The stock of Marti Technologies Inc. (AMEX: MRT) has increased by 12.31 when compared to last closing price of 1.30.Despite this, the company has seen a gain of 10.61% in its stock price over the last five trading days. Business Wire reported 2024-04-12 that ISTANBUL–(BUSINESS WIRE)–Marti Technologies, Inc. (“Marti”) (NYSE American: MRT), Türkiye’s leading mobility super app, will announce its full year 2023 financial and operational results before the U.S. markets open on Tuesday, April 16, 2024. Conference Call and Webcast Details Marti’s management will host an analyst and investor conference call and live webcast to discuss its financial results at 3:30 p.m. Istanbul / 1:30 p.m. London / 8:30 a.m. New York time on Tuesday, April 16, 2024. Liv.
Is It Worth Investing in Marti Technologies Inc. (AMEX: MRT) Right Now?
Marti Technologies Inc. (AMEX: MRT) has a price-to-earnings ratio of 21.69x that is above its average ratio. Additionally, the 36-month beta value for MRT is 0.06. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 1 rating it as “sell.”
The public float for MRT is 13.38M and currently, short sellers hold a 1.71% ratio of that float. The average trading volume of MRT on April 17, 2024 was 201.35K shares.
MRT’s Market Performance
MRT stock saw an increase of 10.61% in the past week, with a monthly gain of 81.59% and a quarterly increase of 72.88%. The volatility ratio for the week is 12.46%, and the volatility levels for the last 30 days are 13.55% for Marti Technologies Inc. (MRT). The simple moving average for the past 20 days is 49.12% for MRT’s stock, with a 21.27% simple moving average for the past 200 days.
MRT Trading at 65.38% from the 50-Day Moving Average
After a stumble in the market that brought MRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.76% of loss for the given period.
Volatility was left at 13.55%, however, over the last 30 days, the volatility rate increased by 12.46%, as shares surge +82.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +78.09% upper at present.
During the last 5 trading sessions, MRT rose by +10.61%, which changed the moving average for the period of 200-days by -85.54% in comparison to the 20-day moving average, which settled at $1.0121. In addition, Marti Technologies Inc. saw 124.62% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MRT
The total capital return value is set at -0.01. Equity return is now at value 0.85, with 0.81 for asset returns.
Currently, EBITDA for the company is -0.84 million with net debt to EBITDA at 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, Marti Technologies Inc. (MRT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
