Micromobility.com Inc. (NASDAQ:MCOM) saw a downside of -3.62% to close Monday at $0.07 after subtracting $0.0 on the day. The 5-day average trading volume is 29,381,721 shares of the company’s common stock. It has gained $0.0875 in the past week and touched a new high 2 times within the past 5 days. An average of 21,103,715 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 20,699,873.
MCOM’s 1-month performance is -25.59% or -$0.0229 on its low of $0.0597 reached on 08/09/23. The company’s shares have touched a 52-week low of $0.06 and high of $55.00, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, MCOM has lost -98.98% or -$6.4584 and has reached a new high 8 times. However, the current price is down -99.88% from the 52-week high price.
Valuation Metrics
MCOM stock has a beta of 0.45. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.55.
Micromobility.com Inc.’s quick ratio for the period ended September 29 was 0.10, with the current ratio over the same period at 0.10. The trailing 12-month EBITDA margin is -348.66%. The firm’s gross profit as reported stood at -$26.09 million against revenue of $15.54 million.
Earnings Surprise
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 42.31% to -$34.22 million, while revenue of -$19.55 million was 42.87% off the previous quarter. Analysts expected MCOM to announce -$0.2 per share in earnings in its latest quarter, but it posted -$1.09, representing a -445.00% surprise. EBITDA for the quarter stood at more than -$30.2 million. MCOM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 69.79 million, with total debt at $34.83 million. Shareholders hold equity totaling $130.73 million.
Let’s look briefly at Micromobility.com Inc. (MCOM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 40.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 211.55%.
The stock’s 5-day moving average is $0.0707, reflecting a -1.19% or -$0.0008 change from its current price. MCOM is currently trading -25.08% above its 20-day SMA, -98.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -71.76% and SMA200 by-99.54%.
Stochastic %K and %D was 24.84% and 31.82% and the average true range (ATR) pointed at 0.0122. The RSI (14) points at 33.88%, while the 14-day stochastic is at 24.38% with the period’s ATR at 0.0154. The stock’s 9-day MACD Oscillator is pointing at -0.0010 and -0.0037 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for MCOM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MCOM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is MCOM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $13.00 and a high of $13.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Micromobility.com Inc. (MCOM) stock is $13.00.
