Micromobility.com Inc. (NASDAQ:MCOM) shares, rose in value on Thursday, 05/25/23, with the stock price down by -12.82% to the previous day’s close as strong demand from buyers drove the stock to $0.39.
Actively observing the price movement in the last trading, the stock closed the session at $0.44, falling within a range of $0.3854 and $0.4469. Referring to stock’s 52-week performance, its high was $119.50, and the low was $0.41. On the whole, MCOM has fluctuated by -64.31% over the past month.
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With the market capitalization of Micromobility.com Inc. currently standing at about $3.63 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 14, 2023 – Aug 18, 2023.
Analysts have estimated the company’s revenue for the quarter at $29 million, with a low estimate of $29 million and a high estimate of $29 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that MCOM’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MCOM currently trading nearly -46.90% and -84.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 16.63, while the 7-day volatility ratio is showing 17.98% which for the 30-day chart, stands at 14.97%. Furthermore, Micromobility.com Inc. (MCOM)’s beta value is 0.75, and its average true range (ATR) is 0.17. The company’s stock has been forecasted to trade at an average price of $13.00 over the course of the next 52 weeks, with a low of $13.00 and a high of $13.00. Based on these price targets, the low is -3233.33% off current price, whereas the price has to move -3233.33% to reach the yearly target high. Additionally, analysts’ median price of $13.00 is likely to be welcomed by investors because it represents a decrease of -3233.33% from the current levels.
Data on historical trading for Micromobility.com Inc. (NASDAQ:MCOM) indicates that the trading volumes over the past 10 days have averaged 1.58 million and over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 7.53 million shares outstanding.
Nearly 8.40% of Micromobility.com Inc.’s shares belong to company insiders and institutional investors own 3.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.34 million shares as on May 14, 2023, resulting in a short ratio of 0.33. According to the data, the short interest in Micromobility.com Inc. (MCOM) stood at 3.44% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 0.68 million. The stock has fallen by -94.09% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCOM stock heading into the next quarter.