MDJM Ltd (NASDAQ: MDJH) has experienced a decline in its stock price by -14.14 compared to its previous closing price of 0.70. However, the company has seen a fall of -11.62% in its stock price over the last five trading days. prnewswire.com reported 2024-09-11 that LETHAM, Scotland , Sept.11, 2024 /PRNewswire/ — MDJM LTD (Nasdaq: MDJH) (the “Company” or “MDJM”), an integrated global culture-driven asset management company, today announced that it has entered into a securities purchase agreement with institutional investors to raise approximately $2.45 million in aggregate proceeds, before deducting fees to the placement agent and other offering expenses payable by the Company. The closing of the private placement is expected to occur on September 12, 2024, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreement.
Is It Worth Investing in MDJM Ltd (NASDAQ: MDJH) Right Now?
The 36-month beta value for MDJH is at -0.29.
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The public float for MDJH is 1.95M, and currently, shorts hold a 11.64% of that float. The average trading volume for MDJH on October 02, 2024 was 187.84K shares.
MDJH’s Market Performance
MDJH’s stock has seen a -11.62% decrease for the week, with a -42.22% drop in the past month and a -51.14% fall in the past quarter. The volatility ratio for the week is 14.51%, and the volatility levels for the past 30 days are at 10.31% for MDJM Ltd The simple moving average for the past 20 days is -26.28% for MDJH’s stock, with a -50.10% simple moving average for the past 200 days.
MDJH Trading at -42.25% from the 50-Day Moving Average
After a stumble in the market that brought MDJH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.56% of loss for the given period.
Volatility was left at 10.31%, however, over the last 30 days, the volatility rate increased by 14.51%, as shares sank -42.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.48% lower at present.
During the last 5 trading sessions, MDJH fell by -11.62%, which changed the moving average for the period of 200-days by -50.74% in comparison to the 20-day moving average, which settled at $0.7932. In addition, MDJM Ltd saw -63.65% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MDJH
Current profitability levels for the company are sitting at:
- -7.8 for the present operating margin
- 0.63 for the gross margin
The net margin for MDJM Ltd stands at -6.81. The total capital return value is set at -0.4. Equity return is now at value -41.46, with -39.32 for asset returns.
Based on MDJM Ltd (MDJH), the company’s capital structure generated -0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 7.52. The debt to equity ratio resting at -0.03. The interest coverage ratio of the stock is -685.59.
Currently, EBITDA for the company is -1.25 million with net debt to EBITDA at 0.35. When we switch over and look at the enterprise to sales, we see a ratio of 33.01. The receivables turnover for the company is 1.18for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.70.
Conclusion
In conclusion, MDJM Ltd (MDJH) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
