The Singing Machine Company, Inc. (MICS)

MICS Stock Forecast

Stock Price Forecast

The 1 analyst with a 12-month price forecast for MICS stock has a target of 4.00, which predicts an increase of 381.93% from the current stock price of 0.83.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$4.00	$4.00	$4.00	$4.00
Change	+381.93%	+381.93%	+381.93%	+381.93%

* Price targets were last updated on Nov 13, 2023.

Analyst Ratings

According to 1 stock analyst, the rating for MICS is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Mar '24	Apr '24
Strong Buy	1	1
Buy	0	0
Hold	0	0
Sell	0	0
Strong Sell	0	0
Total	1	1

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Edward Woo Ascendiant Capital	Ascendiant Capital	Strong Buy Initiates $4	Strong Buy	Initiates	$4	+381.93%	Nov 13, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

39.78M

Increased by 1.22%

from 39.30M

Revenue Next Year

n/a

from 39.78M

EPS This Year

0.04

from -1.65

EPS Next Year

n/a

from 0.04

Year	2018	2019	2020	2021	2022	2023
Revenue	44.20M	38.50M	45.80M	47.51M	39.30M	39.78M
Revenue Growth	-27.32%	-12.89%	18.97%	3.73%	-17.29%	1.22%
EPS	0.60	-2.10	1.67	0.14	-1.65	0.04
EPS Growth	-	-	-	-91.62%	-	-
No. Analysts	-	-	-	-	-	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2023
High	41.0M
Avg	39.8M
Low	38.2M

Revenue Growth

Revenue Growth	2023
High	4.2%
Avg	1.2%
Low	-2.7%

EPS Forecast

EPS	2023
High	0.04
Avg	0.04
Low	0.04

EPS Growth

EPS Growth	2023
High	-
Avg	-
Low	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.