Wells Fargo has recently raised Marqeta Inc (MQ) stock to Overweight rating, as announced on June 25, 2024, according to Finviz. Earlier, on June 24, 2024, Goldman had resumed the stock to Neutral, setting a price target of $5.50. Monness Crespi & Hardt also reiterated Buy rating with a price target of $8. Additionally, Monness Crespi & Hardt initiated Buy rating on April 2, 2024, with a target price of $7.50. BofA Securities analysts, in their report published on February 12, 2024, also raised Buy rating for Marqeta Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Sponsored
Marqeta Inc (MQ) Stock Trading Recap
On Tuesday, Marqeta Inc (MQ) stock saw a decline, ending the day at $4.82 which represents a decrease of $-0.10 or -2.03% from the prior close of $4.92. The stock opened at $4.89 and touched a low of $4.8 during the day, reaching a high of $4.9. The volume of shares traded was 3.19 million falling short of the average volume of 3.66 million.
MQ Stock Performance and Moving Averages
In recent trading, Marqeta Inc (MQ) stock price has shown some volatility, fluctuating -5.68% over the last five trades and -9.57% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -20.20%, and it has plunged by -14.08% in the previous three months. Currently, MQ is trading at -4.23%, -6.76%, and -15.47% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, MQ, a Technology sector stock, is trading -34.51% below its 52-week high but remains 9.55% above its 52-week low. The Average True Range (ATR) (14 days) of 0.16 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Marqeta Inc’s Profitability and Valuation Ratios
Marqeta Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -44.11% and a profit margin of -2.62%, with a gross margin of -20.20%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Marqeta Inc’s market capitalization stands at $2.45 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 5.2, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.15, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 22.48% of Marqeta Inc (MQ)’s shares, while financial institutions hold 62.54%.
Notable insider trades include Cummings Martha, Director at Marqeta Inc (MQ), who sold 40241 shares on Jun 25 ’24, at $5.47 each, totaling $0.22 million. On Dec 04 ’23, Kern Randall F., See Remarks, sold 53367 shares for $6.23 each, amounting to $0.33 million.
