Markforged (NYSE:MKFG) Releases Quarterly Earnings Results, Misses Expectations By $0.09 EPS

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

Markforged Price Performance

Shares of MKFG stock traded down $0.05 during trading hours on Friday, hitting $4.58. The stock had a trading volume of 292,192 shares, compared to its average volume of 128,228. The stock has a market capitalization of $94.44 million, a price-to-earnings ratio of -1.05 and a beta of 1.50. Markforged has a one year low of $1.57 and a one year high of $8.80. The stock’s 50-day moving average price is $2.95 and its two-hundred day moving average price is $3.54.

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.