New Lifetime High For MarketAxess Holdings (MKTX)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified MarketAxess Holdings as such a stock due to the following factors:
- MKTX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $26.5 million.
- MKTX has traded 1,625 shares today.
- MKTX is trading at a new lifetime high.
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More details on MKTX:
Marketaxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform that enables fixed-income market participants to trade corporate bonds and other types of fixed-income instruments worldwide. The stock currently has a dividend yield of 0.8%. MKTX has a PE ratio of 42. Currently there are 2 analysts that rate MarketAxess Holdings a buy, 1 analyst rates it a sell, and none rate it a hold.
The average volume for MarketAxess Holdings has been 326,700 shares per day over the past 30 days. MarketAxess has a market cap of $3.9 billion and is part of the financial sector and financial services industry. The stock has a beta of 0.62 and a short float of 3.5% with 5.02 days to cover. Shares are up 44.3% year-to-date as of the close of trading on Thursday.
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Analysis:
rates MarketAxess Holdings as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
- MKTX's revenue growth has slightly outpaced the industry average of 15.2%. Since the same quarter one year prior, revenues rose by 15.5%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Diversified Financial Services industry and the overall market, MARKETAXESS HOLDINGS INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- The gross profit margin for MARKETAXESS HOLDINGS INC is rather high; currently it is at 53.91%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 30.61% significantly outperformed against the industry average.
- Net operating cash flow has increased to $35.74 million or 11.08% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -17.14%.
- You can view the full MarketAxess Holdings Ratings Report.
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