The shares of Inc (MCOM) have recorded the market capitalization of 3.65M

The stock of Inc (NASDAQ:MCOM) last traded at $0.03, down -19.38% from the previous session.

Data from the available sources indicates that Inc (NASDAQ:MCOM) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $650.00 and a low of $650.00, we find $650.00. Given the previous closing price of $0.03, this indicates a potential upside of 2166566.67 percent. MCOM stock price is now -49.40% away from the 50-day moving average and -98.72% away from the 200-day moving average. The market capitalization of the company currently stands at $3.65M.

In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $650.00 as their price target over the next twelve months.

In other news, Palella Salvatore, Chief Executive Officer bought 15,722 shares of the company’s stock on May 10. The stock was bought for $10,845 at an average price of $0.69. Upon completion of the transaction, the Chief Executive Officer now directly owns 240,301 shares in the company, valued at $7209.03. A total of 0.46% of the company’s stock is owned by insiders.

With an opening price of $0.0326 on Monday morning, Inc (NASDAQ: MCOM) set off the trading day. During the past 12 months, Inc has had a low of $0.03 and a high of $27.70. The fifty day moving average price for MCOM is $0.0510 and a two-hundred day moving average price translates $2.0218 for the stock.

The latest earnings results from Inc (NASDAQ: MCOM) was released for Jun, 2023. According to the Recreational Vehicles Company, earnings per share came in at -$1.09, missing analysts’ expectations of -$0.2 by -0.89. This compares to -$1.36 EPS in the same period last year. The company reported revenue of $3.5 million for the quarter, compared to $4.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.8 percent. For the current quarter, analysts expect MCOM to generate $29.3M in revenue. Inc(MCOM) Company Profile Inc., an intra-urban transportation company, provides micro-mobility services in Italy and the United States. The company operates through Mobility, Media, and All Other segments. It offers e-scooters, e- bicycles, and e-mopeds. The company provides a sharing economy that allows users to rent electric vehicles directly from the Helbiz mobile application. It is also involved in the acquisition, commercialization, and distribution of contents, such as live sport events; and provision of Helbiz Kitchen, a delivery-only ghost kitchen restaurant that specializes in preparing meals. The company was founded in 2015 and is headquartered in New York, New York.

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