Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Mingteng International Corporation Inc (NASDAQ: MTEN) closed the day trading at $0.08 down -41.93% from the previous closing price of $0.13. In other words, the price has decreased by -$41.93 from its previous closing price. On the day, 277.7 million shares were traded. MTEN stock price reached its highest trading level at $0.1233 during the session, while it also had its lowest trading level at $0.0694.
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 2.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.42. 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 1514079 and an Enterprise Value of 382803. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.53. Its current Enterprise Value per Revenue stands at 0.036 whereas that against EBITDA is -0.089.
Stock Price History:
The Beta on a monthly basis for MTEN is -1.65, which has changed by -0.97485715 over the last 52 weeks, in comparison to a change of 0.19226205 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 $0.12. The 50-Day Moving Average of the stock is -94.50%, while the 200-Day Moving Average is calculated to be -99.06%.
Shares Statistics:
Over the past 3-months, MTEN traded about 5.56M shares per day on average, while over the past 10 days, MTEN traded about 31742280 shares per day. A total of 4.75M shares are outstanding, with a floating share count of 2.74M. Insiders hold about 69.32% of the company’s shares, while institutions hold 0.03% stake in the company. Shares short for MTEN as of 1767139200 were 323833 with a Short Ratio of 0.06, compared to 1764288000 on 12567. Therefore, it implies a Short% of Shares Outstanding of 323833 and a Short% of Float of 2.07.
