Micromobility.com Inc (NASDAQ:MCOM) saw a downside of -7.70% to close Monday at $0.06 after subtracting -$0.01 on the day. The 5-day average trading volume is 45,630,879 shares of the company’s common stock. It has gained $0.0790 in the past week and touched a new high 1 time within the past 5 days. An average of 38,281,824 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 28,148,383.
MCOM’s 1-month performance is -8.26% or -$0.0189 on its low of $0.0601 reached on 09/25/23. The company’s shares have touched a 52-week low of $0.06 and high of $27.70, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, MCOM has lost -99.06% or -$6.4639 and has reached a new high 8 times. However, the current price is down -99.78% from the 52-week high price.
Valuation Metrics
MCOM stock has a beta of 0.41. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.57.
Micromobility.com Inc’s quick ratio for the period ended September 29 was 0.09, with the current ratio over the same period at 0.09. In terms of profitability, the gross margin trailing 12 months is -185.36%. The trailing 12-month EBITDA margin is -348.66% while for the period ending September 29, Micromobility.com Inc’s operating margin was -388.14%. The firm’s gross profit as reported stood at -$26.09 million against revenue of $15.54 million.
Earnings Surprise
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 42.31% to -$34.22 million, while revenue of -$19.55 million was 42.87% off the previous quarter. Analysts expected MCOM to announce -$0.2 per share in earnings in its latest quarter, but it posted -$1.09, representing a -445.00% surprise. EBITDA for the quarter stood at more than -$30.2 million. MCOM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 69.79 million, with total debt at $34.83 million. Shareholders hold equity totaling $130.73 million.
Let’s look briefly at Micromobility.com Inc (MCOM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 39.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 151.18%.
The stock’s 5-day moving average is $0.0672, reflecting a -9.35% or -$0.0063 change from its current price. MCOM is currently trading -23.63% above its 20-day SMA, -93.89% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -40.85% and SMA200 by-99.40%.
Stochastic %K and %D was 10.70% and 20.31% and the average true range (ATR) pointed at 0.0092. The RSI (14) points at 40.74%, while the 14-day stochastic is at 4.05% with the period’s ATR at 0.0105. The stock’s 9-day MACD Oscillator is pointing at -0.0055 and -0.0052 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for MCOM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate MCOM 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 MCOM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $650.00 and a high of $650.00, with their median price target at $650.00. Looking at these predictions, the average price target given by analysts is for Micromobility.com Inc (MCOM) stock is $650.00.
