MarketAxess Holdings Inc. (NASDAQ:MKTX) previous close was $433.62 while the outstanding shares total 37.47M. The firm has a beta of 0.39, a 12-month trailing P/E ratio of 54.17, and a growth ratio of 5.72. MKTX’s shares traded lower over the last trading session, losing -0.17% on 06/10/21. The shares fell to a low of $431.59 before closing at $432.89. Intraday shares traded counted 0.44 million, which was -55.13% lower than its 30-day average trading volume of 283.06K. The stock’s Relative Strength Index (RSI) is 34.07, with weekly volatility at 1.90% and ATR at 11.42. The MKTX stock’s 52-week price range has touched low of $431.19 and a $606.45 high.
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 $16.22 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 -35.49 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -55.37 million. In cash movements, the company had a total of -23.16 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 07/28/2021 quarter of the year, MarketAxess Holdings Inc. recorded a total of 195.46 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 13.55% coming in sequential stages and their sales for the 07/28/2021 quarter increasing by 12.34%.
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 91.99 million trying to sell their products during the last quarter, with the result yielding a gross income of 103.47 million. This allows shareholders to hold on to 37.47M with the recently reported earning now reading 2.15 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (2.11 cents a share).
Having a look at the company’s valuation, the company is expected to record 9.22 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 Information Officer, Themelis Nicholas sold 4,000 shares of the company’s stock in a transaction that recorded on Jun 07. The sale was performed at an average price of 445.00, for a total value of 1,780,002. As the sale deal closes, the Head of EMEA and APAC, Roupie Christophe Pierre Danie now sold 967 shares of the company’s stock, valued at 449,732. Also, Chief Financial Officer, DELISE ANTONIO L sold 4,000 shares of the company’s stock in a deal that was recorded on May 26. The shares were price at an average price of 462.35 per share, with a total market value of 1,849,415. Following this completion of acquisition, the Global Head of Sales, McPherson Kevin M now holds 4,717 shares of the company’s stock, valued at 2,188,979. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.60%.
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 $537.20.