Mill City Ventures III Ltd (NASDAQ: MCVT) is 43.43% higher on its value in year-to-date trading and has touched a low of $1.75 and a high of $3.88 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 MCVT stock was last observed hovering at around $2.50 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $2.80, the stock is 19.50% and 32.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 12.00% at the moment leaves the stock 13.56% off its SMA200. MCVT registered -12.77% loss for a year compared to 6-month loss of -5.41%. The firm has a 50-day simple moving average (SMA 50) of $2.11036 and a 200-day simple moving average (SMA200) of $2.476335.
The stock witnessed a 42.86% gain in the last 1 month and extending the period to 3 months gives it a 39.65%, and is -13.31% down 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 19.86% over the week and 13.91% over the month.
Mill City Ventures III Ltd (MCVT) has around 2 employees, a market worth around $17.88M and $3.37M in sales. Current P/E ratio is 51.28. Profit margin for the company is 11.00%. Distance from 52-week low is 60.34% and -27.84% from its 52-week high. The company has generated returns on investments over the last 12 months (1.87%).
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Mill City Ventures III Ltd (MCVT) Top Institutional Holders
6.0 institutions hold shares in Mill City Ventures III Ltd (MCVT), with institutional investors hold 1.57% of the company’s shares. The shares outstanding are 6.39M, and float is at 1.79M with Short Float at 0.26%. Institutions hold 0.56% of the Float.
Mill City Ventures III Ltd (MCVT) Insider Activity
The most recent transaction is an insider purchase by ZIPKIN LAURENCE S, the company’s Director. SEC filings show that ZIPKIN LAURENCE S bought 3,600 shares of the company’s common stock on Dec 09 ’24 at a price of $1.99 per share for a total of $7152.0. Following the purchase, the insider now owns 0.16 million shares.
Mill City Ventures III Ltd disclosed in a document filed with the SEC on Dec 08 ’24 that ZIPKIN LAURENCE S (Director) bought a total of 300 shares of the company’s common stock. The trade occurred on Dec 08 ’24 and was made at $1.95 per share for $585.0. Following the transaction, the insider now directly holds 0.16 million shares of the MCVT stock.
Still, SEC filings show that on Dec 11 ’24, POLINSKY DOUGLAS MICHAEL (Chief Executive Officer) acquired 3,500 shares at an average price of $1.95 for $6825.0. The insider now directly holds 270,997 shares of Mill City Ventures III Ltd (MCVT).
