MRT has 36-month beta value of -0.06. 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 20.14M, and currently, short sellers hold a 0.44% ratio of that float. The average trading volume of MRT on July 18, 2024 was 119.02K shares.
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MRT) stock’s latest price update
The stock of Marti Technologies Inc. (AMEX: MRT) has increased by 3.03 when compared to last closing price of 1.65.Despite this, the company has seen a gain of 0.89% in its stock price over the last five trading days. businesswire.com reported 2024-07-01 that ISTANBUL–(BUSINESS WIRE)–Marti Technologies, Inc. (“Marti” or the “Company”) (NYSE American: MRT), Türkiye’s leading mobility super app and only multi-modal urban mobility provider, announced today that as of June 30, 2024, Marti’s ride-hailing service has reached over 1,100,000 riders and over 170,000 registered drivers, exceeding the June 30, 2024 targets of over 1,000,000 riders and 165,000 registered drivers. Marti’s number of ride-hailing riders grew 121% from December 31, 2023 to June 3.
MRT’s Market Performance
Marti Technologies Inc. (MRT) has seen a 0.89% rise in stock performance for the week, with a -4.85% decline in the past month and a 17.24% surge in the past quarter. The volatility ratio for the week is 3.47%, and the volatility levels for the past 30 days are at 3.96% for MRT. The simple moving average for the past 20 days is 1.07% for MRT’s stock, with a 63.98% simple moving average for the past 200 days.
MRT Trading at -1.13% 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 -16.26% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 3.47%, as shares sank -3.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.41% upper at present.
During the last 5 trading sessions, MRT rose by +0.89%, which changed the moving average for the period of 200-days by +120.78% in comparison to the 20-day moving average, which settled at $1.6790. In addition, Marti Technologies Inc. saw 161.54% 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:
- -1.53 for the present operating margin
- -0.23 for the gross margin
The net margin for Marti Technologies Inc. stands at -1.69. The total capital return value is set at -1.35.
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 -0.23. The debt to equity ratio resting at -2.02. The interest coverage ratio of the stock is -4.54.
Currently, EBITDA for the company is -18.67 million with net debt to EBITDA at -2.49. When we switch over and look at the enterprise to sales, we see a ratio of 7.19. The receivables turnover for the company is 7.59for trailing twelve months and the total asset turnover is 0.5.
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.
