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 last Monday at $1.16.
Palm covers the Industrials sector, focusing on stocks such as Ranpak Holdings, Skyline Champion, and Cavco Industries. According to TipRanks, Palm has an average return of 9.7% and a 51.85% success rate on recommended stocks.
Markforged Holding has an analyst consensus of Moderate Buy, with a price target consensus of $1.93.
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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 28 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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