Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL) traded at $1.28 at last check on Friday, Nov 20, making an upward move of 3.21% on its previous day’s price.
Looking at the stock we see that its previous close was $1.24 and the beta (5Y monthly) reads 1.08 with the day’s price range being $1.1859 – 1.3000. The company has a 12-month trailing PE ratio of 0. In terms of its 52-week price range, MTSL has a high of $2.38 and a low of $0.75. The company’s stock has gained about -3.77% over that past 30 days.
On the other hand, looking at the outlook for the MTSL stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Buy.
Let’s briefly compare Mer (MTSL) stock to its peers. We find that today’s price change of +3.21% and +16.18% over the past 12 months for MTSL competes that of Corning Inc (GLW), which has seen its stock price fall -0.08% in the latest trading session and is +27.15% over the last one year. Another of its peers Arista Networks Inc (ANET) has dropped -1.6% today, and is +39.84% up over the past year, while Altice USA Inc Cl A (ATUS) is also up 3.21% yet its price remains in the green at 16.18% over the same period. Corning has a P/E ratio of 176.21 compared to Mer’s 0 and Arista’s 30.07. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Mer Telemanagement Solutions Ltd. (NASDAQ:MTSL), we note that the average 3-month trading volume was 176.11 Million, while that of the preceding 10-day period stands at 73.3 Million. Current shares outstanding are 4.41 Million.
According to data from Thomson Reuters, insiders hold 26.13% of the company’s shares while institutions hold 5.15%. The data shows that short shares as of October 29, 2020, stood at 19.05 Million at a short ratio of 0.12. This represents a 0.43% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 11.77 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +24.25% up in year-to-date price movement.