As of Thursday close, Minim Inc.’s (NASDAQ:MINM) stock was up $0.47, moving up 32.19 percent to $1.93. The average number of shares traded per day over the past five days has been 1,375,800 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.1300 fall in that time frame. In the last twenty days, the average volume was 363,040, while in the previous 50 days, it was 208,612.
Since last month, MINM stock retreated -44.06%. Shares of the company fell to $1.3339 on 08/28/23, the lowest level in the past month. A 52-week high of $14.00 was reached on 05/02/23 after having rallying from a 52-week low of $1.33. Since the beginning of this year, MINM’s stock price has dropped by -58.94% or -$2.7700, and marked a new high 12 times. However, the stock has declined by -86.21% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.51. Besides these, the trailing price-to-sales (P/S) ratio of 0.08, the price-to-book (PB) ratio of 0.22.
Financial Health
In the three months ended December 30, Minim Inc.’s quick ratio stood at 0.30, while its current ratio was 2.10, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 23.60% percent. In the year ended December 30, EBITDA margin amounted to -28.34%, whereas operating margins totaled -29.80%. Based on annual data, MINM earned $11.93 million in gross profit and brought in $50.62 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 -68.60%. Return on equity (ROE) for the past 12 months was -68.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MINM’s revenue fell -9.08% to $13.83 million during the quarter, while net income inched up to $13.65 million. While analysts expected Minim Inc. to report -$1.25 quarterly earnings, the actual figure was -$2.25 per share. During the quarter, the company generated -$3.9 million in EBITDA. The liabilities of Minim Inc. were 14.62 million at the end of its most recent quarter ended December 30, and its total debt was $5.93 million. The value of shareholders’ equity is $1.89 million.
Technical Picture
This quick technical analysis looks at Minim Inc.’s (MINM) price momentum. With a historical volatility rate of 215.23%, the RSI 9-day stood at 38.50% on 31 August.
With respect to its five-day moving average, the current Minim Inc. price is down by -6.31% percent or -$0.1300. At present, MINM shares trade -40.43% below its 20-day simple moving average and -23.26% percent below its 100-day simple moving average. However, the stock is currently trading approximately -54.05% below its SMA50 and -56.38% below its SMA200.
Stochastic coefficient K was 13.82% and Stochastic coefficient D was 8.20%, while ATR was 0.4206. Given the Stochastic reading of 27.65% for the 14-day period, the RSI (14) reading has been calculated as 36.00%. As of today, the MACD Oscillator reading stands at -0.3267, while the 14-day reading stands at -0.6303.
Analyst Ratings
B. Riley Securities launched its rating on Minim Inc. (NASDAQ: MINM) to a Buy in a note to investors on August 06, 2021. Minim Inc. (MINM) has been rated Buy by analysts. According to 0 brokerage firms, MINM 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 Minim Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $0.35, the current consensus forecast for the stock is $0.35 – $0.35. Based on these forecasts, analysts predict Minim Inc. (MINM) will achieve an average price target of $0.35.
