Singing Machine (MICS) Stock Price, News & Analysis

Company Overview

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, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.

Key Stats

• Today's Range: $0.39 to $0.44
• 50-Day Range: $0.39 to $0.76
• 52-Week Range: $0.35 to $1.97
• Volume: 4.42 million shs
• Average Volume: 255,673 shs
• Market Capitalization: $1.80 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Buy

Singing Machine Stock Analysis - MarketRank™

Singing Machine scored higher than 40% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Singing Machine has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Singing Machine has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Book Value per Share Ratio

Singing Machine has a P/B Ratio of 0.34. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for MICS.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Singing Machine does not currently pay a dividend.

Dividend Growth

Singing Machine does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for MICS.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

Singing Machine has a news sentiment score of 0.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Singing Machine this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Singing Machine insiders have not sold or bought any company stock.

Percentage Held by Insiders

47.50% of the stock of Singing Machine is held by insiders. A high percentage of insider ownership can be a sign of company health.

MICS Stock Analysis - Frequently Asked Questions

How have MICS shares performed this year?

Singing Machine's stock was trading at $1.01 on January 1st, 2024. Since then, MICS shares have decreased by 57.8% and is now trading at $0.4263.
View the best growth stocks for 2024 here.

How were Singing Machine's earnings last quarter?

The Singing Machine Company, Inc. (NASDAQ:MICS) announced its quarterly earnings data on Monday, August, 19th. The company reported ($0.95) earnings per share for the quarter. The business had revenue of $2.44 million for the quarter.

When did Singing Machine IPO?

Singing Machine (MICS) raised $4 million in an initial public offering on Tuesday, May 24th 2022. The company issued 1,000,000 shares at $4.00 per share. Aegis Capital Corp. served as the underwriter for the IPO.

How do I buy shares of Singing Machine?

Shares of MICS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Singing Machine own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Singing Machine investors own include Opera (OPRA), Alimera Sciences (ALIM), AirNet Technology (ANTE), Angion Biomedica (ANGN), Alpine Summit Energy Partners (ALPS), Aceragen (ACGN) and Aptorum Group (APM).

Company Calendar

• Last Earnings: 8/19/2024
• Today: 10/23/2024
• Next Earnings (Estimated): 11/18/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Prerecorded records & tapes
• Sub-Industry: Recreation
• Current Symbol: NASDAQ:MICS
• CUSIP: N/A
• CIK: 923601
• Web: www.singingmachine.com
• Phone: (954) 596-1000
• Fax: 954-596-2000
• Employees: 30
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $4.00
• High Stock Price Target: $4.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +838.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,370,000.00
• Net Margins: N/A
• Pretax Margin: -40.33%
• Return on Equity: -155.23%
• Return on Assets: -36.24%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.30
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: $29.05 million
• Price / Sales: 0.06
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.24 per share
• Price / Book: 0.34

Miscellaneous

• Outstanding Shares: 4,220,000
• Free Float: 2,216,000
• Market Cap: $1.80 million
• Optionable: Not Optionable
• Beta: 0.19