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After finishing at $0.89 in the prior trading day, Singing Machine Co., Inc. (NASDAQ: MICS) closed at $0.84, down -5.63%. In other words, the price has decreased by -$5.63 from its previous closing price. On the day, 1.57 million shares were traded. MICS stock price reached its highest trading level at $0.9523 during the session, while it also had its lowest trading level at $0.7908.
Ratios:
Our goal is to gain a better understanding of MICS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.72. For the most recent quarter (mrq), Quick Ratio is recorded 0.85 and its Current Ratio is at 1.46. In the meantime, Its Debt-to-Equity ratio is 0.78 whereas as Long-Term Debt/Eq ratio is at 0.77.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 21 ’23 when Stingray Group Inc. bought 1,098,901 shares for $0.91 per share. The transaction valued at 1,000,000 led to the insider holds 1,421,124 shares of the business.
Foreman Jay B bought 1,098,901 shares of MICS for $1,000,000 on Nov 21 ’23. The Director now owns 1,130,768 shares after completing the transaction at $0.91 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MICS now has a Market Capitalization of 5929585 and an Enterprise Value of 5349529. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 1.03. Its current Enterprise Value per Revenue stands at 0.141 whereas that against EBITDA is -0.673.
Stock Price History:
The Beta on a monthly basis for MICS is 0.14, which has changed by -0.58823526 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, MICS has reached a high of $2.49, while it has fallen to a 52-week low of $0.61. The 50-Day Moving Average of the stock is -31.07%, while the 200-Day Moving Average is calculated to be -16.47%.
Shares Statistics:
The stock has traded on average 525.71K shares per day over the past 3-months and 2416730 shares per day over the last 10 days, according to various share statistics. A total of 7.06M shares are outstanding, with a floating share count of 0.77M. Insiders hold about 89.15% of the company’s shares, while institutions hold 8.06% stake in the company. Shares short for MICS as of 1719532800 were 77058 with a Short Ratio of 0.15, compared to 1717113600 on 50163. Therefore, it implies a Short% of Shares Outstanding of 77058 and a Short% of Float of 4.31.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
