Investors in MarketAxess Holdings (NASDAQ:MKTX) have experienced a loss of approximately 52% over the last three years. Misalignments with revenue expectations in Q1 2024 have been reported alongside a slight shortfall in earnings per share projections. However, the company has seen a rise in the stock still underperforming the market. There have been strong earnings due to commission revenue and lower expenses. Top and bottom line beats have been reported. A decline in Q2 and June volumes and a downfall of 10.7% since last earnings was witnessed. Additionally, MKTX management has announced dividends increase to $0.74. MKTX stock continued to underperform compared to competitors, despite strengths such as increased holdings by influential investing groups. The company has maintained its robust earnings growth and has released record information. MKTX ADV in April was driven by rates trading and credit. There has been a question on if MarketAxess is overpriced or a hidden bargain, which is yet to be validated. Shares in MKTX have sold off by Yousif Capital Management, now posing a question of whether it's smart to hold or sell MKTX shares before the stock goes ex-dividend.
Marketaxess Holdings MKTX News Analytics from Wed, 16 Aug 2023 07:00:00 GMT to Tue, 07 May 2024 18:10:11 GMT - Rating 4 - Innovation -1 - Information -2 - Rumor -3
