Singing Stock Today

MICS
 Stock
  

USD 8.20  0.45  5.20%   

Market Performance
7 of 100
Odds Of Distress
Less than 42
Singing Machine is selling at 8.20 as of the 17th of August 2022; that is -5.2% down since the beginning of the trading day. The stock's lowest day price was 8.2. Singing Machine has about a 42 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Singing Machine are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of July 2022 and ending today, the 17th of August 2022. Please note, there could be an existing legal relationship between Singing Machine (MICS) and SINGING MACHINE INC (SMDM). Click here to learn more.
Fiscal Year End
March
IPO Date
6th of January 2016
Category
Technology
ISIN
US8293224031
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, Europe, and Australia. The Singing Machine Company, Inc. The company has 3.02 M outstanding shares of which 158.23 K shares are now shorted by private and institutional investors with about 2.85 trading days to cover. More on Singing Machine

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Singing Machine Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. If you consider yourself one of those investors, make sure you clearly understand your entering position. Singing Machine's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Singing Machine or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Singing Machine is way too risky over 90 days horizon
Singing Machine appears to be risky and price may revert if volatility continues
Singing Machine currently holds about 2.29 M in cash with (2.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.76.
Singing Machine has a strong financial position based on the latest SEC filings
Roughly 69.0% of the company outstanding shares are owned by corporate insiders
Latest headline from MacroaxisInsider: Purchase by Bitnile Holdings Inc of 6895 shares of Singing Machine
Related EntitySMDM (SINGING MACHINE INC)
Thematic IdeaRecreation (view all)
Fama & French Classification
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Singing Machine based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Singing Machine financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
StrongDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares1.6 M1.6 M
Slightly Down
Increasing
Slightly volatile
Weighted Average Shares Diluted1.6 M1.6 M
Slightly Down
Increasing
Slightly volatile
Net Cash Flow from Operations(2.1 M)(2 M)
Fairly Down
Decreasing
Slightly volatile
Total Assets19.4 M22.7 M
Fairly Down
Increasing
Slightly volatile
Total Liabilities10.9 M12.6 M
Fairly Down
Increasing
Slightly volatile
Current Assets16.7 M19.8 M
Fairly Down
Increasing
Slightly volatile
Current Liabilities10 M12 M
Significantly Down
Increasing
Slightly volatile
Total Debt3.8 M4.4 M
Fairly Down
Increasing
Stable
Return on Average Assets0.00820.008
Fairly Up
Decreasing
Slightly volatile
Gross Margin0.250.228
Significantly Up
Increasing
Slightly volatile
Asset Turnover1.841.671
Significantly Up
Decreasing
Slightly volatile
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Singing Machine's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellOvervalued
Financial Strength
Singing Machine's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Singing Machine's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Singing Machine's financial leverage. It provides some insight into what part of Singing Machine's total assets is financed by creditors.
Share Download
Share Download
By using current balance sheet information, investors can analyze the liability, assets, and equity on Singing Machine's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Singing Machine deploys its capital and how much of that capital is borrowed.
Liquidity
Singing Machine cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 4.42 M in liabilities with Debt to Equity (D/E) ratio of 0.44, which is about average as compared to similar companies. Singing Machine has a current ratio of 1.62, which is within standard range for the sector. Debt can assist Singing Machine until it has trouble settling it off, either with new capital or with free cash flow. So, Singing Machine's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Singing Machine sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Singing to invest in growth at high rates of return. When we think about Singing Machine's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(2.06 Million)
Singing Machine (MICS) is traded on NASDAQ Exchange in USA. It is located in 6301 NW 5th Way and employs 32 people. Singing Machine is listed under Recreation category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with current market capitalization of 24.65 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Singing Machine's market, we take the total number of its shares issued and multiply it by Singing Machine's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Singing Machine conducts business under Technology sector and is part of Consumer Electronics industry. The entity has 3.02 M outstanding shares of which 158.23 K shares are now shorted by private and institutional investors with about 2.85 trading days to cover. Singing Machine currently holds about 2.29 M in cash with (2.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.76.
Check Singing Machine Probability Of Bankruptcy
Ownership
The market capitalization of Singing Machine is $24.65 Million. Singing Machine has majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company outstanding shares. 68.7 % of Singing Machine outstanding shares that are owned by insiders indicates they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the company is less than the current market value, you may not be able generate positive returns on investment in the long run.

Ownership Allocation (%)

Check Singing Ownership Details

Singing Stock Price Odds Analysis

What are Singing Machine's target price odds to finish over the current price? In regard to a normal probability distribution, the odds of Singing Machine jumping above the current price in 90 days from now is about 24.41%. The Singing Machine probability density function shows the probability of Singing Machine stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days Singing Machine has a beta of -1.2406. This indicates as returns on its benchmark rise, returns on holding Singing Machine are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Singing Machine is expected to outperform its benchmark. Moreover, the company has an alpha of 1.4042, implying that it can generate a 1.4 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 8.2HorizonTargetOdds Above 8.2
75.52%90 days
 8.20 
24.41%
Based on a normal probability distribution, the odds of Singing Machine to move above the current price in 90 days from now is about 24.41 (This Singing Machine probability density function shows the probability of Singing Stock to fall within a particular range of prices over 90 days) .

Singing Machine Historical Income Statement

Singing Machine Income Statement is one of the three primary financial statements used for reporting Singing's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Singing Machine revenue and expense. Singing Machine Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Singing Machine Operating Expenses is relatively stable at the moment as compared to the past year. Singing Machine reported last year Operating Expenses of 10.75 Million. As of 08/17/2022, Operating Income is likely to grow to about 71.1 K, while Weighted Average Shares is likely to drop slightly above 1.6 M. View More Fundamentals

Singing Stock Against Markets

Picking the right benchmark for Singing Machine stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Singing Machine stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Singing Machine is critical whether you are bullish or bearish towards Singing Machine at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Singing Machine without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

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Invested in Singing Machine?

You need to understand the risk of investing before taking a position in Singing Machine. The danger of trading Singing Machine is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Singing Machine is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Singing Machine. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Singing Machine is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, see Stocks Correlation. Note that the Singing Machine information on this page should be used as a complementary analysis to other Singing Machine's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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When running Singing Machine price analysis, check to measure Singing Machine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Singing Machine is operating at the current time. Most of Singing Machine's value examination focuses on studying past and present price action to predict the probability of Singing Machine's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Singing Machine's price. Additionally, you may evaluate how the addition of Singing Machine to your portfolios can decrease your overall portfolio volatility.
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Is Singing Machine's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Singing Machine. If investors know Singing will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Singing Machine listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.11
Market Capitalization
26.1 M
Quarterly Revenue Growth YOY
-0.19
Return On Assets
0.0022
Return On Equity
0.0257
The market value of Singing Machine is measured differently than its book value, which is the value of Singing that is recorded on the company's balance sheet. Investors also form their own opinion of Singing Machine's value that differs from its market value or its book value, called intrinsic value, which is Singing Machine's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Singing Machine's market value can be influenced by many factors that don't directly affect Singing Machine's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Singing Machine's value and its price as these two are different measures arrived at by different means. Investors typically determine Singing Machine value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Singing Machine's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.