The trading price of Massimo Group (NASDAQ:MAMO) closed lower on Friday, January 17, and closing at $2.73, -10.20% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.72 and $2.97. The company’s P/E ratio in the trailing 12-month period was 15.18. In examining the 52-week price action we see that the stock hit a 52-week high of $4.66 and a 52-week low of $2.42. Over the past month, the stock has gained 5.00% in value.
Massimo Group, whose market valuation is $112.97 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that MAMO’s price is currently 3.47% off the SMA20 and -9.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.39, and weekly volatility stands at 10.35%. When measured over the past 30 days, the indicator reaches 9.95%. Massimo Group (NASDAQ:MAMO)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.28.
To see how Massimo Group stock has been performing in comparison to its peers in the industry, here are the numbers: MAMO stock’s performance was -10.20% in the latest trading. Massimo Group has a P/E ratio of 15.18.
An evaluation of the daily trading volume of Massimo Group (NASDAQ:MAMO) indicates that the 3-month average is 134.70K. However, this figure has increased over the past 10 days to an average of 53820.0.
Currently, records show that 41.33 million of the company’s shares remain outstanding. The insiders hold 88.44% of outstanding shares, whereas institutions hold 0.03%. The stats also highlight that short interest as of 2024-10-31, stood at 13735.0 shares, resulting in a short ratio of 0.15 at that time. From this, we can conclude that short interest is 28.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 13255.0. However, since the stock’s price has seen 6.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
