.71 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 $0.53 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.52, the stock is -1.81% and -3.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.41 million and changing -2.40% at the moment leaves the stock -47.20% off its SMA200. MKTW registered -80.01% loss for a year compared to 6-month loss of -54.80%. The firm has a 50-day simple moving average (SMA 50) of $0.54168 and a 200-day simple moving average (SMA200) of $0.990695.
The stock witnessed a -3.56% gain in the last 1 month and extending the period to 3 months gives it a -6.83%, and is -8.41% 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 9.69% over the week and 10.01% over the month.
Marketwise Inc (MKTW) has around 584 employees, a market worth around $168.58M and $423.38M in sales. Current P/E ratio is 4.03 and Fwd P/E is 3.53. Profit margin for the company is 1.20%. Distance from 52-week low is 12.75% and -80.82% from its 52-week high.
The EPS is expected to grow by 631.37% this year
84.0 institutions hold shares in Marketwise Inc (MKTW), with institutional investors hold 47.11% of the company’s shares. The shares outstanding are 39.38M, and float is at 27.80M with Short Float at 3.90%. Institutions hold 31.13% 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).
