Marchex Inc [MCHX] stock prices are up 14.63% to $1.41 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MCHX shares have gain 8.46% over the last week, with a monthly amount drifted -2.08%, and not seem to be holding up well over a long-time horizon.
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On 14, February 2024, Marchex Spotlight for Automotive Named “Product of the Year” by Business Intelligence Group. In a post published today on Yahoo Finance, Marchex (NASDAQ: MCHX), the award-winning AI-powered conversation intelligence company that helps businesses turn strategic insights into the actions that drive their most valued sales outcomes, today announced that Marchex Spotlight for Automotive has been named “Product of the Year” as part of the Business Intelligence Group’s 2023 BIG Awards for Business.
From an analyst’s perspective:
Marchex Inc [NASDAQ: MCHX] stock has seen the most recent analyst activity on January 28, 2019, when ROTH Capital upgraded its rating to a Buy. Previously, ROTH Capital downgraded its rating to Neutral on August 10, 2016. On February 19, 2016, RBC Capital Mkts reiterated its Outperform rating and revised its price target to $5 on the stock. ROTH Capital started tracking the stock assigning a Buy rating and suggested a price target of $6 on December 22, 2015. RBC Capital Mkts reiterated its recommendation of a Outperform and raised its price target to $6 on November 05, 2015. RBC Capital Mkts reiterated a Outperform rating for this stock on August 06, 2015, and upped its price target to $5.50. In a note dated September 19, 2014, RBC Capital Mkts reiterated an Outperform rating on this stock and revised its target price from $12 to $6.
The stock price of Marchex Inc [MCHX] has been fluctuating between $1.14 and $2.20 over the past year. Marchex Inc [NASDAQ: MCHX] shares were valued at $1.41 at the most recent close of the market.
Analyzing the MCHX fundamentals
The Marchex Inc [NASDAQ:MCHX] reported sales of 49.81M for trailing twelve months, representing a drop of -3.17%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.31 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.2600 points at the first support level, and at 1.1100 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5000, and for the 2nd resistance point, it is at 1.5900.
Marchex Inc [MCHX] reported earnings per share of -$0.01 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.03/share, meaning a difference of $0.02 and a surprise factor of 66.70%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.03 per share as compared to estimates of -$0.06 per share, a difference of $0.03 representing a surprise of 50.00%.
Ratios To Look Out For
It’s worth pointing out that Marchex Inc [NASDAQ:MCHX]’s Current Ratio is 2.44. Also, the Quick Ratio is 2.44, while the Cash Ratio stands at 1.4. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 1.61.
Transactions by insiders
Recent insider trading involved Edenbrook Capital, LLC, 10% Owner, that happened on Nov 10 when 15200.0 shares were purchased. 10% Owner, Edenbrook Capital, LLC completed a deal on Nov 09 to buy 11775.0 shares.
