BlackRock Fund Advisors recently announced the acquisition of new stake in Micromobility.com Inc. (NASDAQ:MCOM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 106.58% to 20594.0 shares with purchase of 10625.0 shares. This fresh investment now brings its stake to 0.37% valued currently at $23683.0. In addition, UBS Securities LLC raised its holdings by 3331.0 to 5321.0 shares. And Millennium Management LLC has lifted its position by 19.27% or 457.0 shares – to 2829.0 shares.
With over 3.54 million Micromobility.com Inc. (MCOM) shares trading Tuesday and a closing price of $0.50 on the day, the dollar volume was approximately $1.77 million. The shares have shown a negative half year performance of -94.43% and its price on 05/23/23 lost nearly -2.92%. Currently, there are 7.53M common shares owned by the public and among those 5.40M shares have been available to trade.
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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 $13.00. The analysts have set the share’s price value over the next 12 months at a high of $13.00 and a low of $13.00. But an upside of 96.15% will see the stock hit the forecast high price target while median target price for the stock is $13.00.
Insiders at the company have transacted a total of 12 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 13,695,390 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 Total Stock Market ETF, Fidelity Extended Market Index Fu, and iShares Tr. – Micro Cap ETF. Vanguard Total Stock Market ETF owns 35921.0 shares of the company’s stock, all valued at over $41309.0. Fidelity Extended Market Index Fu bought 21824.0 shares to see its total holdings expand to 27908.0 shares valued at over $32094.0 and representing 0.50% of the shares outstanding. iShares Tr. – Micro Cap ETF sold 62.0 shares to bring its total holdings to over 10629.0 shares at a value of $12223.0. iShares Tr. – Micro Cap ETF now owns shares totaling to 0.19% of the shares outstanding.
Shares of Micromobility.com Inc. (NASDAQ: MCOM) opened at $0.52, up $0.01 from a prior closing price of $0.51. However, the script later moved the day high at 0.5750, down -2.92%. The company’s stock has a 5-day price change of -9.92% and -92.75% over the past three months. MCOM shares are trading -92.41% year to date (YTD), with the 12-month market performance down to -99.17% lower. It has a 12-month low price of $0.46 and touched a high of $119.50 over the same period. MCOM has an average intraday trading volume of 967.79K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -37.91%, -81.36%, and -96.48% respectively.
Institutional ownership of Micromobility.com Inc. (NASDAQ: MCOM) shares accounts for 3.40% of the company’s 7.53M shares outstanding. Mutual fund holders own 1.70%, while other institutional holders and individual stakeholders account for 5.42% and -0.59% respectively.
It has a market capitalization of $4.66M and a beta (3y monthly) value of 0.75. The earnings-per-share (ttm) stands at -$70.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 17.21% over the week and 15.13% 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.”
