Should I buy or sell Singing Machine stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Singing Machine in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MICS shares. View MICS analyst ratings or view top-rated stocks .

What is Singing Machine's stock price target for 2024?

1 brokers have issued 1-year price objectives for Singing Machine's stock. Their MICS share price targets range from $4.00 to $4.00. On average, they predict the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 440.6% from the stock's current price. View analysts price targets for MICS or view top-rated stocks among Wall Street analysts .

How have MICS shares performed in 2024?

Singing Machine's stock was trading at $1.01 at the beginning of 2024. Since then, MICS stock has decreased by 26.7% and is now trading at $0.7399. View the best growth stocks for 2024 here .

Are investors shorting Singing Machine?

Singing Machine saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 26,200 shares, a decline of 43.4% from the March 15th total of 46,300 shares. Based on an average daily trading volume, of 28,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.8% of the company's shares are short sold. View Singing Machine's Short Interest .

When is Singing Machine's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024. View our MICS earnings forecast .

When did Singing Machine IPO?

Singing Machine (MICS) raised $4 million in an initial public offering (IPO) on Tuesday, May 24th 2022. The company issued 1,000,000 shares at $4.00 per share. Aegis Capital Corp. acted as the underwriter for the IPO.

How do I buy shares of Singing Machine?

Shares of MICS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MICS

Singing Machine (MICS) Stock Price, News & Analysis

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Free MICS Stock Alerts

$0.74

-0.04 (-5.13%)

(As of 04/19/2024 ET)

Compare

Today's Range: $0.70
▼
$0.78
50-Day Range: $0.67
▼
$1.26
52-Week Range: $0.61
▼
$2.66

Volume: 3,002 shs
Average Volume: 25,639 shs
Market Capitalization: $3.12 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.00

Get Singing Machine alerts:

Singing Machine MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 440.6% Upside
$4.00 Price Target
Short Interest: Healthy
3.76% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.62 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Singing Machine has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Singing Machine has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
3.76% of the float of Singing Machine has been sold short.
Short Interest Ratio / Days to Cover
Singing Machine has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Singing Machine has recently decreased by 43.41%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Singing Machine does not currently pay a dividend.
Dividend Growth
Singing Machine does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MICS.

1.4

News and Social Media Coverage

News Sentiment
Singing Machine has a news sentiment score of -0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Singing Machine this week, compared to 1 article on an average week.
Search Interest
1 people have searched for MICS on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Singing Machine insiders have not sold or bought any company stock.
Percentage Held by Insiders
47.50% of the stock of Singing Machine is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Singing Machine is -0.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Singing Machine is -0.32, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Singing Machine has a P/B Ratio of 0.23. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Singing Machine Stock (NASDAQ:MICS)

The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.

MICS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MICS Stock News Headlines

April 16, 2024 | finance.yahoo.com

Company Provides 2024 Results of Operations

April 11, 2024 | americanbankingnews.com

The Singing Machine Company, Inc. (NASDAQ:MICS) Short Interest Down 43.4% in March

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 3, 2024 | globenewswire.com

Singing Machine Secures $2 Million Senior Credit Facility

March 30, 2024 | msn.com

Every Jinjer album ranked from worst to best

March 28, 2024 | msn.com

Zach Bryan doesn’t need country radio. He just needs your heartstrings.

March 28, 2024 | msn.com

Skid Row Part Ways With Singer Erik Gronwall and Announce Fill-In

March 28, 2024 | msn.com

Engaged? 61 Unique Gifts For The Bride To Be

April 19, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

March 20, 2024 | markets.businessinsider.com

Singing Machine Inks License Deal With Zhuhai To Sell Karaoke Products In China

March 18, 2024 | msn.com

Inventor of first karaoke machine, Shigeichi Negishi, dies aged 100

March 18, 2024 | msn.com

YouTube Music to finally let you look up tracks just by singing into your phone

March 18, 2024 | theguardian.com

‘Where honour and ridiculousness collide’: in praise of karaoke’s inventor, on his death at 100

March 18, 2024 | thetimes.co.uk

Shigeichi Negishi obituary: inventor of the karaoke machine

March 15, 2024 | msn.com

Karaoke Inventor Dies

March 13, 2024 | msn.com

Dining, music and fun: Mercato is hot and getting hotter

March 4, 2024 | msn.com

The 5 Best Karaoke Mics to Buy Online - Save Up to 40% Off at Amazon

February 27, 2024 | seekingalpha.com

MICS The Singing Machine Company, Inc.

February 27, 2024 | msn.com

Singing Machine says subscription service with Stingray up 34.8% in 2023

February 27, 2024 | finanznachrichten.de

The Singing Machine Company, Inc.: Company Generates Record Subscriptions Sales for 2023 Holiday Season

February 27, 2024 | globenewswire.com

Company Generates Record Subscriptions Sales for 2023 Holiday Season

February 24, 2024 | wsj.com

Singing Machine Co. Inc.

February 22, 2024 | msn.com

100 cringeworthy mistakes in the worst movies ever

February 22, 2024 | finance.yahoo.com

One Singing Machine Company Insider Raised Stake By 3,448% In Previous Year

February 20, 2024 | omaha.com

Birthdays – Feb. 19

February 5, 2024 | msn.com

Taylor Swift Makes History, Miley Cyrus and SZA Clean Up: The Grammys Were for the Girls

February 5, 2024 | msn.com

The Highs, Lows, and Whoas of the 2024 Grammys

See More Headlines

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Company Calendar

Today: 4/19/2024
Next Earnings (Estimated): 7/12/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Prerecorded records & tapes
Sub-Industry: N/A
Current Symbol: NASDAQ:MICS
CUSIP: N/A
CIK: 923601
Web: www.singingmachine.com
Phone: (954) 596-1000
Fax: 954-596-2000
Employees: 37
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.00
High Stock Price Target: $4.00
Low Stock Price Target: $4.00
Potential Upside/Downside: +440.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.28)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-4,640,000.00
Net Margins: -25.06%
Pretax Margin: -21.85%
Return on Equity: -66.86%
Return on Assets: -32.33%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.46
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $39.30 million
Price / Sales: 0.08
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $3.28 per share
Price / Book: 0.23

Miscellaneous

Outstanding Shares: 4,220,000
Free Float: 2,216,000
Market Cap: $3.12 million
Optionable: Not Optionable
Beta: -0.03

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Key Executives

Mr. Gary Atkinson (Age 43)
CEO & Director
Comp: $248.87k
Mr. Bernardo Melo (Age 47)
Chief Revenue Officer & Director
Comp: $323.63k
Mr. Milton Charles Ault III (Age 54)
Executive Chairman
Mr. Richard Perez (Age 53)
CFO & Corporate Controller
Mr. Brendan Hopkins
Investor Relations Contact

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MICS Stock Analysis - Frequently Asked Questions

Should I buy or sell Singing Machine stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Singing Machine in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" MICS shares.
View MICS analyst ratings or view top-rated stocks.
What is Singing Machine's stock price target for 2024?: 1 brokers have issued 1-year price objectives for Singing Machine's stock. Their MICS share price targets range from $4.00 to $4.00. On average, they predict the company's stock price to reach $4.00 in the next twelve months. This suggests a possible upside of 440.6% from the stock's current price.
View analysts price targets for MICS or view top-rated stocks among Wall Street analysts.
How have MICS shares performed in 2024?: Singing Machine's stock was trading at $1.01 at the beginning of 2024. Since then, MICS stock has decreased by 26.7% and is now trading at $0.7399.
View the best growth stocks for 2024 here.
Are investors shorting Singing Machine?: Singing Machine saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 26,200 shares, a decline of 43.4% from the March 15th total of 46,300 shares. Based on an average daily trading volume, of 28,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 3.8% of the company's shares are short sold.
View Singing Machine's Short Interest.

When is Singing Machine's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024.
View our MICS earnings forecast.
When did Singing Machine IPO?: Singing Machine (MICS) raised $4 million in an initial public offering (IPO) on Tuesday, May 24th 2022. The company issued 1,000,000 shares at $4.00 per share. Aegis Capital Corp. acted as the underwriter for the IPO.
How do I buy shares of Singing Machine?: Shares of MICS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MICS) was last updated on 4/19/2024 by MarketBeat.com Staff

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Singing Machine (MICS) Stock Price, News & Analysis

Singing Machine MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Singing Machine Stock (NASDAQ:MICS)

MICS Stock Price History

MICS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

MICS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™