Mill City Ventures III Ltd (NASDAQ: MCVT)’s stock price has soared by 12.00 in relation to previous closing price of 2.50. Nevertheless, the company has seen a loss of -13.31% in its stock price over the last five trading days. accesswire.com reported 2025-01-13 that MINNEAPOLIS, MN / ACCESSWIRE / January 13, 2025 / Mill City Ventures III, Ltd. (“Mill City”) (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today certain select data from its 2024 short-term lending operations.
Is It Worth Investing in Mill City Ventures III Ltd (NASDAQ: MCVT) Right Now?
Mill City Ventures III Ltd (NASDAQ: MCVT) has a price-to-earnings ratio of 51.28x that is above its average ratio. Additionally, the 36-month beta value for MCVT is 0.96. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MCVT is 1.79M and currently, short sellers hold a 0.26% ratio of that float. The average trading volume of MCVT on January 20, 2025 was 106.95K shares.
MCVT’s Market Performance
MCVT’s stock has seen a -13.31% decrease for the week, with a 42.86% rise in the past month and a 39.65% gain in the past quarter. The volatility ratio for the week is 19.86%, and the volatility levels for the past 30 days are at 13.91% for Mill City Ventures III Ltd The simple moving average for the past 20 days is 19.50% for MCVT’s stock, with a 13.56% simple moving average for the past 200 days.
MCVT Trading at 32.68% from the 50-Day Moving Average
After a stumble in the market that brought MCVT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.84% of loss for the given period.
Volatility was left at 13.91%, however, over the last 30 days, the volatility rate increased by 19.86%, as shares surge +43.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.85% upper at present.
During the last 5 trading sessions, MCVT fell by -13.31%, which changed the moving average for the period of 200-days by -1.23% in comparison to the 20-day moving average, which settled at $2.34. In addition, Mill City Ventures III Ltd saw 43.43% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at MCVT starting from ZIPKIN LAURENCE S, who purchase 3,600 shares at the price of $1.99 back on Dec 09 ’24. After this action, ZIPKIN LAURENCE S now owns 160,661 shares of Mill City Ventures III Ltd, valued at $7,152 using the latest closing price.
ZIPKIN LAURENCE S, the Director of Mill City Ventures III Ltd, purchase 300 shares at $1.95 during a trade that took place back on Dec 08 ’24, which means that ZIPKIN LAURENCE S is holding 157,061 shares at $585 based on the most recent closing price.
Stock Fundamentals for MCVT
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 1.07 for the gross margin
The net margin for Mill City Ventures III Ltd stands at 0.11. The total capital return value is set at 0.0. Equity return is now at value 1.89, with 1.86 for asset returns.
Currently, EBITDA for the company is -1.54 million with net debt to EBITDA at 3.4. When we switch over and look at the enterprise to sales, we see a ratio of 4.45. The receivables turnover for the company is 21.74for trailing twelve months and the total asset turnover is 0.16.
Conclusion
In conclusion, Mill City Ventures III Ltd (MCVT) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
