As of Thursday close, Micromobility.com Inc.’s (NASDAQ:MCOM) stock traded at $0.07. The average number of shares traded per day over the past five days has been 74,206,500 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0025 gain in that time frame. In the last twenty days, the average volume was 34,531,344, while in the previous 50 days, it was 25,279,080.
Since last month, MCOM stock retreated -14.69%. Shares of the company fell to $0.0579 on 08/23/23, the lowest level in the past month. A 52-week high of $37.44 was reached on 01/24/23 after having rallying from a 52-week low of $0.06. Since the beginning of this year, MCOM’s stock price has dropped by -98.94% or -$6.4559, and marked a new high 8 times. However, the stock has declined by -99.82% since its 52-week high.
MCOM stock investors should be aware that Micromobility.com Inc. (MCOM) stock had its last reported insider trading activity 114 days ago on May 10. Palella Salvatore, the Chief Executive Officer of the company, purchased of 15,722 shares for $0.69 on May 10. It resulted in a $10,845 investment by the insider.
Financial Health
In the three months ended September 29, Micromobility.com Inc.’s quick ratio stood at 0.10, while its current ratio was 0.10, showing that the company is not able to pay off its debt. Based on annual data, MCOM earned -$26.09 million in gross profit and brought in $15.54 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MCOM’s revenue fell -24.57% to $3.92 million during the quarter, while net income inched up to $3.5 million. While analysts expected Micromobility.com Inc. to report -$0.2 quarterly earnings, the actual figure was -$1.09 per share, beating the consensus estimate by -445.00%. During the quarter, the company generated -$30.2 million in EBITDA. The liabilities of Micromobility.com Inc. were 69.79 million at the end of its most recent quarter ended September 29, and its total debt was $34.83 million. The value of shareholders’ equity is $130.73 million.
Technical Picture
This quick technical analysis looks at Micromobility.com Inc.’s (MCOM) price momentum. With a historical volatility rate of 171.70%, the RSI 9-day stood at 46.03% on 31 August.
With respect to its five-day moving average, the current Micromobility.com Inc. price is up by +3.75% percent or $0.0025. At present, MCOM shares trade -20.39% below its 20-day simple moving average and -96.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -56.54% below its SMA50 and -99.34% below its SMA200.
Stochastic coefficient K was 26.30% and Stochastic coefficient D was 32.15%, while ATR was 0.0142. Given the Stochastic reading of 21.09% for the 14-day period, the RSI (14) reading has been calculated as 40.94%.
