B. Riley Securities lifts Minim Inc. [MINM] price estimate. Who else is bullish?

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Minim Inc. [NASDAQ: MINM] gained 32.19% on the last trading session, reaching $1.93 price per share at the time. The company report on August 10, 2023 at 4:30 PM that Minim Announces CFO Resignation and Transition Plan.

Minim has launched a formal search process to identify Mr. Tacker’s permanent replacement. In the interim, inquiries and referrals may be sent to investor@minim.com.

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Minim Inc. represents 1.87 million in outstanding shares, while the company has a total market value of $4.15 million with the latest information. MINM stock price has been found in the range of $1.484 to $2.68.

If compared to the average trading volume of 88.16K shares, MINM reached a trading volume of 6634955 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]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MINM shares is $8.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MINM stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

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 0.40, with the Price to Sales ratio for MINM stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.22, with the Price to Cash per share for the same quarter was set at 0.23.

Trading performance analysis for MINM stock

Minim Inc. [MINM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.31. With this latest performance, MINM shares dropped by -44.06% in over the last four-week period, additionally sinking by -59.37% over the last 6 months – not to mention a drop of -77.63% 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 36.00, with the RSI for the last a single of trading hit 38.50, and the three-weeks RSI is set at 36.63 for Minim Inc. [MINM]. The present Moving Average for the last 50 days of trading for this stock 3.3456, while it was recorded at 1.6280 for the last single week of trading, and 3.9890 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 Total Capital for MINM is now -51.79, given the latest momentum, and Return on Invested Capital for the company is -66.23. Return on Equity for this stock declined to -66.41, with Return on Assets sitting at -36.47. When it comes to the capital structure of this company, Minim Inc. [MINM] has a Total Debt to Total Equity ratio set at 36.29. Additionally, MINM Total Debt to Total Capital is recorded at 26.63, with Total Debt to Total Assets ending up at 19.16. Long-Term Debt to Equity for the company is recorded at 0.14, with the Long-Term Debt to Total Capital now at 0.10.

Reflecting on the efficiency of the workforce at the company, Minim Inc. [MINM] managed to generate an average of -$167,196 per employee. Receivables Turnover for the company is 13.25 with a Total Asset Turnover recorded at a value of 1.19.Minim Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 2.10.

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

The top three institutional holders of MINM stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in MINM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in MINM stock with ownership which is approximately 5.7381%.

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