MarketAxess Holdings Inc [MKTX] stock prices are down -1.02% to $232.51 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 MKTX shares have lost -1.00% over the last week, with a monthly amount drifted -13.03%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
MarketAxess Holdings Inc [NASDAQ: MKTX] stock has seen the most recent analyst activity on April 10, 2024, when BofA Securities initiated its Underperform rating and assigned the stock a price target of $199. On January 08, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $291 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $285 on October 06, 2023. Barclays initiated its recommendation with a Overweight and recommended $310 as its price target on June 28, 2023. Atlantic Equities upgraded its rating to Overweight for this stock on March 02, 2023, and upped its price target to $403. In a note dated October 12, 2022, Citigroup initiated an Buy rating and provided a target price of $285 on this stock.
The stock price of MarketAxess Holdings Inc [MKTX] has been fluctuating between $192.42 and $297.97 over the past year. Currently, Wall Street analysts expect the stock to reach $319.5 within the next 12 months. MarketAxess Holdings Inc [NASDAQ: MKTX] shares were valued at $232.51 at the most recent close of the market. An investor can expect a potential return of 37.41% based on the average MKTX price forecast.
Analyzing the MKTX fundamentals
The MarketAxess Holdings Inc [NASDAQ:MKTX] reported sales of 811.40M for trailing twelve months, representing a surge of 20.19%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.42%, Pretax Profit Margin comes in at 0.44%, and Net Profit Margin reading is 0.34%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.21 and Total Capital is 0.22.
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 229.15 points at the first support level, and at 225.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 235.59, and for the 2nd resistance point, it is at 238.67.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.80, the price to book ratio is 6.33 and price to earnings (TTM) ratio is 31.48.
Transactions by insiders
Recent insider trading involved Pintoff Scott, General Counsel and Secretary, that happened on Dec 09 ’24 when 300.0 shares were sold. Officer, Pintoff Scott completed a deal on Dec 09 ’24 to buy 300.0 shares. Meanwhile, Executive Chairman McVey Richard M sold 20000.0 shares on Nov 12 ’24.
