Streetbeat News

MKFG

Markforged Holding Corporation

https://www.markforged.com

Industry

Computer Hardware

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. The company offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. It serves customers in aerospace, military and defense, industrial automation, space exploration, healthcare, and automotive industries. Markforged Holding Corporation was founded in 2013 and is headquartered in Watertown, Massachusetts.

Open

4.13

Mkt cap

87M

Volume

148K

High

4.35

P/E Ratio

-0.96

52-wk high

8.80

Low

4.13

Div yield

N/A

52-wk low

1.57

Markforged Holding Corporation (NYSE: MKFG) announced its financial results for the third quarter of 2024, highlighting its role in enhancing manufacturing resiliency.

Portfolio Pulse from

November 07, 2024 | 9:45 pm

Lake Street analyst Jacob Stephan has downgraded Markforged Holding (NYSE:MKFG) from a Buy to a Hold rating.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:06 pm

Cantor Fitzgerald has downgraded Markforged Holding from Overweight to Neutral and reduced its price target from $8.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:12 pm

Nano Dimension is acquiring Markforged in a $115 million all-cash deal, offering a significant premium on Markforged's stock price. The acquisition is expected to close in Q1 2025, enhancing Nano Dimension's market position.

Portfolio Pulse from Lekha Gupta

September 25, 2024 | 6:26 pm

Markforged shares rise as Nano Dimension announces acquisition of all outstanding shares for $475 million at $5.00 per share.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 3:57 pm

Nano Dimension is set to acquire Markforged in an all-cash transaction for $5.00 per share. The merger aims to create a stronger company with a combined 2023 revenue of $340M and cash reserves of $475M, enhancing their 3D printing portfolio.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 2:32 pm

Markforged shares have been halted pending news, indicating a significant announcement or event that could impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 1:36 pm

Markforged Holding shares rose following a Settlement and Patent License Agreement related to a patent infringement case with Continuous Composites.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 5:30 pm

Markforged has settled its intellectual property litigation with Continuous Composites by agreeing to pay $18 million upfront, with additional payments through 2027, resolving all claims.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 12:36 pm

Markforged has announced a 1-for-10 reverse stock split, which will consolidate every 10 shares into one share. This move is often used to increase the stock price and meet exchange listing requirements.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 8:16 pm

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