Marketwise Inc [NASDAQ: MKTW] gained 3.55% or 0.02 points to close at $0.52 with a heavy trading volume of 295155 shares.
The daily chart for MKTW points out that the company has recorded -53.10% loss over the past six months.
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If we look at the average trading volume of 593.95K shares, MKTW reached to a volume of 295155 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Marketwise Inc [MKTW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MKTW shares is $0.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MKTW stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Marketwise Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 01, 2023. The new note on the price target was released on March 25, 2022, representing the official price target for Marketwise Inc stock. Previously, the target price had yet another drop from $11 to $6, while Wedbush kept a Neutral rating on MKTW stock.
The Average True Range (ATR) for Marketwise Inc is set at 0.04, with the Price to Sales ratio for MKTW stock in the period of the last 12 months amounting to 0.41.
Trading performance analysis for MKTW stock
Marketwise Inc [MKTW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.34. With this latest performance, MKTW shares dropped by -0.08% in over the last four-week period, additionally sinking by -53.10% over the last 6 months – not to mention a drop of -82.33% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MKTW stock in for the last two-week period is set at 50.03, with the RSI for the last a single of trading hit 49.71, and the three-weeks RSI is set at 46.31 for Marketwise Inc [MKTW]. The present Moving Average for the last 50 days of trading for this stock 0.5522, while it was recorded at 0.5069 for the last single week of trading, and 1.0433 for the last 200 days.
Marketwise Inc [MKTW]: A deeper dive into fundamental analysis
Marketwise Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.38 and a Current Ratio set at 0.38.
An analysis of Institutional ownership at Marketwise Inc [MKTW]
There are presently around $31.13%, or 47.72%% of MKTW stock, in the hands of institutional investors. The top three institutional holders of MKTW stocks are: GREENHAVEN ROAD INVESTMENT MANAGEMENT, L.P. with ownership of 4.29 million shares, which is approximately 11.6901%. BLACKROCK INC., holding 2.18 million shares of the stock with an approximate value of $$2.53 million in MKTW stocks shares; and BLACKROCK INC., currently with $$1.41 million in MKTW stock with ownership which is approximately 3.2985%.
