Singing Machine Announces Distribution License Agreement for Singing Machine Product Sales in the Peoples Republic of China

MICSDelisted Stock  USD 0.35  0.05  16.67%   
Slightly above 56% of all Singing Machine's private investors are looking to take a long position. The analysis of current outlook of investing in The Singing Machine suggests that some traders are interested regarding Singing Machine's prospects. Singing Machine's investing sentiment can be driven by a variety of factors including economic data, Singing Machine's earnings reports, geopolitical events, and overall market trends.
  
Company expands presence into China market with online sales to JD.com Fort Lauderdale, FL, March 20, 2024 -- The Singing Machine...

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Singing Machine Fundamental Analysis

We analyze Singing Machine's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Singing Machine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Singing Machine based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Profit Margin

Profit Margin Comparative Analysis

Singing Machine is currently under evaluation in profit margin category among its peers. Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.

Singing Machine Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Singing Machine stock to make a market-neutral strategy. Peer analysis of Singing Machine could also be used in its relative valuation, which is a method of valuing Singing Machine by comparing valuation metrics with similar companies.

Peers

Singing Machine Related Equities

UEICUniversal Electronics   5.35   
0%
23.0%
SONOSonos   3.45   
0%
14.0%
GPROGoPro   1.63   
0%
7.0%
AAPLApple   0.95   
0%
4.0%
LPLLG Display   0.59   
0%
2.0%
SONYSony Group   0.20   
1.0%
0%
VZIOVizio Holding   0.35   
1.0%
0%
MSNEmerson Radio   2.44   
10.0%
0%
KOSSKoss   3.04   
13.0%
0%
ZEPPZepp Health   5.73   
24.0%
0%
WLDSWearable Devices   13.47   
58.0%
0%
WLDSWWearable Devices   23.08   
100.0%
0%
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Other Consideration for investing in Singing Stock

If you are still planning to invest in Singing Machine check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Singing Machine's history and understand the potential risks before investing.
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