Acquisition by Bitnile Holdings, Inc. of 8800 shares of Singing Machine at 7.6803 subject to Rule 16b-3

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.
  
Filed transaction by The Singing Machine 10 Percent Owner. Grant, award or other acquisition pursuant to Rule 16b-3

Read at macroaxis.com
Acquisition of 8800 common stock at 7.6803 of Singing Machine by Bitnile Holdings, Inc. on 1st of April 2024. This event was filed by The Singing Machine with SEC on 2022-07-28. Statement of changes in beneficial ownership - SEC Form 4

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.

Current Valuation

Current Valuation Comparative Analysis

Singing Machine is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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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