Daily Market Movement: Massimo Group (MAMO) Sees a 1.51% Increase, Closing at $4.03

Nora Barnes

Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.

The closing price of Massimo Group (NASDAQ: MAMO) was $4.03 for the day, up 1.51% from the previous closing price of $3.97. In other words, the price has increased by $1.51 from its previous closing price. On the day, 86828.0 shares were traded. MAMO stock price reached its highest trading level at $4.075 during the session, while it also had its lowest trading level at $3.7.

Ratios:

Our analysis of MAMO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 64.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.55 and its Current Ratio is at 2.07. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.27.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MAMO now has a Market Capitalization of 167813040 and an Enterprise Value of 175346656. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.43 while its Price-to-Book (P/B) ratio in mrq is 7.73. Its current Enterprise Value per Revenue stands at 2.475 whereas that against EBITDA is -82.52.

Stock Price History:

The Beta on a monthly basis for MAMO is -0.49, which has changed by 0.6008065 over the last 52 weeks, in comparison to a change of 0.14446163 over the same period for the S&P500. Over the past 52 weeks, MAMO has reached a high of $5.39, while it has fallen to a 52-week low of $1.84. The 50-Day Moving Average of the stock is 9.97%, while the 200-Day Moving Average is calculated to be 41.44%.

Shares Statistics:

MAMO traded an average of 119.66K shares per day over the past three months and 238110 shares per day over the past ten days. A total of 41.64M shares are outstanding, with a floating share count of 4.94M. Insiders hold about 88.14% of the company’s shares, while institutions hold 0.26% stake in the company. Shares short for MAMO as of 1764288000 were 24424 with a Short Ratio of 0.97, compared to 1761868800 on 22192. Therefore, it implies a Short% of Shares Outstanding of 24424 and a Short% of Float of 0.47999998000000005.

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