Singing Machine Co., Inc. [MICS] stock prices are up 26.99% to $0.75 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MICS shares have gain 59.14% over the last week, with a monthly amount glided 39.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
The stock price of Singing Machine Co., Inc. [MICS] has been fluctuating between $0.35 and $1.97 over the past year. Singing Machine Co., Inc. [NASDAQ: MICS] shares were valued at $0.75 at the most recent close of the market.
Analyzing the MICS fundamentals
The Singing Machine Co., Inc. [NASDAQ:MICS] reported sales of 32.58M for trailing twelve months, representing a drop of -7.05%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.26%, Pretax Profit Margin comes in at -0.4%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -1.0, Equity is -2.3 and Total Capital is -2.54. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.93.
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 0.5923 points at the first support level, and at 0.4342 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9088, and for the 2nd resistance point, it is at 1.0672.
Ratios To Look Out For
It’s worth pointing out that Singing Machine Co., Inc. [NASDAQ:MICS]’s Current Ratio is 1.30. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.22.
Transactions by insiders
Recent insider trading involved Foreman Jay B, Director, that happened on Nov 21 ’23 when 1.1 million shares were purchased. 10% Owner, Stingray Group Inc. completed a deal on Nov 21 ’23 to buy 1.1 million shares.
