Virtu Financial BD LLC recently announced the acquisition of new stake in Micromobility.com Inc. (NASDAQ:MCOM). This fresh investment now brings its stake to 0.12% valued currently at $11355.0. In addition, Millennium Management LLC raised its holdings by 85268.0 to 96441.0 shares.
With over 51.61 million Micromobility.com Inc. (MCOM) shares trading Friday and a closing price of $0.08 on the day, the dollar volume was approximately $4.13 million. The shares have shown a negative half year performance of -98.68% and its price on 09/15/23 gained nearly 15.01%. Currently, there are 141.73M common shares owned by the public and among those 140.65M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for MCOM have a consensus price objective of $650.00. The analysts have set the share’s price value over the next 12 months at a high of $650.00 and a low of $650.00. But an upside of 99.99% will see the stock hit the forecast high price target while median target price for the stock is $650.00.
Insiders at the company have transacted a total of 8 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 8 of these insider trades were purchases, accounting for 10,679,585 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Micromobility.com Inc. are Vanguard Extended Market Index Fu, Fidelity Extended Market Index Fu, and Fidelity Total Market Index Fund. Vanguard Extended Market Index Fu owns 74382.0 shares of the company’s stock, all valued at over $5132.0. Fidelity Total Market Index Fund now owns shares totaling to 0.01% of the shares outstanding.
However, the script later moved the day high at 0.0848, up 15.01%. The company’s stock has a 5-day price change of 13.89% and -58.48% over the past three months. MCOM shares are trading -98.74% year to date (YTD), with the 12-month market performance down to -99.71% lower. It has a 12-month low price of $0.06 and touched a high of $29.50 over the same period. MCOM has an average intraday trading volume of 22.73 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.76%, 0.90%, and -97.91% respectively.
Institutional ownership of Micromobility.com Inc. (NASDAQ: MCOM) shares accounts for 3.40% of the company’s 141.73M shares outstanding. Mutual fund holders own 0.21%, while other institutional holders and individual stakeholders account for 0.41% and 0.08% respectively.
It has a market capitalization of $10.10M and a beta (3y monthly) value of 0.44. The earnings-per-share (ttm) stands at -$33.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.66% over the week and 17.43% over the month.
Analysts forecast that Micromobility.com Inc. (MCOM) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Micromobility.com Inc. (MCOM) as a “Strong Buy” at a consensus score of 1.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”