Mainz Biomed N.V. (MYNZ) Stock Observes -51.49% 200-Day Moving Average

The stock of Mainz Biomed N.V. (MYNZ) has seen a 9.71% increase in the past week, with a 21.37% gain in the past month, and a -2.59% decrease in the past quarter. The volatility ratio for the week is 7.32%, and the volatility levels for the past 30 days are at 8.89% for MYNZ. The simple moving average for the past 20 days is 11.85% for MYNZ’s stock, with a -51.49% simple moving average for the past 200 days.

Is It Worth Investing in Mainz Biomed N.V. (NASDAQ: MYNZ) Right Now?

The 36-month beta value for MYNZ is also noteworthy at 0.23. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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The public float for MYNZ is 13.12M, and at present, short sellers hold a 2.42% of that float. The average trading volume of MYNZ on April 03, 2024 was 86.94K shares.

MYNZ) stock’s latest price update

The stock price of Mainz Biomed N.V. (NASDAQ: MYNZ) has jumped by 10.78 compared to previous close of 1.02. Despite this, the company has seen a gain of 9.71% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-08 that Mainz Biomed NV (MYNZ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Analysts’ Opinion of MYNZ

H.C. Wainwright, on the other hand, stated in their research note that they expect to see MYNZ reach a price target of $25. The rating they have provided for MYNZ stocks is “Buy” according to the report published on June 21st, 2022.

MYNZ Trading at 13.54% from the 50-Day Moving Average

After a stumble in the market that brought MYNZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.88% of loss for the given period.

Volatility was left at 8.89%, however, over the last 30 days, the volatility rate increased by 7.32%, as shares surge +26.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.63% upper at present.

During the last 5 trading sessions, MYNZ rose by +9.71%, which changed the moving average for the period of 200-days by -77.35% in comparison to the 20-day moving average, which settled at $1.0223. In addition, Mainz Biomed N.V. saw -2.59% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for MYNZ

Current profitability levels for the company are sitting at:

  • -32.62 for the present operating margin
  • 0.47 for the gross margin

The net margin for Mainz Biomed N.V. stands at -33.61. The total capital return value is set at -4.29.

Based on Mainz Biomed N.V. (MYNZ), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at -2.17. The debt to equity ratio resting at 2.94. The interest coverage ratio of the stock is 0.14.

Currently, EBITDA for the company is -25.65 million with net debt to EBITDA at -0.03. When we switch over and look at the enterprise to sales, we see a ratio of 22.61. The receivables turnover for the company is 1.7for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.

Conclusion

In summary, Mainz Biomed N.V. (MYNZ) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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