The Singing Machine Stock Price on February 28, 2024
MICS Stock | USD 1.90 0.03 1.60% |
Below is the normalized historical share price chart for The Singing Machine extending back to November 10, 1994. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Singing Machine stands at 1.90, as last reported on the 12th of June 2024, with the highest price reaching 1.97 and the lowest price hitting 1.82 during the day.
If you're considering investing in Singing Stock, it is important to understand the factors that can impact its price. Singing Machine is dangerous given 3 months investment horizon. Singing Machine owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the firm had a 0.14% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.05% are justified by taking the suggested risk. Use Singing Machine Risk Adjusted Performance of 0.0943, semi deviation of 4.86, and Coefficient Of Variation of 730.59 to evaluate company specific risk that cannot be diversified away.
At this time, Singing Machine's Common Stock Shares Outstanding is comparatively stable compared to the past year. Liabilities And Stockholders Equity is likely to gain to about 29.1 M in 2024, whereas Other Stockholder Equity is likely to drop slightly above 17.5 M in 2024. . At this time, Singing Machine's Price To Operating Cash Flows Ratio is comparatively stable compared to the past year. Price To Free Cash Flows Ratio is likely to gain to 11.24 in 2024, despite the fact that Price Earnings Ratio is likely to grow to (0.55). Singing Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 6th of January 2016 | 200 Day MA 1.0007 | 50 Day MA 1.0954 | Beta 0.091 |
Singing |
Sharpe Ratio = 0.142
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Estimated Market Risk
7.43 actual daily | 65 65% of assets are less volatile |
Expected Return
1.05 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Singing Machine is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Singing Machine by adding it to a well-diversified portfolio.
Price Book 0.8046 | Enterprise Value Ebitda (0.58) | Price Sales 0.1566 | Shares Float 2 M | Wall Street Target Price 4 |
Singing Machine Main Headline on 28th of February 2024
Market Might Still Lack Some Conviction On The Singing Machi... by simplywall.st
Those holding The Singing Machine Company, Inc. shares would be relieved that the share price has...
Singing Machine Valuation on February 28, 2024
It is possible to determine the worth of Singing Machine on a given historical date. On February 28, 2024 Singing was worth 0.96 at the beginning of the trading date compared to the closed value of 1.03. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Singing Machine stock. Still, in general, we apply an absolute valuation method to find Singing Machine's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Singing Machine where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Singing Machine's related companies.
Open | High | Low | Close | Volume | |
0.80 | 1.20 | 0.80 | 1.02 | 526,108 | |
02/28/2024 | 0.96 | 1.19 | 0.94 | 1.03 | 106,648 |
1.11 | 1.11 | 0.97 | 0.98 | 26,917 |
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Singing Machine Trading Date Momentum on February 28, 2024
On February 29 2024 The Singing Machine was traded for 0.98 at the closing time. The top price for the day was 1.11 and the lowest listed price was 0.97 . The trading volume for the day was 26.9 K. The trading history from February 29, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 4.85% . The trading price change against the current closing price is 1.94% . |
Singing Machine Fundamentals Correlations and Trends
By evaluating Singing Machine's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Singing Machine's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Singing financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Singing Machine Stock history
Singing Machine investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Singing is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Singing Machine will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Singing Machine stock prices may prove useful in developing a viable investing in Singing Machine
Last Reported | Projected for Next Year | ||
Common Stock Shares Outstanding | 4.9 M | 5.1 M | |
Net Loss | -4.2 M | -4 M |
Singing Machine Quarterly Net Working Capital |
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Singing Machine Stock Technical Analysis
Singing Machine technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Singing Machine Period Price Range
Low | February 28, 2024
| High |
0.96 | 1.03 |
Singing Machine June 12, 2024 Market Strength
Market strength indicators help investors to evaluate how Singing Machine stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Singing Machine shares will generate the highest return on investment. By undertsting and applying Singing Machine stock market strength indicators, traders can identify The Singing Machine entry and exit signals to maximize returns
Accumulation Distribution | 22405.04 | |||
Daily Balance Of Power | 0.28 | |||
Rate Of Daily Change | 1.07 | |||
Day Median Price | 1.07 | |||
Day Typical Price | 1.05 | |||
Period Momentum Indicator | 0.87 |
Singing Machine Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Singing Machine's price direction in advance. Along with the technical and fundamental analysis of Singing Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Singing to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | 0.0943 | |||
Jensen Alpha | 1.05 | |||
Total Risk Alpha | 1.11 | |||
Sortino Ratio | 0.184 | |||
Treynor Ratio | 1.18 |
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Additional Tools for Singing Stock Analysis
When running Singing Machine's price analysis, check to measure Singing Machine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Singing Machine is operating at the current time. Most of Singing Machine's value examination focuses on studying past and present price action to predict the probability of Singing Machine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Singing Machine's price. Additionally, you may evaluate how the addition of Singing Machine to your portfolios can decrease your overall portfolio volatility.