NFT Ltd. [MI] stock is trading at $0.21, up 0.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The MI shares have gain 6.00% over the last week, with a monthly amount glided 17.58%, and seem to be holding up well over a long-time horizon.
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On 22, September 2023, NFT LTD. ANNOUNCES RECEIPT OF NYSE AMERICAN CONTINUED LISTING STANDARD NONCOMPLIANCE NOTICE. In a post published today on Yahoo Finance, NFT Ltd. (NYSE American: MI) (“Company” or “NFT”, formerly known as Takung Art Co., Ltd.), as an emerging online trading platform operator of international art and collectibles, today announced that it had received a deficiency letter (“Letter”) from NYSE American LLC (“NYSE American” or the “Exchange”) on September 19, 2023 stating that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide (“Company Guide”).
From an analyst’s perspective:
NFT Ltd. [MI] stock has fluctuated between $0.12 and $0.95 over the past year. NFT Ltd. [AMEX: MI] shares were valued at $0.21 at the most recent close of the market.
Analyzing the MI fundamentals
NFT Ltd. [AMEX:MI] reported sales of 3.98M for the trailing twelve months, which represents a drop of -17.20%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.1960 points at the first support level, and at 0.1801 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.2319, and for the 2nd resistance point, it is at 0.2519.
NFT Ltd. [MI] reported earnings per share of -$0.23 for its fiscal quarter that ended on 9/29/2018. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of -$0.28 and a surprise factor of -560.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2018 were -$0.1 per share as compared to estimates of $0.02 per share, a difference of -$0.12 representing a surprise of -600.00%.
Ratios To Look Out For
For context, NFT Ltd.’s Current Ratio is 6.95. On the other hand, the Quick Ratio is 6.95, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.86, the price to book ratio is 0.13 and price to earnings (TTM) ratio is 2.15.
