Moving iMage Technologies Inc. (AMEX: MITQ) has experienced a rise in its stock price by 19.52 compared to its previous closing price of 0.53. However, the company has seen a gain of 30.84% in its stock price over the last five trading days. Business Wire reported 2024-02-12 that FOUNTAIN VALLEY, Calif.–(BUSINESS WIRE)—- $MITQ #entertainment–Moving iMage Technologies (NYSE American: MITQ) will host a conference call discussing financial and operational results for its second quarter fiscal 2024 ended December 31, 2023, on Wednesday, February 14, 2024, at 11:00 a.m. Eastern Time. The earnings release will be posted at roughly 7:00 a.m. Eastern Time on February 14, 2024 and accessible through the Company’s investor relations website at https://investors.movingimagetech.com/. Dial-in and Webca.
Is It Worth Investing in Moving iMage Technologies Inc. (AMEX: MITQ) Right Now?
The 36-month beta value for MITQ is also noteworthy at 0.22.
The public float for MITQ is 7.33M, and at present, short sellers hold a 0.56% of that float. The average trading volume of MITQ on April 19, 2024 was 32.84K shares.
MITQ’s Market Performance
The stock of Moving iMage Technologies Inc. (MITQ) has seen a 30.84% increase in the past week, with a 1.17% rise in the past month, and a -27.45% fall in the past quarter. The volatility ratio for the week is 10.62%, and the volatility levels for the past 30 days are at 11.56% for MITQ. The simple moving average for the past 20 days is 20.18% for MITQ’s stock, with a -23.62% simple moving average for the past 200 days.
MITQ Trading at 1.92% from the 50-Day Moving Average
After a stumble in the market that brought MITQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.06% of loss for the given period.
Volatility was left at 11.56%, however, over the last 30 days, the volatility rate increased by 10.62%, as shares surge +2.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.57% lower at present.
During the last 5 trading sessions, MITQ rose by +30.84%, which changed the moving average for the period of 200-days by -46.50% in comparison to the 20-day moving average, which settled at $0.5260. In addition, Moving iMage Technologies Inc. saw -33.20% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MITQ
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- 0.26 for the gross margin
The net margin for Moving iMage Technologies Inc. stands at -0.1. The total capital return value is set at -0.33. Equity return is now at value -25.28, with -15.67 for asset returns.
Based on Moving iMage Technologies Inc. (MITQ), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -1.32. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -93.32.
Currently, EBITDA for the company is 0.24 million with net debt to EBITDA at 56.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.09. The receivables turnover for the company is 17.06for trailing twelve months and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.19.
Conclusion
In summary, Moving iMage Technologies Inc. (MITQ) 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.
