What Technical Indicators Show About MILE (MILE)?

Metromile Inc. (NASDAQ:MILE) finished Thursday with a subtraction of -$0.13 to close at $3.37, a downside of -3.71 percent. An average of 2,004,900 shares of common stock have been traded in the last five days. There was a fall of -$0.18 in the past week. The last 20 days have seen an average of 2,608,965 shares traded, while the 50-day average volume stands at 3,020,798.

MILE stock has decreased by -24.27% in the last month. The company shares reached their 1-month lowest point of $3.34 on 10/07/21. Shares of the company touched a low of $3.34 and a high of $20.39 in 52 weeks. In spite of this, the price is down -83.47% from the 52-week high.

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Valuation Metrics

Metromile Inc. (MILE) has a trailing price-to-earnings (P/E) ratio of 13.00 for the broader industry and 12.83 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.52, the price-to-book (PB) ratio at 1.81.

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 For the recent quarter ending June 29.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 11.41 over the past year.

Earnings Surprise

The analyst consensus anticipated Metromile Inc.’s latest quarter earnings to come in at -$0.3 per share, but it turned out to be -$0.33, a -10.00% surprise. For the recent quarter, EBITDA amounted to -$43.91 million. At the end of the quarter ending June 29, Metromile Inc.’s stock balance sheet showed total liabilities of 125.58 million. Shareholders own equity worth $126.73 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Metromile Inc. (MILE) price momentum. RSI 9-day as of the close on 07 October was 26.30%, suggesting the stock is oversold, with historical volatility in this time frame at 34.93%.

As of today, MILE’s price is $3.53 -5.07% or -$0.18 from its 5-day moving average. MILE is currently trading -21.72% lower than its 20-day SMA and -51.58% lower than its 100-day SMA. However, the stock’s current price level is -55.19% below the SMA50 and -78.55% below the SMA200.

The stochastic %K and %D were 15.43% and 19.84%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 4.23% and the average true range at 0.28, the RSI (14) stands at 29.47%. The stock has reached -0.12 on the 9-day MACD Oscillator while the 14-day reading was at -0.21.

Analyst Ratings

Piper Sandler downgraded Metromile Inc. (NASDAQ: MILE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a an Overweight.The consensus rating for Metromile Inc. (MILE) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MILE, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is MILE’s price target for the next 12 months?

Analysts predict a range of price targets between $6.00 and $7.00, with a median target of $6.50. Taking a look at these predictions, the average price target given by analysts for Metromile Inc. (MILE) stock is $6.50.


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