Mill City Ventures III Ltd (NASDAQ:MCVT) traded at $2.24 at last check on current trade day and made a downward move of -27.95% on its previous day’s price.
Looking at the stock we see that its previous close was $3.11 and the beta (5Y monthly) reads 0.989 with the day’s price range being $1.9 – $3.2919. The company has a trailing 12-month PE ratio of 41.04. In terms of its 52-week price range, MCVT has a high of $3.88 and a low of $1.75. The company’s stock has gained about 17.32% over that past 30 days.
Mill City Ventures III Ltd has a market cap of $14.31 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the MCVT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Looking further, we note the current price level is 9.80% off its SMA20 and 11.53% from its 50-day simple moving average. The RSI (14) is pointing at 53.82 while the volatility over the past week is 9.97% and jumps to 4.97% over the past one month. The beta value is 0.94, while the average true range (ATR) is currently pointing at 0.25.
Coming back to Mill City Ventures III Ltd (NASDAQ:MCVT), we note that the average 3-month trading volume was 42.87K, while that of the preceding 10-day period stands at 0.16 million. Current shares outstanding are 6.39 million.
The insiders hold 72.04% of the company’s shares while institutions hold 0.44%. The data shows that short shares as of 2024-10-31, stood at 6341.0 at a short ratio of 0.36. This represents a 21.00 short interest in shares outstanding on 2024-10-31. Shares short fall in October from the previous month at 9008.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 14.79% up in year-to-date price movement.
