Marin Software Inc (NASDAQ:MRIN) price on Thursday, March 28, rose 8.93% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.31.
A look at the stock’s price movement, the close in the last trading session was $0.28. The beta value (5-Year monthly) was 0.99. Turning to its 52-week performance, $0.95 and $0.24 were the 52-week high and 52-week low respectively. Overall, MRIN moved -8.96% over the past month.
Marin Software Inc’s market cap currently stands at around $5.51 million, with investors looking forward to this quarter’s earnings report slated for May 02, 2024 – May 06, 2024.
Analysts have a consensus estimate of $115 million for the company’s revenue for the quarter, with a low and high estimate of $115 million and $115 million respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that MRIN is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
MRIN’s current price about -3.02% and -14.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.21, while 7-day volatility ratio is 14.43% and 8.56% in the 30-day chart. Further, Marin Software Inc (MRIN) has a beta value of 0.96, and an average true range (ATR) of 0.03.
If we refocus on Marin Software Inc (NASDAQ:MRIN), historical trading data shows that trading volumes averaged 0.2 million over the past 10 days and 102.30K over the past 3 months. The company’s latest data on shares outstanding shows there are 18.06 million shares.
The 6.11% of Marin Software Inc’s shares are in the hands of company insiders while institutional holders own 9.54% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.29 million on Mar 15, 2024, giving us a short ratio of 2.85. The data shows that as of Mar 15, 2024 short interest in Marin Software Inc (MRIN) stood at 1.60% of shares outstanding, with shares short falling to 0.3 million registered in Feb 15, 2024. Current price change has pushed the stock -16.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MRIN stock continues to rise going into the next quarter.
