The Singing Machine Performance
| MICSDelisted Stock | USD 0.25 0.01 4.38% |
The entity has a beta of -0.0885, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Singing Machine are expected to decrease at a much lower rate. During the bear market, Singing Machine is likely to outperform the market. At this point, Singing Machine has a negative expected return of -0.7%. Please make sure to validate Singing Machine's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Singing Machine performance from the past will be repeated at some point in the near future.
Risk-Adjusted Performance
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Over the last 90 days The Singing Machine has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of uncertain performance in the last few months, the Stock's fundamental indicators remain comparatively stable which may send shares a bit higher in December 2024. The newest uproar may also be a sign of mid-term up-swing for the firm private investors. ...more
| Begin Period Cash Flow | 2.3 M |
Singing |
Singing Machine Relative Risk vs. Return Landscape
If you would invest 45.00 in The Singing Machine on August 24, 2024 and sell it today you would lose (20.14) from holding The Singing Machine or give up 44.76% of portfolio value over 90 days. The Singing Machine is currently does not generate positive expected returns and assumes 10.1933% risk (volatility on return distribution) over the 90 days horizon. In different words, 90% of stocks are less volatile than Singing, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Singing Machine Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Singing Machine's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as The Singing Machine, and traders can use it to determine the average amount a Singing Machine's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0684
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| Negative Returns | MICS |
Estimated Market Risk
| 10.19 actual daily | 90 90% of assets are less volatile |
Expected Return
| -0.7 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Singing Machine is not performing at its full potential. However, 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 Singing Machine by adding Singing Machine to a well-diversified portfolio.
Singing Machine Fundamentals Growth
Singing Stock prices reflect investors' perceptions of the future prospects and financial health of Singing Machine, and Singing Machine fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Singing Stock performance.
| Return On Equity | -0.59 | |||
| Return On Asset | -0.13 | |||
| Profit Margin | (0.31) % | |||
| Operating Margin | (0.93) % | |||
| Current Valuation | 10.26 M | |||
| Shares Outstanding | 9.74 M | |||
| Price To Earning | 27.90 X | |||
| Price To Book | 1.25 X | |||
| Price To Sales | 0.19 X | |||
| Revenue | 38.93 M | |||
| EBITDA | (7.81 M) | |||
| Cash And Equivalents | 2.98 M | |||
| Cash Per Share | 0.96 X | |||
| Total Debt | 4.01 M | |||
| Debt To Equity | 0.26 % | |||
| Book Value Per Share | (0.14) X | |||
| Cash Flow From Operations | 548 K | |||
| Earnings Per Share | (1.47) X | |||
| Total Asset | 27.71 M | |||
| Retained Earnings | (25.91 M) | |||
About Singing Machine Performance
Assessing Singing Machine's fundamental ratios provides investors with valuable insights into Singing Machine's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Singing Machine is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
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. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida. Singing Machine operates under Consumer Electronics classification in the United States and is traded on NASDAQ Exchange. It employs 32 people.Things to note about Singing Machine performance evaluation
Checking the ongoing alerts about Singing Machine for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Singing Machine help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| Singing Machine is now traded under the symbol RIME. Please update your portfolios or report it if you believe this is an error. Report It! | |
| Singing Machine is not yet fully synchronised with the market data | |
| Singing Machine generated a negative expected return over the last 90 days | |
| Singing Machine has high historical volatility and very poor performance | |
| Singing Machine has some characteristics of a very speculative penny stock | |
| Singing Machine has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 38.93 M. Net Loss for the year was (8.53 M) with profit before overhead, payroll, taxes, and interest of 9.21 M. | |
| About 47.0% of the company outstanding shares are owned by corporate insiders |
- Analyzing Singing Machine's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Singing Machine's stock is overvalued or undervalued compared to its peers.
- Examining Singing Machine's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Singing Machine's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Singing Machine's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Singing Machine's stock. These opinions can provide insight into Singing Machine's potential for growth and whether the stock is currently undervalued or overvalued.
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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
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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