Here’s Why Molecular Data Inc. (NASDAQ:MKD) is an Attractive Investment Right Now

The trading price of Molecular Data Inc. (NASDAQ:MKD) closed lower on Tuesday, Apr 06, closing at $1.07, 0% lower than its previous close.

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Traders who pay close attention to intraday price movement should know that it fluctuated between $1.0400 and $1.0757. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $3.89 and a 52-week low of $0.78. Over the past month, the stock has suffered -15.08% in value.

On the technical side, indicators suggest MKD has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Sell.

To see how Molecular Data Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: MKD stock’s performance was 0% in the latest trading, and -38.51% in the past year, while Spotify Technology S.A. (SPOT) has traded +3.31% on the day and positioned +131.2% higher than it was a year ago. Another comparable company Thomson Reuters Corp (TRI) saw its stock close 0.01% higher in the most recent trading session but was up +36.36% in a year. Furthermore, Rocket Companies Inc Cl A (RKT) showed a decline of 0% on the day while its price kept declining at -38.51% over the past year. Molecular Data Inc. has a P/E ratio of 0, compared to Spotify Technology S.A.’s 0 and Thomson Reuters Corp’s 39.26. Also in last trading session, the S&P 500 Index has soared -0.1%, while the Dow Jones Industrial also saw a negative seesion, down -0.29% on the day.

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Currently, records show that 135.46 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 23.1%. The stats also highlight that short interest as of March 14, 2021, stood at 1.82 Million shares, resulting in a short ratio of 0.5 at that time. From this, we can conclude that short interest is 1.34% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 1.57 Million. However, since the stock’s price has seen +27.38% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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