The Singing Machine Company, Inc. (MICS)

NASDAQ: MICS · IEX Real-Time Price · USD
0.910
-0.080 (-8.08%)
Mar 28, 2024, 4:00 PM EDT - Market closed

Total Valuation

MICS has a market cap or net worth of $6.26 million. The enterprise value is $6.98 million.

Market Cap 6.26M
Enterprise Value 6.98M

Important Dates

The next estimated earnings date is Tuesday, April 9, 2024, before market open.

Earnings Date Apr 9, 2024
Ex-Dividend Date n/a

Share Statistics

MICS has 3.15 million shares outstanding. The number of shares has increased by 16.90% in one year.

Shares Outstanding 3.15M
Shares Change (YoY) +16.90%
Shares Change (QoQ) +8.98%
Owned by Insiders (%) 72.03%
Owned by Institutions (%) 9.90%
Float 1.32M

Valuation Ratios

PE Ratio n/a
Forward PE 17.84
PS Ratio 0.22
Forward PS 0.19
PB Ratio 0.65
P/FCF Ratio 3.28
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 0.24
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF 3.66

Financial Position

The company has a current ratio of 1.46, with a Debt / Equity ratio of 0.41.

Current Ratio 1.46
Quick Ratio 0.75
Debt / Equity 0.41
Debt / EBITDA n/a
Debt / FCF 2.07
Interest Coverage -42.11

Financial Efficiency

Return on equity (ROE) is -68.10% and return on invested capital (ROIC) is -49.61%.

Return on Equity (ROE) -68.10%
Return on Assets (ROA) -32.90%
Return on Capital (ROIC) -49.61%
Revenue Per Employee $785,112
Profits Per Employee -$196,786
Employee Count 37
Asset Turnover 1.31
Inventory Turnover 1.54

Taxes

In the past 12 months, MICS has paid $933,198 in taxes.

Income Tax 933,198
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -55.41% in the last 52 weeks. The beta is -0.01, so MICS's price volatility has been lower than the market average.

Beta (1Y) -0.01
52-Week Price Change -55.41%
50-Day Moving Average 0.87
200-Day Moving Average 1.12
Relative Strength Index (RSI) 43.16
Average Volume (30 Days) 30,285

Short Selling Information

The latest short interest is 46,281, so 1.47% of the outstanding shares have been sold short.

Short Interest 46,281
Short Previous Month 115,299
Short % of Shares Out 1.47%
Short % of Float 3.50%
Short Ratio (days to cover) 0.89

Income Statement

In the last 12 months, MICS had revenue of $29.05 million and -$7.28 million in losses. Loss per share was -$2.28.

Revenue 29.05M
Gross Profit 6.65M
Operating Income -6.75M
Pretax Income -6.35M
Net Income -7.28M
EBITDA -5.43M
EBIT -6.20M
Loss Per Share -$2.28
Full Income Statement

Balance Sheet

The company has $3.21 million in cash and $3.94 million in debt, giving a net cash position of -$725,198 or -$0.23 per share.

Cash & Cash Equivalents 3.21M
Total Debt 3.94M
Net Cash -725,198
Net Cash Per Share -$0.23
Equity / Book Value 9.68M
Book Value Per Share 3.07
Working Capital 8.71M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $2.08 million and capital expenditures -$170,046, giving a free cash flow of $1.91 million.

Operating Cash Flow 2.08M
Capital Expenditures -170,046
Free Cash Flow 1.91M
FCF Per Share $0.45
Full Cash Flow Statement

Margins

Gross margin is 22.88%, with operating and profit margins of -23.25% and -25.06%.

Gross Margin 22.88%
Operating Margin -23.25%
Pretax Margin -21.85%
Profit Margin -25.06%
EBITDA Margin -18.68%
EBIT Margin -21.35%
FCF Margin 6.56%

Dividends & Yields

MICS does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -16.90%
Shareholder Yield -16.90%
Earnings Yield -116.39%
FCF Yield 30.47%

Analyst Forecast

The average price target for MICS is $4.00, which is 339.56% higher than the current price. The consensus rating is "Strong Buy".

Price Target $4.00
Price Target Difference 339.56%
Analyst Consensus Strong Buy
Analyst Count 1
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on May 24, 2022. It was a reverse split with a ratio of 1:30.

Last Split Date May 24, 2022
Split Type Reverse
Split Ratio 1:30

Scores

MICS has an Altman Z-Score of -0.19 and a Piotroski F-Score of 2. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -0.19
Piotroski F-Score 2