Micromobility.com Inc (NASDAQ:MCOM) finished Thursday with a subtraction of $0.0 to close at $0.06, a downside of -1.24 percent. An average of 36,960,980 shares of common stock have been traded in the last five days. There was a fall of -$0.0097 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 30,456,420 shares traded, while the 50-day average volume stands at 30,015,777.
MCOM stock has decreased by -25.23% in the last month. The company shares reached their 1-month lowest point of $0.0551 on 09/27/23. With the stock rallying to its 52-week high on 01/24/23, shares of the company touched a low of $0.06 and a high of $27.70 in 52 weeks. It has reached a new high 8 times so far this year and lost -99.15% or -$6.4693 in price. In spite of this, the price is down -99.80% from the 52-week high.
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Valuation Metrics
Micromobility.com Inc (MCOM) stock’s beta is 0.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.52.
Financial Health
The quick ratio of Micromobility.com Inc for the three months ended September 29 was 0.09, and the current ratio was 0.09, indicating that the company is not able to meet its debt obligations. Micromobility.com Inc’s EBITDA margin for the year ending September 29 is -348.66%, while its operating margin for the same period stands at -388.14%. Its gross profit as reported stood at -$26.09 million compared to revenue of $15.54 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Micromobility.com Inc’s return on assets was -391.61%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$34.22 million in the quarter, while revenues of -$19.55 million were grew 42.31%. The analyst consensus anticipated Micromobility.com Inc’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$1.09, a -445.00% surprise. For the quarter, EBITDA amounted to -$30.2 million. Shareholders own equity worth $130.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Micromobility.com Inc (MCOM) price momentum. RSI 9-day as of the close on 28 September was 34.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 114.10%.
As of today, MCOM’s price is $0.0598 -14.83% or -$0.0097 from its 5-day moving average. MCOM is currently trading -22.64% lower than its 20-day SMA and -93.11% lower than its 100-day SMA. However, the stock’s current price level is -43.16% below the SMA50 and -99.46% below the SMA200.
The stochastic %K and %D were 4.00% and 5.72%, respectively, and the average true range (ATR) was 0.0080. With the 14-day stochastic at 2.02% and the average true range at 0.0094, the RSI (14) stands at 37.65%. The stock has reached -0.0067 on the 9-day MACD Oscillator while the 14-day reading was at -0.0099.
Analyst Ratings
The consensus rating for Micromobility.com Inc (MCOM) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MCOM, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is MCOM’s price target for the next 12 months?
Analysts predict a range of price targets between $650.00 and $650.00, with a median target of $650.00. Taking a look at these predictions, the average price target given by analysts for Micromobility.com Inc (MCOM) stock is $650.00.
