Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Mingteng International Corporation Inc (NASDAQ: MTEN) closed the day trading at $0.6 down -43.15% from the previous closing price of $1.06. In other words, the price has decreased by -$43.15 from its previous closing price. On the day, 6.18 million shares were traded. MTEN stock price reached its highest trading level at $1.59 during the session, while it also had its lowest trading level at $0.54.
Ratios:
For a better understanding of MTEN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 206.93. For the most recent quarter (mrq), Quick Ratio is recorded 1.36 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.00.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MTEN now has a Market Capitalization of 11911025 and an Enterprise Value of 3980433. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.78 while its Price-to-Book (P/B) ratio in mrq is 4.14. Its current Enterprise Value per Revenue stands at 0.371 whereas that against EBITDA is -0.929.
Stock Price History:
The Beta on a monthly basis for MTEN is -1.64, which has changed by -0.80442804 over the last 52 weeks, in comparison to a change of 0.1877265 over the same period for the S&P500. Over the past 52 weeks, MTEN has reached a high of $26.03, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is -60.68%, while the 200-Day Moving Average is calculated to be -92.68%.
Shares Statistics:
Over the past 3-months, MTEN traded about 399.45K shares per day on average, while over the past 10 days, MTEN traded about 210700 shares per day. A total of 4.75M shares are outstanding, with a floating share count of 2.74M. Insiders hold about 59.95% of the company’s shares, while institutions hold 0.04% stake in the company. Shares short for MTEN as of 1765756800 were 53912 with a Short Ratio of 0.13, compared to 1763078400 on 44077. Therefore, it implies a Short% of Shares Outstanding of 53912 and a Short% of Float of 0.33999999999999997.
