The price-to-earnings ratio for Massimo Group (NASDAQ: MAMO) is above average at 10.64x.
The public float for MAMO is 4.85M, and at present, short sellers hold a 0.27% of that float. The average trading volume of MAMO on October 17, 2024 was 17.04K shares.
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MAMO) stock’s latest price update
Massimo Group (NASDAQ: MAMO) has experienced a decline in its stock price by -5.32 compared to its previous closing price of 3.76. However, the company has seen a gain of 0.56% in its stock price over the last five trading days. prnewswire.com reported 2024-10-10 that Fully Enclosed Cabin Provides All-Weather Protection for Work and Play GARLAND, Texas, Oct. 10, 2024 /PRNewswire/ — Massimo Group (NASDAQ: MAMO) (“Massimo”), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of a new T-Boss UTV series with Cab Enclosure, the best equipped and most value-packed UTVs in their class. The Massimo Motor T-Boss Series of UTVs is one of the most versatile on the market.
MAMO’s Market Performance
Massimo Group (MAMO) has experienced a 0.56% rise in stock performance for the past week, with a -8.48% drop in the past month, and a -14.18% drop in the past quarter. The volatility ratio for the week is 9.44%, and the volatility levels for the past 30 days are at 6.90% for MAMO. The simple moving average for the past 20 days is -5.40% for MAMO’s stock, with a -6.05% simple moving average for the past 200 days.
MAMO Trading at -0.74% from the 50-Day Moving Average
After a stumble in the market that brought MAMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -23.61% of loss for the given period.
Volatility was left at 6.90%, however, over the last 30 days, the volatility rate increased by 9.44%, as shares sank -9.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.13% lower at present.
During the last 5 trading sessions, MAMO rose by +0.56%, in comparison to the 20-day moving average, which settled at $3.76. In addition, Massimo Group saw 18.27% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MAMO
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.33 for the gross margin
The net margin for Massimo Group stands at 0.1. The total capital return value is set at 0.56.
Based on Massimo Group (MAMO), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 41.18.
Currently, EBITDA for the company is 13.07 million with net debt to EBITDA at 0.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 11.77for trailing twelve months and the total asset turnover is 2.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.50.
Conclusion
In summary, Massimo Group (MAMO) has had a mixed 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.
