Moving iMage Technologies Inc (AMEX: MITQ) is 42.31% higher on its value in year-to-date trading and has touched a low of $0.42 and a high of $1.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MITQ stock was last observed hovering at around $0.74 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $0.93, the stock is 30.48% and 38.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing 24.66% at the moment leaves the stock 52.80% off its SMA200. MITQ registered 3.93% gain for a year compared to 6-month gain of 33.94%. The firm has a 50-day simple moving average (SMA 50) of $0.66006 and a 200-day simple moving average (SMA200) of $0.60335.
The stock witnessed a 25.58% loss in the last 1 month and extending the period to 3 months gives it a 83.17%, and is 21.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 33.89% over the week and 16.43% over the month.
Moving iMage Technologies Inc (MITQ) has around 32 employees, a market worth around $9.15M and $18.76M in sales. Profit margin for the company is -9.79%. Distance from 52-week low is 120.19% and -40.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-27.77%).
11.0 institutions hold shares in Moving iMage Technologies Inc (MITQ), with institutional investors hold 3.61% of the company’s shares. The shares outstanding are 9.90M, and float is at 6.47M with Short Float at 0.88%. Institutions hold 2.33% of the Float.
The top institutional shareholder in the company is GEODE CAPITAL MANAGEMENT, LLC with over 50488.0 shares valued at $31422.0. The investor’s holdings represent 0.4838 of the MITQ Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 35400.0 shares valued at $22033.0 to account for 0.3392 of the shares outstanding. The other top investors are UBS GROUP AG which holds 30265.0 shares representing 0.29 and valued at over $18825.0, while STATE STREET CORP holds 0.2174 of the shares totaling 22685.0 with a market value of $14119.0.
