In a report released today, Greg Palm from Craig-Hallum maintained a Buy rating on Markforged Holding (MKFG – Research Report). The company’s shares closed yesterday at $1.01.
According to TipRanks, Palm is ranked #1521 out of 8336 analysts.
Currently, the analyst consensus on Markforged Holding is a Strong Buy with an average price target of $2.03.
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Based on Markforged Holding’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $24.09 million and a GAAP net loss of $19.02 million. In comparison, last year the company earned a revenue of $21.86 million and had a net profit of $4.24 million
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MKFG in relation to earlier this year.
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