Moolec Science SA (MLEC) concluded trading on 01/11/24 at a closing price of $2.53, with 19.08 million shares of worth about $48.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.25% during that period and on Thursday the price saw a gain of about 26.50%. Currently the company’s common shares owned by public are about 37.56M shares, out of which, 3.22M shares are available for trading.
Moolec Science SA (NASDAQ: MLEC) started trading at $2.64, above $0.64 from concluding price of the previous day. However, the stock later moved at a day high price of 3.0000, or with a gain of 26.50%. Stock saw a price change of 7.66% in past 5 days and over the past one month there was a price change of 1.61%. Year-to-date (YTD), MLEC shares are showing a performance of 2.85% which decreased to -78.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.90 but also hit the highest price of $11.07 during that period. The average intraday trading volume for Moolec Science SA shares is 5.39K. The stock is currently trading 5.80% above its 20-day simple moving average (SMA20), while that difference is up 1.10% for SMA50 and it goes to -18.34% lower than SMA200.
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Moolec Science SA (NASDAQ: MLEC) currently have 37.56M outstanding shares and institutions hold larger chunk of about 0.04% of that.
The stock has a current market capitalization of $95.03M and its 3Y-monthly beta is at -0.38. It has Quick Ratio of 0.39 while making debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MLEC, volatility over the week remained 13.36% while standing at 6.26% over the month.
Analysts are in expectations that Moolec Science SA (MLEC) stock would likely to be making an EPS of -$0.04 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.04 which is -$0.04 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 87.42% while it is estimated to increase by 10.53% in next year.
Analysts at 1 brokerage firms have issued recommendations for the Moolec Science SA (MLEC)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on September 27, 2023 offering a Buy rating for the stock and assigned a target price of $5 to it.
