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 Mingteng International Corporation Inc (NASDAQ: MTEN) was $1.61 for the day, down -1.77% from the previous closing price of $1.64. In other words, the price has decreased by -$1.77 from its previous closing price. On the day, 86731.0 shares were traded. MTEN stock price reached its highest trading level at $1.75 during the session, while it also had its lowest trading level at $1.42.
Ratios:
Our analysis of MTEN’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 45.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 551.08. 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 31843116 and an Enterprise Value of 10877486. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.40 while its Price-to-Book (P/B) ratio in mrq is 11.08. Its current Enterprise Value per Revenue stands at 1.013 whereas that against EBITDA is -2.54.
Stock Price History:
The Beta on a monthly basis for MTEN is -1.67, which has changed by -0.72497064 over the last 52 weeks, in comparison to a change of 0.12159383 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 $1.50. The 50-Day Moving Average of the stock is -64.63%, while the 200-Day Moving Average is calculated to be -81.81%.
Shares Statistics:
MTEN traded an average of 92.48K shares per day over the past three months and 93520 shares per day over the past ten days. A total of 6.84M 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 1763078400 were 44077 with a Short Ratio of 0.48, compared to 1760486400 on 23903. Therefore, it implies a Short% of Shares Outstanding of 44077 and a Short% of Float of 0.27999999999999997.
