The Singing Machine Stock Beta
| MICS Stock | USD 1.01 0.02 1.94% |
The Singing Machine fundamentals help investors to digest information that contributes to Singing Machine's financial success or failures. It also enables traders to predict the movement of Singing Stock. The fundamental analysis module provides a way to measure Singing Machine's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Singing Machine stock.
Singing | Beta |
The Singing Machine Company Beta Analysis
Singing Machine's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Singing Machine Beta | -0.009 |
Most of Singing Machine's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, The Singing Machine is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Singing Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Singing Machine is extremely important. It helps to project a fair market value of Singing Stock properly, considering its historical fundamentals such as Beta. Since Singing Machine's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Singing Machine's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Singing Machine's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, The Singing Machine has a Beta of -0.009. This is 100.85% lower than that of the Textiles, Apparel & Luxury Goods sector and 101.07% lower than that of the Consumer Discretionary industry. The beta for all United States stocks is 94.0% lower than that of the firm.
Singing Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Singing Machine's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. 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 of similar companies.Singing Machine is currently under evaluation in beta category among related companies.
Singing Machine Current Valuation Drivers
We derive many important indicators used in calculating different scores of Singing Machine from analyzing Singing Machine's financial statements. These drivers represent accounts that assess Singing Machine's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Singing Machine's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 5.4M | 15.9M | 6.8M | 4.4M | 4.9M | 4.7M | |
| Enterprise Value | 6.9M | 18.9M | 8.9M | 2.3M | 2.1M | 2.0M |
Singing Machine Institutional Holders
Institutional Holdings refers to the ownership stake in Singing Machine that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Singing Machine's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Singing Machine's value.| Shares | Wells Fargo & Co | 2023-12-31 | 16.0 | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 3.0 | Cable Car Capital Llc | 2023-12-31 | 155 K | Perritt Capital Management Inc. | 2023-12-31 | 95.4 K | Quinn Opportunity Partners Llc | 2023-12-31 | 51.4 K | Two Sigma Advisers, Llc | 2023-12-31 | 45.6 K | Renaissance Technologies Corp | 2023-12-31 | 17.2 K | Geode Capital Management, Llc | 2023-12-31 | 14.1 K | Two Sigma Investments Llc | 2023-12-31 | 12.4 K | Tower Research Capital Llc | 2023-12-31 | 6.8 K | Advisor Group Holdings, Inc. | 2023-12-31 | 379 |
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.
Singing Fundamentals
| Return On Equity | -0.59 | ||||
| Return On Asset | -0.13 | ||||
| Profit Margin | (0.22) % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 7.21 M | ||||
| Shares Outstanding | 6.42 M | ||||
| Shares Owned By Insiders | 72.00 % | ||||
| Shares Owned By Institutions | 8.94 % | ||||
| Number Of Shares Shorted | 26.03 K | ||||
| Price To Earning | 27.90 X | ||||
| Price To Book | 0.56 X | ||||
| Price To Sales | 0.19 X | ||||
| Revenue | 38.93 M | ||||
| Gross Profit | 9.21 M | ||||
| EBITDA | (7.81 M) | ||||
| Net Income | (8.53 M) | ||||
| Cash And Equivalents | 2.98 M | ||||
| Cash Per Share | 0.96 X | ||||
| Total Debt | 3.92 M | ||||
| Debt To Equity | 0.26 % | ||||
| Current Ratio | 1.70 X | ||||
| Book Value Per Share | 1.18 X | ||||
| Cash Flow From Operations | 548 K | ||||
| Short Ratio | 1.20 X | ||||
| Earnings Per Share | (2.34) X | ||||
| Target Price | 4.0 | ||||
| Number Of Employees | 27 | ||||
| Beta | -0.009 | ||||
| Market Capitalization | 6.48 M | ||||
| Total Asset | 27.71 M | ||||
| Retained Earnings | (25.91 M) | ||||
| Working Capital | 9.07 M | ||||
| Net Asset | 27.71 M |
About Singing Machine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze The 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 The 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.
Please read more on our fundamental analysis page.
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Try AI Portfolio ArchitectCheck out Singing Machine Piotroski F Score and Singing Machine Altman Z Score analysis. Note that the Singing Machine information on this page should be used as a complementary analysis to other Singing Machine's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for Singing Stock analysis
When running Singing Machine's price analysis, check to measure Singing Machine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Singing Machine is operating at the current time. Most of Singing Machine's value examination focuses on studying past and present price action to predict the probability of Singing Machine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Singing Machine's price. Additionally, you may evaluate how the addition of Singing Machine to your portfolios can decrease your overall portfolio volatility.
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Is Singing Machine's industry 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 Singing Machine. If investors know Singing 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 Singing Machine 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 (0.75) | Earnings Share (2.34) | Revenue Per Share 8.003 | Quarterly Revenue Growth (0.07) | Return On Assets (0.13) |
The market value of Singing Machine is measured differently than its book value, which is the value of Singing that is recorded on the company's balance sheet. Investors also form their own opinion of Singing Machine's value that differs from its market value or its book value, called intrinsic value, which is Singing Machine'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 Singing Machine's market value can be influenced by many factors that don't directly affect Singing Machine'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 Singing Machine's value and its price as these two are different measures arrived at by different means. Investors typically determine if Singing Machine is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Singing Machine'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.