The stock of Tingo Group Inc. (NASDAQ:TIO) increased by $0.03 on Monday to $0.94, up 3.59 percent. The last five days have seen an average of 6,092,919 shares of common stock traded. 36 times new highs were reached in the current year, with a gain of $0.1198. The average number of shares traded over the last 20 days was 4,404,060, while the average volume over the last 50 days totaled 4,835,408.
TIO stock dropped -28.96% since last month. On 08/22/23, the company’s shares reached a one-month low of $0.7554. The stock touched a high of $5.69 on 05/22/23, after rallying from a low of $0.57 in 52 weeks. The price of TIO stock has risen by 13.83% or $0.1198 this year, reaching a new high 36 times. Still, the stock price is down -83.40% from the 52-week high.
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Valuation Metrics
Tingo Group Inc. (TIO) has a trailing price-to-earnings (P/E) ratio of 21.00. Beta for the stock is 1.24. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 0.17, and the price-to-cash flow ratio of 0.61.
Financial Health
For the three months ended March 31, Tingo Group Inc.’s quick ratio was 2.10, while its current ratio was 2.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 31 is 0.22, and the total debt to equity ratio is 0.22. As far as profitability goes, gross margin for the trailing twelve months is 45.60% percent. Tingo Group Inc.’s EBITDA margin for the year ended March 31 was 19.25%, whereas its operating margin stood at 26.20% for the same period. Based on annual data, it had gross profit of $64.79 million and revenue of $146.03 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TIO’s return on assets (ROA) during the last 12 months has been 12.70%. There was a -6.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 28.60%.
Earnings Surprise
According to Tingo Group Inc.’s quarterly financial report for the quarter that ended March 31. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $851.25 million, while revenues rose by 98.88% to $110.76 million. It was predicted that Tingo Group Inc.’s quarterly earnings would be $0.33, but it ended up being $0.28, beating the consensus by 17.90%. EBITDA was $371.73 million for the quarter. At the end of Tingo Group Inc.’s most recent quarter ended March 31, its liabilities totaled 897.48 million, while its total debt was $207.92 million. Equity owned by shareholders amounts to $163.73 million.
Technical Picture
Here’s a quick look at Tingo Group Inc.’s (TIO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 36.41%, suggesting the stock is Neutral, with a 207.11% historical volatility rate.
The stochastic %K and %D were 18.82% and 21.54% respectively, while the average true range (ATR) was 0.1521. Based on the 14-day stochastic reading of 21.03%, the RSI (14) reading is 37.83%. On the 9-day MACD Oscillator, the stock is at -0.1218, and the 14-day reading is at -0.1917.
Analyst Ratings
Analysts have assigned Tingo Group Inc. (TIO) an Buy rating. TIO is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is TIO’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.75 and $11.75, with a median target price of $11.75. In analyzing these forecasts, the average price target given by analysts for Tingo Group Inc. (TIO) is $11.75.
