The stock has a 36-month beta value of 1.18. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for MGRM is 22.28M, and at present, short sellers hold a 0.69% of that float. On December 20, 2024, the average trading volume of MGRM was 125.26K shares.
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MGRM) stock’s latest price update
Monogram Technologies Inc (NASDAQ: MGRM)’s stock price has gone decline by -7.72 in comparison to its previous close of 2.72, however, the company has experienced a -2.33% decrease in its stock price over the last five trading days. accesswire.com reported 2024-12-18 that Management Anticipates That it has Sufficiently Addressed the FDA’s Concerns to Mitigate the Need for a Clinical Data Request Management Anticipates a Comprehensive AIR Response in Q1 2025 AUSTIN, TX / ACCESSWIRE / December 18, 2024 / Monogram Technologies Inc. (NASDAQ:MGRM) (“Monogram” or the “Company”), an AI-driven robotics company focused on improving human health with an initial focus on orthopedic surgery, today provided an update from its Submission Issue Request (SIR) meeting with the U.S. Food and Drug Administration (“FDA”) on December 17, 2024, regarding its 510(k) premarket filing submission for the Company’s mBôs TKA System (the “Application”). The Application was submitted on July 19, 2024, and passed the initial FDA Administrative Review.
MGRM’s Market Performance
Monogram Technologies Inc (MGRM) has seen a -2.33% fall in stock performance for the week, with a 23.04% gain in the past month and a -11.62% plunge in the past quarter. The volatility ratio for the week is 8.77%, and the volatility levels for the past 30 days are at 7.58% for MGRM. The simple moving average for the past 20 days is 6.54% for MGRM’s stock, with a 6.19% simple moving average for the past 200 days.
Analysts’ Opinion of MGRM
Many brokerage firms have already submitted their reports for MGRM stocks, with ROTH MKM repeating the rating for MGRM by listing it as a “Buy.” The predicted price for MGRM in the upcoming period, according to ROTH MKM is $4 based on the research report published on December 09, 2024 of the current year 2024.
MGRM Trading at 8.42% from the 50-Day Moving Average
After a stumble in the market that brought MGRM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.78% of loss for the given period.
Volatility was left at 7.58%, however, over the last 30 days, the volatility rate increased by 8.77%, as shares surge +25.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.36% upper at present.
During the last 5 trading sessions, MGRM fell by -2.33%, which changed the moving average for the period of 200-days by -9.39% in comparison to the 20-day moving average, which settled at $2.36. In addition, Monogram Technologies Inc saw -27.03% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MGRM
Current profitability levels for the company are sitting at:
- -44.57 for the present operating margin
- 0.13 for the gross margin
The net margin for Monogram Technologies Inc stands at -43.1. The total capital return value is set at -0.92. Equity return is now at value -107.44, with -81.82 for asset returns.
Currently, EBITDA for the company is -16.86 million with net debt to EBITDA at 1.02. When we switch over and look at the enterprise to sales, we see a ratio of 191.66. The receivables turnover for the company is 0.26for trailing twelve months and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.31.
Conclusion
To sum up, Monogram Technologies Inc (MGRM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
