The stock of Micromobility.com Inc. (NASDAQ:MCOM) decreased by -$0.01 on Monday to finish at $0.07, down -12.13 percent. The last five days have seen an average of 72,416,719 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$6.4547. The average number of shares traded over the last 20 days was 33,359,301, while the average volume over the last 50 days totaled 24,146,902.
MCOM stock dropped -12.02% since last month. On 08/23/23, the company’s shares reached a one-month low of $0.0579. The stock touched a high of $39.50 on 01/24/23, after rallying from a low of $0.06 in 52 weeks. The price of MCOM stock has declined by -98.92% or -$6.4547 this year, reaching a new high 8 times. Still, the stock price is down -99.82% from the 52-week high.
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Insider Transactions
MCOM stock investors should be aware that Micromobility.com Inc. (MCOM) stock had its last reported insider trading activity 111 days ago on May 10. On May 10, Chief Executive Officer Palella Salvatore acquired 15,722 shares at $0.69 each. This transaction resulted in the insider spending $10,845.
Financial Health
For the three months ended September 29, Micromobility.com Inc.’s quick ratio was 0.10, while its current ratio was 0.10, indicating its inability to pay off its debt. Based on annual data, it had gross profit of -$26.09 million and revenue of $15.54 million.
Earnings Surprise
According to Micromobility.com Inc.’s quarterly financial report for the quarter that ended September 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.5 million, while revenues fell by -24.57% to $3.92 million. It was predicted that Micromobility.com Inc.’s quarterly earnings would be -$1.09, but it ended up being -$0.2, beating the consensus by -445.00%. EBITDA was -$30.2 million for the quarter. At the end of Micromobility.com Inc.’s most recent quarter ended September 29, its liabilities totaled 69.79 million, while its total debt was $34.83 million. Equity owned by shareholders amounts to $130.73 million.
Technical Picture
Here’s a quick look at Micromobility.com Inc.’s (MCOM) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 47.18%, suggesting the stock is Neutral, with a 251.98% historical volatility rate.
The stochastic %K and %D were 42.47% and 39.80% respectively, while the average true range (ATR) was 0.0169. Based on the 14-day stochastic reading of 23.35%, the RSI (14) reading is 40.94%. On the 9-day MACD Oscillator, the stock is at 0.0012.
Analyst Ratings
Analysts have assigned Micromobility.com Inc. (MCOM) an Buy rating. MCOM 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 MCOM’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.00 and $13.00, with a median target price of $13.00. In analyzing these forecasts, the average price target given by analysts for Micromobility.com Inc. (MCOM) is $13.00.
