Markforged (NYSE:MKFG) Issues Earnings Results, Misses Estimates By $0.09 EPS

Markforged (NYSE:MKFG) posted its quarterly earnings results on Friday. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.09), Zacks reports. Markforged had a negative return on equity of 34.99% and a negative net margin of 101.18%. The business had revenue of $22.30 million during the quarter, compared to the consensus estimate of $22.30 million.

Markforged Stock Down 1.1 %

Shares of NYSE MKFG traded down $0.05 during midday trading on Friday, reaching $4.58. The company had a trading volume of 292,192 shares, compared to its average volume of 128,228. The firm’s fifty day moving average price is $2.95 and its 200-day moving average price is $3.54. Markforged has a one year low of $1.57 and a one year high of $8.80. The stock has a market cap of $94.44 million, a PE ratio of -1.05 and a beta of 1.50.

About Markforged

Markforged Holding Corporation produces and sells 3D printers, materials, software, and other related services worldwide. It offers desktop, industrial, and metal 3D printers; and composite, continuous fiber, and metal parts, as well as advanced 3D printing software. The company serves customers in aerospace, military and defense, food and beverage, industrial automation, space exploration, healthcare, and automotive industries.