Published on 29 Dec 2023 on Zacks via Yahoo Finance

MarketAxess (MKTX) Up 41% in 3 Months: What Lies Ahead?

Shares of MarketAxess Holdings Inc. MKTX have climbed 41.2% in the past three months compared with the industry’s 26.4% growth. The Zacks Finance sector and the S&P 500 composite index rose 14.5% and 10.9%, respectively, in the same time frame. With a market capitalization of $11.2 billion, the average volume of shares traded in the last three months was 0.4 million.

Growing commissions, solid credit trading volume, the extensive reach of the Open Trading platform, acquisitions and a notable financial position continue to drive MarketAxess.

The leading electronic trading platform operator, presently carrying a Zacks Rank #3 (Hold), has a decent track record of beating estimates in three of the trailing four quarters and missing the mark once, the average surprise being 2.03%.