Minim Inc (NASDAQ: MINM)’s stock price has soared by 13.88 in relation to previous closing price of 5.26. Nevertheless, the company has seen a gain of 2.74% in its stock price over the last five trading days. Invezz reported 2024-03-13 that Shiftpixy (PIXY) and Minim (MINM) stock prices surged hard this week in a high-volume environment. PIXY jumped by more than 58% in the pre-market while Minim soared by over 42%.
Is It Worth Investing in Minim Inc (NASDAQ: MINM) Right Now?
The 36-month beta value for MINM is at 2.86. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MINM is 1.12M, and currently, shorts hold a 22.15% of that float. The average trading volume for MINM on April 09, 2024 was 2.94M shares.
MINM’s Market Performance
The stock of Minim Inc (MINM) has seen a 2.74% increase in the past week, with a 13.88% rise in the past month, and a 55.58% gain in the past quarter. The volatility ratio for the week is 10.07%, and the volatility levels for the past 30 days are at 13.76% for MINM. The simple moving average for the past 20 days is 1.79% for MINM’s stock, with a 99.54% simple moving average for the past 200 days.
Analysts’ Opinion of MINM
Many brokerage firms have already submitted their reports for MINM stocks, with B. Riley Securities repeating the rating for MINM by listing it as a “Buy.” The predicted price for MINM in the upcoming period, according to B. Riley Securities is $4 based on the research report published on August 06, 2021 of the previous year 2021.
MINM Trading at 20.06% from the 50-Day Moving Average
After a stumble in the market that brought MINM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.21% of loss for the given period.
Volatility was left at 13.76%, however, over the last 30 days, the volatility rate increased by 10.07%, as shares surge +13.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +168.61% upper at present.
During the last 5 trading sessions, MINM rose by +2.74%, which changed the moving average for the period of 200-days by +42.62% in comparison to the 20-day moving average, which settled at $5.92. In addition, Minim Inc saw 204.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MINM starting from HITCHCOCK ELIZABETH CASH, who purchase 743,343 shares at the price of $1.51 back on Dec 06 ’23. After this action, HITCHCOCK ELIZABETH CASH now owns 743,343 shares of Minim Inc, valued at $1,122,448 using the latest closing price.
HITCHCOCK JEREMY P., the Executive Chairman of Minim Inc, purchase 743,343 shares at $1.51 during a trade that took place back on Dec 06 ’23, which means that HITCHCOCK JEREMY P. is holding 743,343 shares at $1,122,448 based on the most recent closing price.
Stock Fundamentals for MINM
Current profitability levels for the company are sitting at:
- -1.0 for the present operating margin
- 1.0 for the gross margin
The net margin for Minim Inc stands at -1.02. The total capital return value is set at -7646.66. Equity return is now at value -201.99, with -75.29 for asset returns.
Based on Minim Inc (MINM), the company’s capital structure generated 0.93 points at debt to capital in total, while cash flow to debt ratio is standing at 1.54. The debt to equity ratio resting at 14.38. The interest coverage ratio of the stock is -67.6.
Currently, EBITDA for the company is -15.05 million with net debt to EBITDA at -0.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.0. The receivables turnover for the company is 2242.16for trailing twelve months and the total asset turnover is 440.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
In conclusion, Minim Inc (MINM) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
