Micromobility.com Inc. (NASDAQ:MCOM) finished Thursday with a subtraction of $0.0 to close at $0.07, a downside of -7.50 percent. An average of 22,352,920 shares of common stock have been traded in the last five days. There was a fall of -$0.0034 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 20,620,051 shares traded, while the 50-day average volume stands at 18,875,029.
MCOM stock has decreased by -16.75% in the last month. The company shares reached their 1-month lowest point of $0.0579 on 08/23/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $0.06 and a high of $51.50 in 52 weeks. It has reached a new high 8 times so far this year and lost -98.98% or -$6.4584 in price. In spite of this, the price is down -99.87% from the 52-week high.
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Valuation Metrics
Micromobility.com Inc. (MCOM) stock’s beta is 0.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.55.
Financial Health
The quick ratio of Micromobility.com Inc. for the three months ended September 30 was 0.10, and the current ratio was 0.10, indicating that the company is not able to meet its debt obligations. Micromobility.com Inc.’s EBITDA margin for the year ending September 30 is -348.66%. Its gross profit as reported stood at -$26.09 million compared to revenue of $15.54 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$34.22 million in the quarter, while revenues of -$19.55 million were grew 42.31%. The analyst consensus anticipated Micromobility.com Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$1.09, a -445.00% surprise. For the quarter, EBITDA amounted to -$30.2 million. Shareholders own equity worth $130.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Micromobility.com Inc. (MCOM) price momentum. RSI 9-day as of the close on 24 August was 43.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 227.83%.
As of today, MCOM’s price is $0.0669 -4.86% or -$0.0034 from its 5-day moving average. MCOM is currently trading -21.37% lower than its 20-day SMA and -98.18% lower than its 100-day SMA. However, the stock’s current price level is -68.13% below the SMA50 and -99.40% below the SMA200.
The stochastic %K and %D were 26.38% and 22.63%, respectively, and the average true range (ATR) was 0.0128. With the 14-day stochastic at 29.39% and the average true range at 0.0151, the RSI (14) stands at 37.21%. The stock has reached -0.0026 on the 9-day MACD Oscillator while the 14-day reading was at -0.0025.
Analyst Ratings
The consensus rating for Micromobility.com Inc. (MCOM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MCOM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MCOM’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $13.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for Micromobility.com Inc. (MCOM) stock is $13.00.
