In yesterday’s Wall Street session, Minim Inc. (NASDAQ:MINM) shares traded at $0.16, down -9.71% from the previous session.
As of this writing, 1 analysts cover Minim Inc. (NASDAQ:MINM). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $0.50 and a low of $0.50, we find $0.50. Given the previous closing price of $0.17, this indicates a potential upside of 194.12 percent. MINM stock price is now -23.61% away from the 50-day moving average and -44.70% away from the 200-day moving average. The market capitalization of the company currently stands at $7.24M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $0.50 as their price target over the next twelve months.
With the price target of $4, B. Riley Securities recently initiated with Buy rating for Minim Inc. (NASDAQ: MINM)..
A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MINM stock. A new stake in Minim Inc. shares was purchased by B. RILEY SECURITIES, INC. during the first quarter worth $247,000. MILLENNIUM MANAGEMENT LLC invested $6,000 in shares of MINM during the first quarter. In the first quarter, TWO SIGMA SECURITIES, LLC acquired a new stake in Minim Inc. valued at approximately $4,000. ERGOTELES LLC acquired a new stake in MINM for approximately $2,000. In total, there are 19 active investors with 7.40% ownership of the company’s stock.
Tuesday morning saw Minim Inc. (NASDAQ: MINM) opened at $0.1697. During the past 12 months, Minim Inc. has had a low of $0.14 and a high of $1.26. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 2.00, and a quick ratio of 0.40. The fifty day moving average price for MINM is $0.2072 and a two-hundred day moving average price translates $0.2862 for the stock.
The latest earnings results from Minim Inc. (NASDAQ: MINM) was released for Sep, 2022. According to the Communication Equipment Company, earnings per share came in at -$0.08, missing analysts’ expectations of -$0.03 by -0.05. This compares to $0.04 EPS in the same period last year. The net profit margin was -25.40% and return on equity was -49.20% for MINM. The company reported revenue of $13.83 million for the quarter, compared to $15.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.0 percent. For the current quarter, analysts expect MINM to generate $14.5M in revenue.
Minim Inc.(MINM) Company Profile
Minim, Inc., together with its subsidiaries, designs, develops, sells, and supports an Internet of Things security platform in North America and internationally. It offers hardware products, including cable modems, cable modem/routers, gateways, mobile broadband modems, wireless routers, multimedia over coax adapters, mesh home networking devices, and other local area network products. The company also provides Minim mobile applications for end users to personalize and monitor their home and office network for speed testing, data usage tracking, security alerts, malware blocking, privacy settings, and parental controls; and Minim web application that enables technical support representatives of Internet Service Providers (ISPs) and businesses to offer remote support with network insights. In addition, it offers Minim API suite and MinimOS for third-party hardware vendors, ISPs, and other partners to integrate with the Minim platform and functionality; to manage their own account data; and to integrate with third-party router firmware. The company offers its products under the ZOOM, Motorola, and Minim brands. It sells its products through direct sales force and commissioned independent sales representatives to retailers; and retailers, distributors, ISPs, individual businesses, service providers, value-added resellers, PC system integrators, original equipment manufacturers, channel resellers, electronics distributors, and e-commerce platforms. The company was formerly known as ZoomTelephonics, Inc. and changed its name to Minim, Inc. in June 2021. Minim, Inc. was incorporated in 1977 and is headquartered in Manchester, New Hampshire.
