The 36-month beta value for MI is at 3.00. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MI is 0.70M, and currently, shorts hold a 0.36% of that float. The average trading volume for MI on November 15, 2024 was 11.44K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
MI) stock’s latest price update
The stock price of NFT Ltd (AMEX: MI) has jumped by 15.79 compared to previous close of 8.55. Despite this, the company has seen a gain of 12.50% in its stock price over the last five trading days. globenewswire.com reported 2024-04-11 that Hong Kong, April 11, 2024 (GLOBE NEWSWIRE) — NFT Ltd. (NYSE American: MI) (“Company” or “NFT”, formerly known as Takung Art Co., Ltd.), as an emerging online trading platform operator of international art and collectibles today announced that a 1 for 50 reverse split of its Class A ordinary shares and Class B ordinary shares was approved by the Company’s shareholders on March 18, 2024 and is expected to become effective on or around April 12, 2024 (the “Reverse Split”).
MI’s Market Performance
NFT Ltd (MI) has seen a 12.50% rise in stock performance for the week, with a 1.07% gain in the past month and a 147.19% surge in the past quarter. The volatility ratio for the week is 13.04%, and the volatility levels for the past 30 days are at 9.62% for MI. The simple moving average for the past 20 days is 13.39% for MI’s stock, with a 42.20% simple moving average for the past 200 days.
MI Trading at 23.24% from the 50-Day Moving Average
After a stumble in the market that brought MI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.79% of loss for the given period.
Volatility was left at 9.62%, however, over the last 30 days, the volatility rate increased by 13.04%. Over the last 50 days, in opposition, the stock is trading +166.64% upper at present.
During the last 5 trading sessions, MI rose by +12.50%, which changed the moving average for the period of 200-days by +7.26% in comparison to the 20-day moving average, which settled at $8.73. In addition, NFT Ltd saw 6.57% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MI
Current profitability levels for the company are sitting at:
- -0.76 for the present operating margin
- 0.72 for the gross margin
The net margin for NFT Ltd stands at 3.71. The total capital return value is set at -0.01.
Currently, EBITDA for the company is -0.88 million with net debt to EBITDA at 177.88. When we switch over and look at the enterprise to sales, we see a ratio of -58.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.21.
Conclusion
In conclusion, NFT Ltd (MI) has had a better 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.
