Metromile Inc. (NASDAQ:MILE) saw an upside of 0.46% to $3.27 after adding $0.02 on Wednesday. The 5-day average trading volume is 2,375,073 shares of the company’s common stock. It has gained $3.66 in the past week. An average of 2,233,093 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,128,755.
MILE’s 1-month performance is -22.06% or -$0.87 on its low of $3.13 reached on 10/11/21. The company’s shares have touched a 52-week low of $3.13 and high of $20.39. YTD, MILE has lost -79.10% or -$12.25. However, the current price is down -83.99%% from the 52-week high price.
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Metromile Inc. (MILE) has a trailing price-to-earnings (P/E) ratio of 13.00 for the broader industry and 12.67 for the sector.MILE stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.97 while the price-to-book (PB) in the most recent quarter is 1.75.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected MILE to announce -$0.3 per share in earnings in its latest quarter, but it posted -$0.33, representing a -10.00% surprise. EBITDA for the quarter stood at more than -$43.91 million. MILE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 125.58 million. Shareholders hold equity totaling $126.73 million
Let’s look briefly at Metromile Inc. (MILE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 31.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.17%.
The stock’s 5-day moving average is $3.26, reflecting a -5.71% or -$0.20 change from its current price. MILE is currently trading -19.31% above its 20-day SMA, -58.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -53.32% and -78.17% respectively.
Stochastic %K and %D was 13.18% and 8.51% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 31.57%, while the 14-day stochastic is at 18.90% with the period’s ATR at 0.25. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -0.26 on the 14-day charts.
In the most recent analyst report for Metromile Inc. (NASDAQ: MILE), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for MILE stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate MILE as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is MILE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.00 and a high of $7.00, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for Metromile Inc. (MILE) stock is $6.50.