In the past week, MINM stock has gone down by -21.07%, with a monthly decline of -28.26% and a quarterly surge of 87.30%. The volatility ratio for the week is 12.79%, and the volatility levels for the last 30 days are 10.51% for Minim Inc The simple moving average for the past 20 days is -21.75% for MINM’s stock, with a 50.16% simple moving average for the past 200 days.
Is It Worth Investing in Minim Inc (NASDAQ: MINM) Right Now?
MINM has 36-month beta value of 2.88. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MINM is 1.23M, and currently, short sellers hold a 7.56% ratio of that float. The average trading volume of MINM on April 17, 2024 was 2.87M shares.
MINM) stock’s latest price update
Minim Inc (NASDAQ: MINM) has experienced a decline in its stock price by -10.57 compared to its previous closing price of 5.11. However, the company has seen a fall of -21.07% 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%.
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 -13.76% 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 -67.36% of loss for the given period.
Volatility was left at 10.51%, however, over the last 30 days, the volatility rate increased by 12.79%, as shares sank -24.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.89% lower at present.
During the last 5 trading sessions, MINM fell by -21.07%, which changed the moving average for the period of 200-days by +10.39% in comparison to the 20-day moving average, which settled at $5.77. In addition, Minim Inc saw 131.98% 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 -58077.88. Equity return is now at value -214.26, with -81.41 for asset returns.
Based on Minim Inc (MINM), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 215.42. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is -67.75.
Currently, EBITDA for the company is -17.21 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 9574.87for trailing twelve months and the total asset turnover is 543.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
Conclusion
To put it simply, Minim Inc (MINM) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
