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

Cantor Fitzgerald analyst Troy Jensen maintains an Overweight rating on Markforged Holding (NYSE:MKFG) but lowers the price target from $1.3 to $0.85.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:19 pm

Markforged has lowered its FY24 revenue guidance from $95M-$105M to $90M-$95M, which is below the estimated $98.65M.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:25 pm

Markforged Holding (NYSE:MKFG) reported Q2 adjusted EPS of $(0.05), beating the $(0.06) estimate, but sales of $21.69M missed the $21.69M estimate. EPS improved by 16.67% year-over-year, while sales decreased by 14.78%.

Portfolio Pulse from saritha@benzinga.com

August 08, 2024 | 8:35 pm

Cathie Wood-led Ark Invest made significant trades on June 25, 2024, involving NVIDIA Corp (NVDA) and Roku Inc (ROKU). ARKQ sold $4.3M worth of NVIDIA shares, while ARKK and ARKW bought $5.3M worth of Roku shares. Other trades included sales of Ginkgo Bioworks (DNA) and Zoom (ZM), and purchases of Arcturus Therapeutics (ARCT), 10X Genomics (TXG), PagerDuty (PD), Blade Air Mobility (BLDE), and Markforged (MKFG).

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 2:27 am

The article highlights the performance of 12 industrial stocks during Wednesday's after-market session. Notable gainers include Nano Nuclear Energy (NNE), GrafTech International (EAF), and Captivision (CAPT). Significant losers include Solidion Technology (STI), Tigo Energy (TYGO), and TTEC Holdings (TTEC).