Milestone Scientific Inc. (AMEX: MLSS)’s stock price has gone rise by 16.05 in comparison to its previous close of 0.91, however, the company has experienced a 11.58% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-08-15 that Milestone Scientific Inc. (NYSE:MLSS ) Q2 2024 Earnings Conference Call August 15, 2024 8:30 AM ET Company Participants David Waldman – Investor Relations, Crescendo Communications Arjan Haverhals – Chief Executive Officer Keisha Harcum – Vice President, Finance Conference Call Participants Anthony Vendetti – The Maxim Group Operator Good morning, and welcome to the Milestone Scientific Second Quarter 2024 Financial Results and Business Update Conference Call. At this time, all participants are in a listen-only mode and we will open for questions following the presentation.
Is It Worth Investing in Milestone Scientific Inc. (AMEX: MLSS) Right Now?
The 36-month beta value for MLSS is also noteworthy at 1.09. There are mixed opinions on the stock, with 1 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 MLSS is 48.61M, and at present, short sellers hold a 0.34% of that float. The average trading volume of MLSS on September 23, 2024 was 131.26K shares.
MLSS’s Market Performance
MLSS stock saw an increase of 11.58% in the past week, with a monthly gain of 6.20% and a quarterly increase of 58.21%. The volatility ratio for the week is 10.08%, and the volatility levels for the last 30 days are 7.73% for Milestone Scientific Inc. (MLSS). The simple moving average for the past 20 days is 8.22% for MLSS’s stock, with a 43.66% simple moving average for the past 200 days.
Analysts’ Opinion of MLSS
Maxim Group, on the other hand, stated in their research note that they expect to see MLSS reach a price target of $1.50, previously predicting the price at $3. The rating they have provided for MLSS stocks is “Buy” according to the report published on November 16th, 2018.
Maxim Group gave a rating of “Buy” to MLSS, setting the target price at $4 in the report published on December 23rd of the previous year.
MLSS Trading at 9.46% from the 50-Day Moving Average
After a stumble in the market that brought MLSS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.64% of loss for the given period.
Volatility was left at 7.73%, however, over the last 30 days, the volatility rate increased by 10.08%, as shares surge +4.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.27% upper at present.
During the last 5 trading sessions, MLSS rose by +11.58%, which changed the moving average for the period of 200-days by +34.18% in comparison to the 20-day moving average, which settled at $0.9818. In addition, Milestone Scientific Inc. saw 53.65% 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 MLSS starting from McGeehan Michael, who proposed sale 50,107 shares at the price of $0.96 back on Sep 11 ’24. After this action, McGeehan Michael now owns shares of Milestone Scientific Inc., valued at $48,103 using the latest closing price.
OSSER LEONARD, the Director of Milestone Scientific Inc., sale 141,913 shares at $0.95 during a trade that took place back on Aug 21 ’24, which means that OSSER LEONARD is holding 4,602,506 shares at $134,817 based on the most recent closing price.
Stock Fundamentals for MLSS
Current profitability levels for the company are sitting at:
- -0.8 for the present operating margin
- 0.72 for the gross margin
The net margin for Milestone Scientific Inc. stands at -0.55. The total capital return value is set at -0.82. Equity return is now at value -58.14, with -39.92 for asset returns.
Based on Milestone Scientific Inc. (MLSS), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -8.03. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is 123.63.
Currently, EBITDA for the company is -6.96 million with net debt to EBITDA at 0.82. When we switch over and look at the enterprise to sales, we see a ratio of 9.08. The receivables turnover for the company is 5.14for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.00.
Conclusion
In summary, Milestone Scientific Inc. (MLSS) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
