For Risk-Tolerant Investors, Singing Machine Co., Inc. (NASDAQ: MICS) Stands Out As A Strong Investment Choice

During the last session, Singing Machine Co., Inc. (NASDAQ:MICS)’s traded shares were 1.18 million, with the beta value of the company hitting 0.16. At the end of the trading day, the stock’s price was $0.75, reflecting an intraday gain of 26.99% or $0.16. The 52-week high for the MICS share is $1.97, that puts it down -162.67 from that peak though still a striking 53.33% gain since the share price plummeted to a 52-week low of $0.35. The company’s market capitalization is $7.31M, and the average intraday trading volume over the past 10 days was 0.16 million shares, and the average trade volume was 606.76K shares over the past three months.

Singing Machine Co., Inc. (NASDAQ:MICS) trade information

Singing Machine Co., Inc. (MICS) registered a 26.99% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 26.99% in intraday trading to $0.75, hitting a weekly high. The stock’s 5-day price performance is 59.14%, and it has moved by 39.32% in 30 days. Based on these gigs, the overall price performance for the year is -37.20%. The short interest in Singing Machine Co., Inc. (NASDAQ:MICS) is 36253.0 shares and it means that shorts have 0.14 day(s) to cover.

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MICS Dividends

Singing Machine Co., Inc. is due to release its next quarterly earnings on 2024-Apr-16. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Singing Machine Co., Inc. (NASDAQ:MICS)’s Major holders

Singing Machine Co., Inc. insiders own 46.83% of total outstanding shares while institutional holders control 4.44%, with the float percentage being 8.35%. CABLE CAR CAPITAL LLC is the largest shareholder of the company, while 13.0 institutions own stock in it. As of 2024-06-30, the company held over 0.16 million shares (or 2.4151% of all shares), a total value of $0.18 million in shares.

The next largest institutional holding, with 42358.0 shares, is of PERRITT CAPITAL MANAGEMENT INC’s that is approximately 0.66% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $49135.0.