MKTX: MarketAxess Holdings Inc. is a STRONGBUY according to our AI strategy. If one had traded with this strategy between 2020-12-22 and 2023-02-02, they would have made an impressive 96.79% return on average with each trade making 24.2% over a 56.0 day period. This prediction is based on a model with an accuracy of 0.8 in predicting an upwards trend in the following 2 weeks. The analyst consensus price target for MKTX is 433.
MarketAxess Holdings Inc (MKTX) is a financial technology company that operates a global electronic trading platform for institutional credit markets. It also provides market data and post-trade services. MarketAxess has been listed on the Nasdaq since 2004 and is headquartered in New York, USA.
Company Overview
MarketAxess Holdings Inc. (MarketAxess) provides an electronic trading platform for institutional credit markets that allows for the trading of corporate bonds and other fixed income securities. The company was founded in 2000 and has grown to become the largest electronic trading platform for credit products in the world. The company has a presence in the US, Europe, Asia-Pacific, and Latin America. MarketAxess offers a full suite of services including real-time streaming prices, order negotiation and management, portfolio management, execution and analytics, post-trade services, and market data.
Market Performance
MarketAxess has seen strong growth in its market share over the past few years. In 2020, the company’s trading volume reached $1.2 trillion, representing a 15% increase from 2019. The company’s revenue has also increased significantly, jumping from $399 million in 2017 to $622 million in 2020. The company’s net income has also grown, from $147 million in 2017 to $331 million in 2020.
Share Price Performance
MarketAxess’s share price has seen strong growth in recent years. The company’s share price has risen from $122.50 in 2017 to a current price of $211.80 (as of October 2, 2023). This represents an increase of 73% over the past two years. MarketAxess’s current market capitalization is $13.3 billion.
Conclusion
MarketAxess Holdings Inc. (MKTX) is a financial technology company that operates a global electronic trading platform for institutional credit markets. The company has seen strong growth in its market share and revenue in recent years. MarketAxess’s share price has also seen strong growth, rising from $122.50 in 2017 to its current price of $211.80 (as of October 2, 2023). With strong growth in its market share, revenue, and share price, MarketAxess looks to be a strong investment opportunity.
Symbol: MKTX
AssetType: Common Stock
Name: MarketAxess Holdings Inc
Description: MarketAxess Holdings Inc. (MarketAxess) is an international financial technology company that operates an electronic trading platform for the institutional credit markets, and also provides market data and post-trade services.
CIK: 1278021
Exchange: NASDAQ
Currency: USD
Country: USA
Sector: FINANCE
Industry: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
Address: 55 HUDSON YARDS, 15TH FLOOR, NEW YORK, NY, US
FiscalYearEnd: December
LatestQuarter: 2022-12-31
MarketCapitalization: 13256810000
EBITDA: 387831000
PERatio: 52.97
PEGRatio: 2.784
BookValue: 28.84
DividendPerShare: 2.8
DividendYield: 0.0082
EPS: 6.65
RevenuePerShareTTM: 19.17
ProfitMargin: 0.348
OperatingMarginTTM: 0.455
ReturnOnAssetsTTM: 0.13
ReturnOnEquityTTM: 0.236
RevenueTTM: 718300000
GrossProfitTTM: 665336000
DilutedEPSTTM: 6.65
QuarterlyEarningsGrowthYOY: 0.154
QuarterlyRevenueGrowthYOY: 0.078
AnalystTargetPrice: 339.2
TrailingPE: 52.97
ForwardPE: 37.74
PriceToSalesRatioTTM: 14.86
PriceToBookRatio: 10.38
EVToRevenue: 14.61
EVToEBITDA: 25.92
Beta: 0.741
52WeekHigh: 388.77
52WeekLow: 216.37
50DayMovingAverage: 312.76
200DayMovingAverage: 271.41
SharesOutstanding: 37636800
DividendDate: 2023-02-22
ExDividendDate: 2023-02-07
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-10-02 | MKTX | STRONGBUY | 0.8 | 211.80 | 339.2 |
| 2023-09-28 | MKTX | MEDIUMBUY | 0.8 | 211.89 | 339.2 |
| 2023-09-25 | MKTX | WEAKBUY | 0.8 | 224.62 | 339.2 |
More AI Trading NASDAQ Tue, 03 Oct buys
You must be logged in to view this content.
AI Trading NASDAQ Tue, 03 Oct sells
Back-testing and model summaries
Thanks for subscribing and happy investing!
The Third Perspective Team