Somewhat Positive Media Coverage Somewhat Unlikely to Affect Marchex (MCHX) Stock Price
News stories about Marchex (NASDAQ:MCHX) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marchex earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.9807877157427 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Marchex (NASDAQ:MCHX) traded up 0.32% during mid-day trading on Friday, reaching $3.10. The company had a trading volume of 10,150 shares. The stock has a 50 day moving average of $2.94 and a 200-day moving average of $2.83. Marchex has a one year low of $2.46 and a one year high of $3.75. The firm’s market capitalization is $132.54 million.
Marchex (NASDAQ:MCHX) last posted its earnings results on Wednesday, August 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. Marchex had a negative net margin of 15.53% and a negative return on equity of 10.65%. The company had revenue of $22.02 million for the quarter, compared to analyst estimates of $21.97 million. During the same quarter in the prior year, the business posted ($0.02) EPS. The firm’s revenue was down 36.0% compared to the same quarter last year. Equities analysts predict that Marchex will post ($0.05) EPS for the current year.
Several research firms have recently issued reports on MCHX. Roth Capital set a $3.00 price target on Marchex and gave the stock a “hold” rating in a research report on Saturday, May 6th. Zacks Investment Research upgraded Marchex from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Thursday, May 11th. Finally, ValuEngine upgraded Marchex from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.
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Marchex, Inc is a mobile advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. Its media analytics products can provide actionable intelligence on media channels advertisers use to acquire customers over the phone. Its Marchex Omnichannel Analytics Cloud helps marketers connect customer conversions driven from paid media channels, including search, display and video, social and sites, to phone calls made to a business.
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