MarketAxess Holdings Inc. (NASDAQ:MKTX) has a beta of 0.63, a 12-month trailing P/E ratio of 86.87, and a growth ratio of 5.14. The stock’s Relative Strength Index (RSI) is 61.30, with weekly volatility at 2.92% and ATR at 17.98. The MKTX stock’s 52-week price range has touched low of $275.49 and a $526.98 high. Its shares traded lower over the last trading session, losing -0.23% on 06/22/20. The shares fell to a low of $512.845 before closing at $519.07. Intraday shares traded counted 0.22 million, which was 27.83% higher than its 30-day average trading volume of 311.70K. MKTX’s previous close was $520.28 while the outstanding shares total 37.30M.
Investors have identified the Capital Markets company MarketAxess Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $18.95 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
MarketAxess Holdings Inc. (MKTX) Fundamentals that are to be considered.
MKTX were able to record 109.3 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 91.74 million. In cash movements, the company had a total of 120.37 million as operating cash flow.
Potential earnings growth for MarketAxess Holdings Inc. (MKTX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, MarketAxess Holdings Inc. recorded a total of 168.98 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 26.33% coming in sequential stages and their sales for the third quarter increasing by 23.2%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 77.89 million trying to sell their products during the last quarter, with the result yielding a gross income of 91.09 million. This allows shareholders to hold on to 37.30M with the revenue now reading 2.01 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (1.89 cents a share).
Having a look at the company’s valuation, the company is expected to record 5.40 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MKTX sounds very interesting.
Is the stock of MKTX attractive?
In related news, Chief Financial Officer, DELISE ANTONIO L sold 2,500 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 501.60, for a total value of 1,254,011. As the sale deal closes, the Chief Information Officer, Themelis Nicholas now sold 4,000 shares of the company’s stock, valued at 1,918,636. Also, Chairman & CEO, McVey Richard M sold 25,000 shares of the company’s stock in a deal that was recorded on May 08. The shares were price at an average price of 483.62 per share, with a total market value of 12,090,449. Following this completion of acquisition, the Director, Casper Stephen P now holds 2,000 shares of the company’s stock, valued at 958,874. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.30%.
1 out of 12 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on MarketAxess Holdings Inc.. 0 analysts has assigned a Sell rating on the MKTX stock. The 12-month mean consensus price target for the company’s shares has been set at $472.90.