Tingo Group Inc (NASDAQ:TIO) saw an upside of 2.06% to close Monday at $1.24 after adding $0.02 on the day. The 5-day average trading volume is 2,020,780 shares of the company’s common stock. It has gained $1.3899 in the past week and touched a new high 1 time within the past 5 days. An average of 10,810,069 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,855,936.
TIO’s 1-month performance is 33.85% or $0.3279 on its low of $0.8300 reached on 08/29/23. The company’s shares have touched a 52-week low of $0.57 and high of $5.69, with the stock’s rally to the 52-week high happening on 05/22/23. YTD, TIO has achieved 49.40% or $0.4100 and has reached a new high 36 times. However, the current price is down -78.21% from the 52-week high price.
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Valuation Metrics
TIO stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.13 while the price-to-book (PB) in the most recent quarter is 0.39.
Tingo Group Inc’s quick ratio for the recent period was 1.52, with the current ratio over the same period at 2.00. In terms of profitability, the gross margin trailing 12 months is 39.25%. The trailing 12-month EBITDA margin is 19.25%. The firm’s gross profit as reported stood at $64.79 million against revenue of $146.03 million.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 114.86% to $96.51 million, while revenue of $176.74 million was -83.13% off the previous quarter. EBITDA for the quarter stood at more than $283.92 million. TIO stock balance sheet for the recent quarter shows that total liabilities totaled 608.53 million, with total debt at $209.42 million. Shareholders hold equity totaling $205.22 million.
Let’s look briefly at Tingo Group Inc (TIO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 50.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 83.38%.
The stock’s 5-day moving average is $1.2770, reflecting a -8.15% or -$0.1100 change from its current price. TIO is currently trading +35.95% above its 20-day SMA, -52.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.79% and SMA200 by+14.81%.
Stochastic %K and %D was 63.05% and 56.21% and the average true range (ATR) pointed at 0.1378. The RSI (14) points at 50.21%, while the 14-day stochastic is at 61.86% with the period’s ATR at 0.1543. The stock’s 9-day MACD Oscillator is pointing at -0.0467 and 0.0054 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for TIO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TIO as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is TIO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.75 and a high of $11.75, with their median price target at $11.75. Looking at these predictions, the average price target given by analysts is for Tingo Group Inc (TIO) stock is $11.75.
