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MarketAxess Holdings Inc (MKTX) is a leading capital markets business with stocks listed in the US. It opened the day at US$454.34 after a previous close of US$455.2. During the day the price has varied from a low of USD451.08 to a high of USD460.02. The latest price was USD457.81 (25 minute delay). MarketAxess is listed on the NASDAQ. All prices are listed in US Dollars.
How to buy shares in MarketAxess
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for MarketAxess. Find the share by name or ticker symbol: MKTX. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until MarketAxess reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$450.23, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of MarketAxess, depending on your broker.
- Check in on your investment. Congratulations, you own a part of MarketAxess. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- MarketAxess key stats
- Compare share trading platforms
- Is MarketAxess stock a buy or sell?
- MarketAxess performance over time
- Can I short MarketAxess shares?
- Are MarketAxess shares over-valued?
- MarketAxess's financials
- How volatile are MarketAxess shares?
- Does MarketAxess pay a dividend?
- Other common questions
MarketAxess share priceUse our graph to track the performance of MKTX stocks over time.
MarketAxess shares at a glance
|52-week range||US$431.19 - US$604.8384|
|50-day moving average||US$455.1571|
|200-day moving average||US$516.9599|
|Dividend yield||US$2.46 (0.55%)|
|Earnings per share (TTM)||US$8|
Compare share trading platforms to buy stock
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy MarketAxess stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
MarketAxess price performance over time
|1 week (2021-06-16)||1.88%|
|1 month (2021-05-21)||0.40%|
|3 months (2021-03-23)||-12.98%|
|6 months (2020-12-23)||-20.10%|
|1 year (2020-06-23)||-11.88%|
|2 years (2019-06-21)||37.45%|
|3 years (2018-06-22)||116.97%|
|5 years (2016-06-23)||217.64%|
Is MarketAxess under- or over-valued?
Valuing MarketAxess stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of MarketAxess's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
MarketAxess's P/E ratio
MarketAxess's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 58x. In other words, MarketAxess shares trade at around 58x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
MarketAxess's PEG ratio
MarketAxess's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.39. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into MarketAxess's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
MarketAxess's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$422.9 million.
The EBITDA is a measure of a MarketAxess's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$715.6 million|
|Operating margin TTM||54.25%|
|Gross profit TTM||US$498.1 million|
|Return on assets TTM||19.25%|
|Return on equity TTM||34.15%|
|Market capitalisation||US$17.5 billion|
TTM: trailing 12 months
Shorting MarketAxess shares
There are currently 781,929 MarketAxess shares held short by investors – that's known as MarketAxess's "short interest". This figure is 18.7% up from 658,867 last month.
There are a few different ways that this level of interest in shorting MarketAxess shares can be evaluated.
MarketAxess's "short interest ratio" (SIR)
MarketAxess's "short interest ratio" (SIR) is the quantity of MarketAxess shares currently shorted divided by the average quantity of MarketAxess shares traded daily (recently around 338497.4025974). MarketAxess's SIR currently stands at 2.31. In other words for every 100,000 MarketAxess shares traded daily on the market, roughly 2310 shares are currently held short.
However MarketAxess's short interest can also be evaluated against the total number of MarketAxess shares, or, against the total number of tradable MarketAxess shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case MarketAxess's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 MarketAxess shares in existence, roughly 20 shares are currently held short) or 0.0212% of the tradable shares (for every 100,000 tradable MarketAxess shares, roughly 21 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against MarketAxess.
Find out more about how you can short MarketAxess stock.
MarketAxess share dividends
Dividend payout ratio: 31.05% of net profits
Recently MarketAxess has paid out, on average, around 31.05% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.59% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), MarketAxess shareholders could enjoy a 0.59% return on their shares, in the form of dividend payments. In MarketAxess's case, that would currently equate to about $2.46 per share.
While MarketAxess's payout ratio might seem fairly standard, it's worth remembering that MarketAxess may be investing much of the rest of its net profits in future growth.
MarketAxess's most recent dividend payout was on 25 May 2021. The latest dividend was paid out to all shareholders who bought their shares by 10 May 2021 (the "ex-dividend date").
MarketAxess share price volatility
Over the last 12 months, MarketAxess's shares have ranged in value from as little as US$431.19 up to US$604.8384. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while MarketAxess's is 0.3755. This would suggest that MarketAxess's shares are less volatile than average (for this exchange).
MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. It offers the access to global liquidity in U.S. investment-grade bonds, U.S. high-yield bonds, U.S. Treasuries, municipal bonds, emerging market debt, Eurobonds, and other fixed income securities. The company, through its Open Trading protocols, executes bond trades between and among institutional investor and broker-dealer clients in an all-to-all anonymous trading environment for corporate bonds. It also offers trading-related products and services, including Composite+ pricing and other market data products to assist clients with trading decisions; auto-execution and other execution services for clients requiring specialized workflow solutions; connectivity solutions that facilitate straight-through processing; and technology services to optimize trading environments. In addition, the company offers a range of pre-and post-trade services, such as trade matching, trade publication, regulatory transaction reporting, and market and reference data across a range of fixed-income and other products. MarketAxess Holdings Inc. was incorporated in 2000 and is headquartered in New York, New York.
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