Last Updated: 10 Nov 2024
Executive Summary
Marchex Inc. (MCHX) is a call analytics company that helps businesses connect, drive, measure, and convert callers into customers. The company's stock price has been under pressure in recent months, falling from a 52-week high of $2.155 to a current price of $1.84. This report will provide an overview of the company, its financial performance, and its technical analysis.
Company Overview
Marchex was founded in 2005 and is headquartered in Seattle, Washington. The company's call analytics platform helps businesses track and analyze their inbound and outbound calls. This data can be used to improve customer service, sales, and marketing efforts. Marchex also offers a variety of other services, including call tracking, call recording, and call center outsourcing.
Fundamental Analysis
Marchex's financial performance has been mixed in recent quarters. The company's revenue has declined slightly over the past year, and its profitability has been impacted by higher expenses. In the most recent quarter, Marchex reported a loss of $0.09 per share on revenue of $48.6 million.
Technical Analysis
Marchex's stock price has been in a downtrend since the beginning of the year. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for Marchex is bearish. The stock is trading below its key moving averages and the RSI is oversold. This suggests that the stock could continue to decline in the near term.
Long Term Outlook
The long-term outlook for Marchex is more positive. The company's call analytics platform is a valuable tool for businesses, and the company has a strong track record of innovation. However, the company's financial performance needs to improve in order for the stock to regain its former highs.
Analyst Recommendations
Analysts are mixed on Marchex. Two analysts have a buy rating on the stock, while none have a sell rating. The average analyst target price is $3.25.
Conclusion
Marchex is a call analytics company with a strong track record of innovation. However, the company's financial performance has been mixed in recent quarters. The stock is currently trading below its key moving averages and the RSI is oversold. This suggests that the stock could continue to decline in the near term. However, the long-term outlook for Marchex is more positive. The company's call analytics platform is a valuable tool for businesses, and the company has a strong track record of innovation.
