Marti Technologies Inc. (AMEX: MRT) has a higher price-to-earnings ratio of 26.75x compared to its average ratio. MRT has 36-month beta value of -0.17. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 1 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 22, 2024 was 195.31K shares.
MRT) stock’s latest price update
Marti Technologies Inc. (AMEX: MRT) has experienced a rise in its stock price by 16.13 compared to its previous closing price of 1.55. However, the company has seen a gain of 35.34% 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.
MRT’s Market Performance
MRT’s stock has risen by 35.34% in the past week, with a monthly rise of 130.91% and a quarterly rise of 101.61%. The volatility ratio for the week is 16.15% while the volatility levels for the last 30 days are 15.61% for Marti Technologies Inc. The simple moving average for the past 20 days is 65.90% for MRT’s stock, with a 68.22% simple moving average for the past 200 days.
MRT Trading at 94.46% 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 -89.84% of loss for the given period.
Volatility was left at 15.61%, however, over the last 30 days, the volatility rate increased by 16.15%, as shares surge +124.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +139.90% upper at present.
During the last 5 trading sessions, MRT rose by +35.34%, which changed the moving average for the period of 200-days by -81.52% in comparison to the 20-day moving average, which settled at $1.1350. In addition, Marti Technologies Inc. saw 176.92% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MRT
Current profitability levels for the company are sitting at:
- -2.37 for the present operating margin
- -0.26 for the gross margin
The net margin for Marti Technologies Inc. stands at -2.66. The total capital return value is set at -1.08. Equity return is now at value 0.85, with 0.81 for asset returns.
Based on Marti Technologies Inc. (MRT), the company’s capital structure generated 1.98 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at -2.02. The interest coverage ratio of the stock is -4.15.
Currently, EBITDA for the company is -18.67 million with net debt to EBITDA at -2.85. When we switch over and look at the enterprise to sales, we see a ratio of 14.54. The receivables turnover for the company is 3.9for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
To put it simply, Marti Technologies Inc. (MRT) has had a better performance in recent times. Analysts have a bullish 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.
