Today's Strong And Under The Radar Stock Is MarketAxess Holdings (MKTX)
Trade-Ideas LLC identified
(
) as a strong and under the radar 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 $108.3 million.
- MKTX has traded 43.04480000000000217141860048286616802215576171875 options contracts today.
- MKTX is making at least a new 3-day high.
- MKTX has a PE ratio of 54.
- MKTX is mentioned 1.00 times per day on StockTwits.
- MKTX has not yet been mentioned on StockTwits today.
- MKTX is currently in the upper 20% of its 1-year range.
- MKTX is in the upper 35% of its 20-day range.
- MKTX is in the upper 45% of its 5-day range.
- MKTX is currently trading above yesterday's high.
'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in MKTX with the Ticky from Trade-Ideas. See the FREE profile for MKTX NOW at Trade-Ideas
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 0.7%. MKTX has a PE ratio of 54. Currently there are 2 analysts that rate MarketAxess Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for MarketAxess Holdings has been 340,300 shares per day over the past 30 days. MarketAxess has a market cap of $5.4 billion and is part of the financial sector and financial services industry. The stock has a beta of 0.61 and a short float of 4.8% with 2.33 days to cover. Shares are up 29.6% year-to-date as of the close of trading on Tuesday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates MarketAxess Holdings as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. We feel its strengths outweigh the fact that the company shows weak operating cash flow.
Highlights from the ratings report include:
- MKTX's revenue growth has slightly outpaced the industry average of 7.7%. Since the same quarter one year prior, revenues rose by 15.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- MKTX has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign.
- 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.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 56.73% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, MKTX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- You can view the full MarketAxess Holdings Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.