The stock of Mingteng International Corporation Inc (MTEN) has gone up by 13.07% for the week, with a 12.58% rise in the past month and a 91.32% rise in the past quarter. The volatility ratio for the week is 9.58%, and the volatility levels for the past 30 days are 7.03% for MTEN. The simple moving average for the past 20 days is 13.87% for MTEN’s stock, with a 16.33% simple moving average for the past 200 days.
Is It Worth Investing in Mingteng International Corporation Inc (NASDAQ: MTEN) Right Now?
The public float for MTEN is 1.66M, and currently, short sellers hold a 0.30% ratio of that float. The average trading volume of MTEN on October 22, 2024 was 57.75K shares.
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MTEN) stock’s latest price update
Mingteng International Corporation Inc (NASDAQ: MTEN)’s stock price has soared by 10.43 in relation to previous closing price of 4.70. Nevertheless, the company has seen a gain of 13.07% in its stock price over the last five trading days. prnewswire.com reported 2024-05-15 that WUXI, China, May 15, 2024 /PRNewswire/ — Mingteng International Corporation Inc. (Nasdaq: MTEN) (the “Company” or “Mingteng International”), an automotive mold developer and supplier in China, today announced its financial results for the fiscal year ended December 31, 2023. Mr. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International, remarked, “We are delighted to present our financial results for fiscal year 2023.
MTEN Trading at 11.08% from the 50-Day Moving Average
After a stumble in the market that brought MTEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.21% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 9.58%, as shares surge +14.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.26% upper at present.
During the last 5 trading sessions, MTEN rose by +13.07%, in comparison to the 20-day moving average, which settled at $4.56. In addition, Mingteng International Corporation Inc saw 48.29% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MTEN
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.4 for the gross margin
The net margin for Mingteng International Corporation Inc stands at 0.19. The total capital return value is set at 0.18.
Based on Mingteng International Corporation Inc (MTEN), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 4.23.
Currently, EBITDA for the company is 0.31 million with net debt to EBITDA at -0.43. When we switch over and look at the enterprise to sales, we see a ratio of 4.96. The receivables turnover for the company is 1.58for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
To put it simply, Mingteng International Corporation Inc (MTEN) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
