The stock price of Monogram Technologies Inc. (NASDAQ: MGRM) has dropped by -12.35 compared to previous close of 3.24. Despite this, the company has seen a fall of -9.84% in its stock price over the last five trading days. accesswire.com reported 2024-09-11 that AUSTIN, TX / ACCESSWIRE / September 11, 2024 / Monogram Technologies Inc. (NASDAQ:MGRM) (“Monogram” or the “Company”), an AI-driven robotics company focused on improving human health with an initial focus on orthopedic surgery, today announced an upsize of its previously announced continuous offering of units from $10 million to $12.5 million of units. Each unit consists of (a) one share of the Company’s 8.00% Series D Convertible Cumulative Preferred Stock (the “Series D Preferred Stock”) and (b) one common stock purchase warrant to purchase one share of its common stock, $0.001 par value per share (the “Common Stock”).
Is It Worth Investing in Monogram Technologies Inc. (NASDAQ: MGRM) Right Now?
Additionally, the 36-month beta value for MGRM is 1.95. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for MGRM is 18.92M and currently, short sellers hold a 3.91% ratio of that float. The average trading volume of MGRM on September 20, 2024 was 154.76K shares.
MGRM’s Market Performance
The stock of Monogram Technologies Inc. (MGRM) has seen a -9.84% decrease in the past week, with a -8.68% drop in the past month, and a 32.71% gain in the past quarter. The volatility ratio for the week is 11.34%, and the volatility levels for the past 30 days are at 15.45% for MGRM. The simple moving average for the past 20 days is -4.69% for MGRM’s stock, with a 7.06% simple moving average for the past 200 days.
MGRM Trading at 6.70% from the 50-Day Moving Average
After a stumble in the market that brought MGRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.04% of loss for the given period.
Volatility was left at 15.45%, however, over the last 30 days, the volatility rate increased by 11.34%, as shares sank -14.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.09% upper at present.
During the last 5 trading sessions, MGRM fell by -9.84%, which changed the moving average for the period of 200-days by -23.66% in comparison to the 20-day moving average, which settled at $2.96. In addition, Monogram Technologies Inc. saw -17.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MGRM
Current profitability levels for the company are sitting at:
- -40.76 for the present operating margin
- -0.15 for the gross margin
The net margin for Monogram Technologies Inc. stands at -32.04. The total capital return value is set at -2.03. Equity return is now at value -121.56, with -76.61 for asset returns.
Based on Monogram Technologies Inc. (MGRM), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -26.21.
Currently, EBITDA for the company is -16.86 million with net debt to EBITDA at 0.4. When we switch over and look at the enterprise to sales, we see a ratio of 227.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.22.
Conclusion
In conclusion, Monogram Technologies Inc. (MGRM) has seen bad performance in recent times. Analysts have a mixed 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.
