Micromobility.com Inc. (NASDAQ:MCOM) saw a downside of -12.04% to close Tuesday at $0.06 after subtracting -$0.01 on the day. The 5-day average trading volume is 16,558,439 shares of the company’s common stock. It has gained $0.0880 in the past week and touched a new high 2 times within the past 5 days. An average of 16,994,766 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,049,600.
MCOM’s 1-month performance is -44.57% or -$0.0525 on its low of $0.0631 reached on 08/08/23. The company’s shares have touched a 52-week low of $0.07 and high of $119.50, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, MCOM has lost -99.01% or -$6.4607 and has reached a new high 8 times. However, the current price is down -99.95% from the 52-week high price.
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Valuation Metrics
MCOM stock has a beta of 0.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.47.
Micromobility.com Inc.’s quick ratio for the period ended September 29 was 0.10, with the current ratio over the same period at 0.10. The trailing 12-month EBITDA margin is -348.66%. 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 0.77% to -$19.55 million, while revenue of -$9.46 million was 51.61% 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 -$13.22 million. MCOM stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 75.64 million, with total debt at $41.39 million. Shareholders hold equity totaling $11.11 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 08 August was 21.01% to suggest the stock is trending oversold, with historical volatility in this time period at 102.16%.
The stock’s 5-day moving average is $0.0771, reflecting a -21.20% or -$0.0173 change from its current price. MCOM is currently trading -41.55% above its 20-day SMA, -98.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -83.32% and SMA200 by-99.62%.
Stochastic %K and %D was 7.52% and 14.83% and the average true range (ATR) pointed at 0.0120. The RSI (14) points at 20.84%, while the 14-day stochastic is at 2.56% with the period’s ATR at 0.0184. The stock’s 9-day MACD Oscillator is pointing at -0.0068 and -0.0096 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 $13.00 and a high of $13.00, with their median price target at $13.00. Looking at these predictions, the average price target given by analysts is for Micromobility.com Inc. (MCOM) stock is $13.00.
