Singing Machine Co., Inc. [NASDAQ: MICS] slipped around -0.42 points on Wednesday, while shares priced at $1.46 at the close of the session, down -22.34%.
Compared to the average trading volume of 38.36K shares, MICS reached a trading volume of 6427744 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Singing Machine Co., Inc. [MICS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MICS shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MICS stock is a recommendation set at 1.00. 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.
The Average True Range (ATR) for Singing Machine Co., Inc. is set at 0.23, with the Price to Sales ratio for MICS stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 0.64. Price to Free Cash Flow for MICS in the course of the last twelve months was 4.30 with Quick ratio for the last quarter at 0.85.
How has MICS stock performed recently?
Singing Machine Co., Inc. [MICS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.12. With this latest performance, MICS shares gained by 49.54% in over the last four-week period, additionally plugging by 35.17% over the last 6 months – not to mention a rise of 3.55% 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 MICS stock in for the last two-week period is set at 52.39, with the RSI for the last a single of trading hit 46.65, and the three-weeks RSI is set at 54.85 for Singing Machine Co., Inc. [MICS]. The present Moving Average for the last 50 days of trading for this stock 1.1256, while it was recorded at 1.7620 for the last single week of trading, and 1.0058 for the last 200 days.
Singing Machine Co., Inc. [MICS]: Deeper insight into the fundamentals
Singing Machine Co., Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.46.
Insider trade positions for Singing Machine Co., Inc. [MICS]
The top three institutional holders of MICS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in MICS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in MICS stock with ownership which is approximately 5.8386%.
