Can Inc. (MCOM) Add Value To Your Portfolio?


As of Wednesday close, Inc.’s (NASDAQ:MCOM) stock was down -$0.06, moving down -10.67 percent to $0.44. The average number of shares traded per day over the past five days has been 1,943,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1618 fall in that time frame. In the last twenty days, the average volume was 1,318,375, while in the previous 50 days, it was 1,083,016.

Since last month, MCOM stock retreated -65.45%. Shares of the company fell to $0.4080 on 05/24/23, the lowest level in the past month. A 52-week high of $119.50 was reached on 01/24/23 after having rallying from a 52-week low of $0.45. Since the beginning of this year, MCOM’s stock price has dropped by -93.22% or -$6.0828, and marked a new high 8 times. However, the stock has declined by -99.63% since its 52-week high.

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MCOM stock investors should be aware that Inc. (MCOM) stock had its last reported insider trading activity 15 days ago on May 10. Palella Salvatore, the Chief Executive Officer of the company, purchased of 15,722 shares for $0.69 on May 10. It resulted in a $10,845 investment by the insider.

Financial Health

In the three months ended September 29, Inc.’s quick ratio stood at 0.20, while its current ratio was 0.20, showing that the company is not able to pay off its debt. Based on annual data, MCOM earned -$26.09 million in gross profit and brought in $15.54 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MCOM’s revenue rose 219.9% to $2.8 million during the quarter, while net income inched up to $3.92 million. While analysts expected Inc. to report -$0.2 quarterly earnings, the actual figure was -$1.09 per share, beating the consensus estimate by -445.00%. During the quarter, the company generated -$13.22 million in EBITDA. The liabilities of Inc. were 75.64 million at the end of its most recent quarter ended September 29, and its total debt was $41.39 million. The value of shareholders’ equity is $11.11 million.

Technical Picture

This quick technical analysis looks at Inc.’s (MCOM) price momentum. With a historical volatility rate of 87.75%, the RSI 9-day stood at 13.23% on 24 May.

With respect to its five-day moving average, the current Inc. price is down by -26.79% percent or -$0.1618. At present, MCOM shares trade -59.06% below its 20-day simple moving average and -93.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately -93.35% below its SMA50 and -99.45% below its SMA200.

Stochastic coefficient K was 8.85% and Stochastic coefficient D was 6.39%, while ATR was 0.1157. Given the Stochastic reading of 8.10% for the 14-day period, the RSI (14) reading has been calculated as 17.46%. As of today, the MACD Oscillator reading stands at -0.0604, while the 14-day reading stands at -0.1284.


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