Minim Inc. [MINM] Stock trading around $0.12 per share: What’s Next?

Minim Inc. [NASDAQ: MINM] gained 24.25% on the last trading session, reaching $0.12 price per share at the time. The company report on April 7, 2023 that Minim Announces CEO Transition.

Jeremy Hitchcock, Executive Chairman of Minim, commented, “On behalf of the board, I want to thank Mehul for his service and contributions to Minim and wish him well in his next chapter.”.

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Minim Inc. represents 46.53 million in outstanding shares, while the company has a total market value of $5.60 million with the latest information. MINM stock price has been found in the range of $0.0966 to $0.18.

If compared to the average trading volume of 1.00M shares, MINM reached a trading volume of 9961523 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Minim Inc. [MINM]:

B. Riley Securities have made an estimate for Minim Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 06, 2021.

The Average True Range (ATR) for Minim Inc. is set at 0.02, with the Price to Sales ratio for MINM stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.28, with the Price to Cash per share for the same quarter was set at 0.03.

Trading performance analysis for MINM stock

Minim Inc. [MINM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 43.68. With this latest performance, MINM shares dropped by -6.65% in over the last four-week period, additionally sinking by -60.94% over the last 6 months – not to mention a drop of -82.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MINM stock in for the last two-week period is set at 48.71, with the RSI for the last a single of trading hit 55.27, and the three-weeks RSI is set at 45.91 for Minim Inc. [MINM]. The present Moving Average for the last 50 days of trading for this stock 0.1694, while it was recorded at 0.1000 for the last single week of trading, and 0.2415 for the last 200 days.

Minim Inc. [MINM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Minim Inc. [MINM] shares currently have an operating margin of -29.72 and a Gross Margin at +23.56. Minim Inc.’s Net Margin is presently recorded at -30.72.

Return on Equity for this stock declined to -66.41, with Return on Assets sitting at -36.47.

Minim Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 2.00.

An analysis of insider ownership at Minim Inc. [MINM]

There are presently around $0 million, or 7.40% of MINM stock, in the hands of institutional investors. The top three institutional holders of MINM stocks are: B. RILEY FINANCIAL, INC. with ownership of 1,565,364, which is approximately 0% of the company’s market cap and around 0.60% of the total institutional ownership; B. RILEY SECURITIES, INC., holding 1,565,364 shares of the stock with an approximate value of $0.16 million in MINM stocks shares; and VANGUARD GROUP INC, currently with $72000.0 in MINM stock with ownership of nearly -9.075% of the company’s market capitalization.

Positions in Minim Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 8 institutional holders increased their position in Minim Inc. [NASDAQ:MINM] by around 1,659,323 shares. Additionally, 12 investors decreased positions by around 964,961 shares, while 6 investors held positions by with 1,510,259 shares. The mentioned changes placed institutional holdings at 4,134,543 shares, according to the latest SEC report filing. MINM stock had 5 new institutional investments in for a total of 1,647,734 shares, while 8 institutional investors sold positions of 864,011 shares during the same period.


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