Marin Software Incorporated (NASDAQ:MRIN) shares, rose in value on Wednesday, 10/13/21, with the stock price up by 2.55% to the previous day’s close as strong demand from buyers drove the stock to $7.65.
Actively observing the price movement in the last trading, the stock closed the session at $7.46, falling within a range of $7.26 and $7.72. The value of beta (5-year monthly) was -0.15. Referring to stock’s 52-week performance, its high was $27.26, and the low was $1.23. On the whole, MRIN has fluctuated by 41.67% over the past month.
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With the market capitalization of Marin Software Incorporated currently standing at about $120.72 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 03, 2021 – Nov 08, 2021.
Analysts have estimated the company’s revenue for the quarter at $115 million, with a low estimate of $115 million and a high estimate of $115 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MRIN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
1 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 1 analyst(s), 0 recommend it as a Buy and 0 called the MRIN stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MRIN currently trading nearly -2.21% and 15.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.41, while the 7-day volatility ratio is showing 7.83% which for the 30-day chart, stands at 12.34%. Furthermore, Marin Software Incorporated (MRIN)’s beta value is 0.03, and its average true range (ATR) is 0.89. The company’s stock has been forecasted to trade at an average price of $14.00 over the course of the next 52 weeks, with a low of $14.00 and a high of $14.00. Based on these price targets, the low is -83.01% off current price, whereas the price has to move -83.01% to reach the yearly target high. Additionally, analysts’ median price of $14.00 is likely to be welcomed by investors because it represents a decrease of -83.01% from the current levels.
A comparison of Marin Software Incorporated (MRIN) with its peers suggests the former has fared considerably weaker in the market. MRIN showed an intraday change of 2.55% in last session, and over the past year, it grew by 479.55%%. In comparison, Adobe Inc. (ADBE) has moved higher at 1.80% on the day and was up 14.93% over the past 12 months. On the other hand, the price of ServiceSource International Inc. (SREV) has risen 0.74% on the day. The stock, however, is off -2.84% from where it was a year ago. Additionally, there is a gain of 0.83% for Alphabet Inc. (GOOGL) in last trading while the stock has seen an overall depriciation of 75.59%% over the past year. Other than that, the overall performance of the S&P 500 during the last trading session shows that it gained 0.30%. Meanwhile, the Dow Jones Industrial Slipped by 0.00%.
Data on historical trading for Marin Software Incorporated (NASDAQ:MRIN) indicates that the trading volumes over the past 10 days have averaged 1.87 million and over the past 3 months, they’ve averaged 10.12 million. According to company’s latest data on outstanding shares, there are 11.03 million shares outstanding.
Nearly 0.90% of Marin Software Incorporated’s shares belong to company insiders and institutional investors own 12.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.2 million shares as on May 27, 2021, resulting in a short ratio of 0.48. According to the data, the short interest in Marin Software Incorporated (MRIN) stood at 1.82% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 0.29 million. The stock has risen by 278.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MRIN stock heading into the next quarter.