As of Wednesday close, Tingo Group Inc.’s (NASDAQ:TIO) stock was up $0.55, moving up 64.76 percent to $1.40. The average number of shares traded per day over the past five days has been 14,731,600 shares. 2 times new highs have been achieved over the past 5 days, with a $0.3200 gain in that time frame. In the last twenty days, the average volume was 7,444,965, while in the previous 50 days, it was 5,692,332.
Since last month, TIO stock retreated -4.11%. Shares of the company fell to $0.7554 on 08/22/23, the lowest level in the past month. A 52-week high of $5.69 was reached on 05/22/23 after having rallying from a 52-week low of $0.57. Since the beginning of this year, TIO’s stock price has risen by 68.67% or $0.5700, and marked a new high 36 times. However, the stock has declined by -75.40% since its 52-week high.
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Valuation Metrics
Right now, Tingo Group Inc. (TIO) has a P/E ratio of about 31.11. The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 0.24, the price-to-book (PB) ratio of 0.25, and the price-to-cash flow ratio of 0.90 may also be considered.
Financial Health
In the three months ended March 30, Tingo Group Inc.’s quick ratio stood at 2.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.22, and the total debt-to-equity ratio was 0.22. On the profitability front, the trailing twelve-month gross margin is 45.60% percent. In the year ended March 30, EBITDA margin amounted to 19.25%, whereas operating margins totaled 26.20%. Based on annual data, TIO earned $64.79 million in gross profit and brought in $146.03 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.40%. Return on equity (ROE) for the past 12 months was 28.60%.
In Tingo Group Inc.’s quarter-end financial report for March 30, it reported total debt of $0.38 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TIO’s revenue rose 98.88% to $110.76 million during the quarter, while net income inched up to $851.25 million. While analysts expected Tingo Group Inc. to report $0.28 quarterly earnings, the actual figure was $0.33 per share, beating the consensus estimate by 17.90%. During the quarter, the company generated $371.73 million in EBITDA. The liabilities of Tingo Group Inc. were 897.48 million at the end of its most recent quarter ended March 30, and its total debt was $207.92 million. The value of shareholders’ equity is $163.73 million.
Technical Picture
This quick technical analysis looks at Tingo Group Inc.’s (TIO) price momentum. With a historical volatility rate of 336.83%, the RSI 9-day stood at 62.80% on 30 August.
With respect to its five-day moving average, the current Tingo Group Inc. price is up by +29.63% percent or $0.3200. At present, TIO shares trade -4.11% below its 20-day simple moving average and +15.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.94% above its SMA50 and +81.82% above its SMA200.
Stochastic coefficient K was 42.85% and Stochastic coefficient D was 25.29%, while ATR was 0.1929. Given the Stochastic reading of 96.99% for the 14-day period, the RSI (14) reading has been calculated as 56.54%. As of today, the MACD Oscillator reading stands at 0.0132, while the 14-day reading stands at -0.0435.
Analyst Ratings
Tingo Group Inc. (TIO) has been rated Buy by analysts. According to 0 brokerage firms, TIO is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Tingo Group Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $11.75, the current consensus forecast for the stock is $11.75 – $11.75. Based on these forecasts, analysts predict Tingo Group Inc. (TIO) will achieve an average price target of $11.75.
