The stock price of Mingteng International Corporation Inc (NASDAQ: MTEN) has dropped by -14.94 compared to previous close of 4.82. Despite this, the company has seen a fall of -9.35% 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.
Is It Worth Investing in Mingteng International Corporation Inc (NASDAQ: MTEN) Right Now?
Additionally, the 36-month beta value for MTEN is -1.95.
The public float for MTEN is 1.66M and currently, short sellers hold a 32.32% ratio of that float. The average trading volume of MTEN on April 15, 2025 was 152.66K shares.
MTEN’s Market Performance
The stock of Mingteng International Corporation Inc (MTEN) has seen a -9.35% decrease in the past week, with a -27.82% drop in the past month, and a -19.92% fall in the past quarter. The volatility ratio for the week is 18.46%, and the volatility levels for the past 30 days are at 22.34% for MTEN. The simple moving average for the past 20 days is -17.36% for MTEN’s stock, with a -18.31% simple moving average for the past 200 days.
MTEN Trading at -20.78% 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 -58.46% of loss for the given period.
Volatility was left at 22.34%, however, over the last 30 days, the volatility rate increased by 18.46%, as shares sank -46.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.70% lower at present.
During the last 5 trading sessions, MTEN fell by -9.29%, which changed the moving average for the period of 200-days by +4.86% in comparison to the 20-day moving average, which settled at $4.96. In addition, Mingteng International Corporation Inc saw -33.87% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MTEN
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.36 for the gross margin
The net margin for Mingteng International Corporation Inc stands at 0.06. The total capital return value is set at 0.27.
Based on Mingteng International Corporation Inc (MTEN), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 1.34. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 162.3.
Currently, EBITDA for the company is 2.15 million with net debt to EBITDA at 0.0. When we switch over and look at the enterprise to sales, we see a ratio of 5.72. The receivables turnover for the company is 8.11for trailing twelve months and the total asset turnover is 2.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.
Conclusion
In conclusion, Mingteng International Corporation Inc (MTEN) has seen bad 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’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.
