Mingteng International Stock Price on May 7, 2024
| MTEN Stock | 5.74 0.04 0.70% |
If you're considering investing in Mingteng Stock, it is important to understand the factors that can impact its price. As of today, the current price of Mingteng International stands at 5.74, as last reported on the 11th of December 2024, with the highest price reaching 5.86 and the lowest price hitting 5.20 during the day. Mingteng International appears to be very risky, given 3 months investment horizon. Mingteng International has Sharpe Ratio of 0.0826, which conveys that the firm had a 0.0826% return per unit of risk over the last 3 months. By analyzing Mingteng International's technical indicators, you can evaluate if the expected return of 0.76% is justified by implied risk. Please exercise Mingteng International's Risk Adjusted Performance of 0.0717, downside deviation of 7.42, and Mean Deviation of 4.57 to check out if our risk estimates are consistent with your expectations.
At this time, Mingteng International's Total Stockholder Equity is very stable compared to the past year. As of the 11th of December 2024, Liabilities And Stockholders Equity is likely to grow to about 11.2 M, while Common Stock Shares Outstanding is likely to drop about 4 M. . At this time, Mingteng International's Price Earnings To Growth Ratio is very stable compared to the past year. As of the 11th of December 2024, Price To Operating Cash Flows Ratio is likely to grow to 14.13, while Price To Sales Ratio is likely to drop 2.04. Mingteng Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Mingteng |
Sharpe Ratio = 0.0826
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Estimated Market Risk
| 9.15 actual daily | 81 81% of assets are less volatile |
Expected Return
| 0.76 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Mingteng International is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Mingteng International by adding it to a well-diversified portfolio.
Price Book 3.6983 | Enterprise Value Ebitda 23.4581 | Price Sales 3.8689 | Shares Float 1.2 M | Earnings Share 0.09 |
Mingteng International Valuation on May 7, 2024
It is possible to determine the worth of Mingteng International on a given historical date. On May 7, 2024 Mingteng was worth 5.38 at the beginning of the trading date compared to the closed value of 6.5. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Mingteng International stock. Still, in general, we apply an absolute valuation method to find Mingteng International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Mingteng International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Mingteng International's related companies.
| Open | High | Low | Close | Volume | |
| 4.47 | 5.41 | 4.41 | 5.41 | 151,318 | |
05/07/2024 | 5.38 | 6.98 | 5.10 | 6.50 | 369,354 |
| 6.55 | 7.13 | 6.33 | 7.00 | 316,077 |
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Mingteng International Trading Date Momentum on May 7, 2024
| On May 08 2024 Mingteng International was traded for 7.00 at the closing time. The top price for the day was 7.13 and the lowest listed price was 6.33 . The trading volume for the day was 316.1 K. The trading history from May 8, 2024 was a factor to the next trading day price boost. The trading delta at closing time against the next closing price was 7.69% . The trading delta at closing time against the current closing price is 7.23% . |
Mingteng International Fundamentals Correlations and Trends
By evaluating Mingteng International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Mingteng International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Mingteng financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Mingteng International Stock history
Mingteng International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Mingteng is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Mingteng International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Mingteng International stock prices may prove useful in developing a viable investing in Mingteng International
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.5 M | 4 M |
Mingteng International Quarterly Net Working Capital |
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Mingteng International Stock Technical Analysis
Mingteng International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Mingteng International Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
Mingteng International cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Mingteng International December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Mingteng International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Mingteng International shares will generate the highest return on investment. By undertsting and applying Mingteng International stock market strength indicators, traders can identify Mingteng International entry and exit signals to maximize returns
Mingteng International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Mingteng International's price direction in advance. Along with the technical and fundamental analysis of Mingteng Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Mingteng to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0717 | |||
| Jensen Alpha | 0.7935 | |||
| Total Risk Alpha | (0.65) | |||
| Sortino Ratio | 0.0879 | |||
| Treynor Ratio | (3.29) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mingteng International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Is Automotive Parts & Equipment space 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 Mingteng International. If investors know Mingteng 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 Mingteng International 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 (0.18) | Earnings Share 0.09 | Revenue Per Share 1.749 | Quarterly Revenue Growth 0.267 | Return On Assets 0.0407 |
The market value of Mingteng International is measured differently than its book value, which is the value of Mingteng that is recorded on the company's balance sheet. Investors also form their own opinion of Mingteng International's value that differs from its market value or its book value, called intrinsic value, which is Mingteng International'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 Mingteng International's market value can be influenced by many factors that don't directly affect Mingteng International'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 Mingteng International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingteng International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingteng International'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.