Moving iMage Technologies Inc. (AMEX: MITQ)’s stock price has gone rise by 15.23 in comparison to its previous close of 0.53, however, the company has experienced a 22.21% increase in its stock price over the last five trading days. newsfilecorp.com reported 2024-10-17 that Presentation on Tuesday, October 29th at 2 pm PT Fountain Valley, California–(Newsfile Corp. – October 17, 2024) – Moving iMage Technologies (NYSE American: MITQ) (“MiT”), a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced it will be presenting at the 17th annual Main Event on Tuesday, October 29th at 2 pm PT at the Luxe Sunset Boulevard Hotel. Brian Siegel, Vice President, Investor Relations and Strategic Communications and Joe Delgado, EVP, Sales and Marketing, will be representing the company.
Is It Worth Investing in Moving iMage Technologies Inc. (AMEX: MITQ) Right Now?
The 36-month beta value for MITQ is also noteworthy at 0.34.
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The public float for MITQ is 6.79M, and at present, short sellers hold a 1.92% of that float. The average trading volume of MITQ on October 22, 2024 was 67.54K shares.
MITQ’s Market Performance
MITQ stock saw an increase of 22.21% in the past week, with a monthly gain of 5.29% and a quarterly increase of -13.25%. The volatility ratio for the week is 8.44%, and the volatility levels for the last 30 days are 6.02% for Moving iMage Technologies Inc. (MITQ). The simple moving average for the past 20 days is 13.63% for MITQ’s stock, with a -1.43% simple moving average for the past 200 days.
MITQ Trading at 8.03% from the 50-Day Moving Average
After a stumble in the market that brought MITQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.23% of loss for the given period.
Volatility was left at 6.02%, however, over the last 30 days, the volatility rate increased by 8.44%, as shares surge +10.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.82% lower at present.
During the last 5 trading sessions, MITQ rose by +23.02%, which changed the moving average for the period of 200-days by -33.48% in comparison to the 20-day moving average, which settled at $0.5423. In addition, Moving iMage Technologies Inc. saw -34.82% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MITQ
Current profitability levels for the company are sitting at:
- -0.08 for the present operating margin
- 0.23 for the gross margin
The net margin for Moving iMage Technologies Inc. stands at -0.07. The total capital return value is set at -0.27. Equity return is now at value -20.65, with -11.50 for asset returns.
Based on Moving iMage Technologies Inc. (MITQ), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -5.27.
Currently, EBITDA for the company is -1.22 million with net debt to EBITDA at 3.95. When we switch over and look at the enterprise to sales, we see a ratio of 0.05. The receivables turnover for the company is 19.22for trailing twelve months and the total asset turnover is 1.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.06.
Conclusion
In summary, Moving iMage Technologies Inc. (MITQ) 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.
