Is Moving iMage Technologies Inc (AMEX: MITQ) Proving The Doubters Wrong?

Moving iMage Technologies Inc (MITQ) concluded trading on Wednesday at a closing price of $0.74, with 83.15 million shares of worth about $61.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.39% during that period and on January 15, 2025 the price saw a gain of about 3.04%. Currently the company’s common shares owned by public are about 9.90M shares, out of which, 6.47M shares are available for trading.

Stock saw a price change of -4.88% in past 5 days and over the past one month there was a price change of 11.24%. Year-to-date (YTD), MITQ shares are showing a performance of 14.15% which decreased to -15.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.42 but also hit the highest price of $1.44 during that period. The average intraday trading volume for Moving iMage Technologies Inc shares is 60.94K. The stock is currently trading 6.20% above its 20-day simple moving average (SMA20), while that difference is up 12.42% for SMA50 and it goes to 22.99% higher than SMA200.

Moving iMage Technologies Inc (AMEX: MITQ) currently have 9.90M outstanding shares and institutions hold larger chunk of about 2.33% of that.

The stock has a current market capitalization of $7.35M and its 3Y-monthly beta is at 0.33. It has posted earnings per share of -$0.18 in the same period. It has Quick Ratio of 1.60 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MITQ, volatility over the week remained 29.71% while standing at 15.62% over the month.

Analysts are in expectations that Moving iMage Technologies Inc (MITQ) stock would likely to be making an EPS of 0 in the current quarter, while forecast for next quarter EPS is 0 and it is 0 for next year. For the current quarter EPS, analysts have given the company a lowest target 0 which is 0 at the higher side of the target for the same.

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