Millennium Group International Stock Today
| MGIH Stock | 1.60 0.02 1.27% |
Performance0 of 100
| Odds Of DistressOver 51
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Millennium Group is trading at 1.60 as of the 22nd of November 2024. This is a 1.27 percent up since the beginning of the trading day. The stock's open price was 1.58. Millennium Group has 51 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. Equity ratings for Millennium Group International are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of November 2023 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Materials | IPO Date 4th of April 2023 | Category Consumer Cyclical |
Millennium Group is entity of United States. It is traded as Stock on NASDAQ exchange. The company has 11.25 M outstanding shares of which 4.02 K shares are now shorted by private and institutional investors with about 0.15 trading days to cover. More on Millennium Group International
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Millennium Stock Highlights
| CEO Director | Ming Lai | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Business Services (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Metals & Mining, Packaging & Containers, Consumer Cyclical, NASDAQ Composite, Business Services, Materials, Metals & Mining, Specialty Business Services, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsMillennium Group can leverage 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 Millennium Group's financial leverage. It provides some insight into what part of Millennium Group's total assets is financed by creditors.
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Millennium Group International (MGIH) is traded on NASDAQ Exchange in USA. It is located in No.1 Hung To Road, Kwun Tong, Hong Kong, 999077 and employs 498 people. Millennium Group is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 17.77 M. Millennium Group Int conducts business under Metals & Mining sector and is part of Materials industry. The entity has 11.25 M outstanding shares of which 4.02 K shares are now shorted by private and institutional investors with about 0.15 trading days to cover.
Millennium Group generates negative cash flow from operations
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Ownership AllocationThe market capitalization of Millennium Group International is USD17.77 Million. Millennium Group International secures 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's outstanding shares. 88.88 % of Millennium Group International outstanding shares that are owned by insiders conveys that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
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Millennium Group Corporate Executives
Elected by the shareholders, the Millennium Group's board of directors comprises two types of representatives: Millennium Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Millennium. The board's role is to monitor Millennium Group's management team and ensure that shareholders' interests are well served. Millennium Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Millennium Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
When determining whether Millennium Group Int offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Millennium Group's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Millennium Group International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Millennium Group International Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Millennium Group 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 gross domestic product. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
Is Diversified Metals & Mining 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 Millennium Group. If investors know Millennium 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 Millennium Group 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 (0.50) | Earnings Share (0.78) | Revenue Per Share 3.425 | Quarterly Revenue Growth (0.24) | Return On Assets (0.08) |
The market value of Millennium Group Int is measured differently than its book value, which is the value of Millennium that is recorded on the company's balance sheet. Investors also form their own opinion of Millennium Group's value that differs from its market value or its book value, called intrinsic value, which is Millennium Group'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 Millennium Group's market value can be influenced by many factors that don't directly affect Millennium Group'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 Millennium Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if Millennium Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Millennium Group'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.