The stock of Nature’s Miracle Holding Inc. (NMHI) has seen a -8.05% decrease in the past week, with a -13.21% drop in the past month, and a -72.22% decrease in the past quarter. The volatility ratio for the week is 5.71%, and the volatility levels for the past 30 days are at 6.39% for NMHI. The simple moving average for the last 20 days is -7.30% for NMHI stock, with a simple moving average of -95.51% for the last 200 days.
Is It Worth Investing in Nature’s Miracle Holding Inc. (NASDAQ: NMHI) Right Now?
The price-to-earnings ratio for Nature’s Miracle Holding Inc. (NASDAQ: NMHI) is above average at 0.64x.
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The public float for NMHI is 13.25M, and at present, short sellers hold a 2.15% of that float. The average trading volume of NMHI on September 26, 2024 was 939.39K shares.
NMHI) stock’s latest price update
The stock price of Nature’s Miracle Holding Inc. (NASDAQ: NMHI) has plunged by -2.81 when compared to previous closing price of 0.15, but the company has seen a -8.05% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-26 that ONTARIO, Calif., Sept. 26, 2024 /PRNewswire/ — Nature’s Miracle Holding Inc. (NASDAQ: NMHI) (“Nature’s Miracle” or the “Company”), a leader in vertical farming technology and infrastructure, has signed a debt forgiveness agreement with Uninet Global Inc. (“Uninet”), a related party, to reduce the majority of its outstanding trade payable debt.
NMHI Trading at -26.03% from the 50-Day Moving Average
After a stumble in the market that brought NMHI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.70% of loss for the given period.
Volatility was left at 6.39%, however, over the last 30 days, the volatility rate increased by 5.71%, as shares sank -7.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -65.62% lower at present.
During the last 5 trading sessions, NMHI fell by -7.18%, in comparison to the 20-day moving average, which settled at $0.1596. In addition, Nature’s Miracle Holding Inc. saw -98.65% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NMHI
Current profitability levels for the company are sitting at:
- -0.8 for the present operating margin
- -0.06 for the gross margin
The net margin for Nature’s Miracle Holding Inc. stands at -1.08. The total capital return value is set at 1.08. Equity return is now at value 2.93, with 2.76 for asset returns.
Based on Nature’s Miracle Holding Inc. (NMHI), the company’s capital structure generated -3.83 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at -0.79. The interest coverage ratio of the stock is -6.04.
Currently, EBITDA for the company is -4.48 million with net debt to EBITDA at -1.47. When we switch over and look at the enterprise to sales, we see a ratio of 1.58. The receivables turnover for the company is 3.48for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.
Conclusion
In summary, Nature’s Miracle Holding Inc. (NMHI) has had a bad 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.
