Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Mingteng International Corporation Inc (NASDAQ: MTEN) was $0.76 for the day, up 26.78% from the previous closing price of $0.6. In other words, the price has increased by $26.78 from its previous closing price. On the day, 10.66 million shares were traded. MTEN stock price reached its highest trading level at $0.98 during the session, while it also had its lowest trading level at $0.58.
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 15.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 182.50. 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 15105219 and an Enterprise Value of 5085712. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.45 while its Price-to-Book (P/B) ratio in mrq is 5.25. Its current Enterprise Value per Revenue stands at 0.474 whereas that against EBITDA is -1.188.
Stock Price History:
The Beta on a monthly basis for MTEN is -1.02, which has changed by -0.8702886 over the last 52 weeks, in comparison to a change of 0.14402747 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 -68.90%, while the 200-Day Moving Average is calculated to be -91.02%.
Shares Statistics:
MTEN traded an average of 207.88K shares per day over the past three months and 1765340 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 1764288000 were 12567 with a Short Ratio of 0.06, compared to 1761868800 on 9900. Therefore, it implies a Short% of Shares Outstanding of 12567 and a Short% of Float of 0.08.
