MTBC, Inc. (MTBC) Stock: Here’s What’s Happening

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MTBC, Inc. (MTBC) is working its way for to the top in the market today. The stock, focused in the technology space, is currently priced at $3.51 after a move down of -6.90% so far today. As it relates to tech companies, there are a number of factors that have the potential to cause declines in the market. One of the most common is news. Here are the most recent headlines centered around MTBC:

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Oct-24-19 11:44AM Investors Who Bought MTBC (NASDAQ:MTBC) Shares Three Years Ago Are Now Up 371%
Oct-15-19 09:15AM MTBC to Announce Third Quarter 2019 Results on November 6, 2019
Oct-04-19 09:00AM MTBC Equips Healthcare Providers to Successfully Adopt Telemedicine
09:00AM MTBC Equips Healthcare Providers to Successfully Adopt Telemedicine
Sep-18-19 11:05AM Is MTBC (NASDAQ:MTBC) Using Too Much Debt?

However, any time investors are making a decision to invest, investors should take a look at far more than news, especially in the ever changing tech industry. Here’s what’s happening with MTBC, Inc..

Trends That We’ve Seen From MTBC

While a move down in a single session, like the move that we’re seeing from MTBC, Inc. might cause fear in some investors, a single session fall by itself should not be the basis of a decision to, or not to, invest in a stock. It is generally important to look into trends experienced by the stock further out than a single trading day. In the case of MTBC, below are the returns that investors have experienced:

  • Past 5 Sessions – Throughout the last 7 days, MTBC has seen a price change in the amount of -14.18%.
  • Monthly – The monthly returns from MTBC, Inc. has been -7.14%.
  • Quarterly – In the last three months, the company has generated a return on investment that works out to -26.11%
  • Past 6 Months – Throughout the last six months, we’ve seen a change that amounts to -31.04% from the stock.
  • Year To Date – Since the the first trading session of this year MTBC has produced a ROI of -7.63%.
  • Annually – Finally, in the past year, we have seen a change of -25.95% from MTBC. Throughout this period of time, the stock has traded at a high price of -37.88% and a low price of 8.00%.

Ratios Worth Paying Attention To

Looking at a few key ratios having to do with a stock can give investors a view of how risky and/or rewarding a stock pick may be. Below are some of the most important ratios to consider when digging into MTBC.

Short Ratio – The short ratio is a measure of short interest. As the ratio heads up, it means that more investors are expecting that the price of the stock is headed for declines. Across the sector, strong technology stocks tend to have a lower short ratio. However, we tend to see a lot of short squeezes in the industry. Nonetheless, as it relates to MTBC, Inc., it’s short ratio amounts to 4.40.

Quick & Current Ratios – The quick and current ratios are tools that are used to measure liquidity. Basically, they measure whether or not a company can cover its debts when they mature with only quick assets or current assets. In the tech sector, several companies are reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look upsetting. Nonetheless, several gems in the tech sector do have great quick and current ratios. In terms of MTBC, the quick and current ratios add up to 2.00 and 2.00 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this particular case, that ratio works out to 2.86.

Cash To Share Value – Finally, the cash to share value ratio compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value is 0.88.

Moves From Big Money Players

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in MTBC, here’s what we’re seeing:

  • Institutions – At the moment, institutions hold 12.20% of the company. On the other hand, it is worth mentioning that the ownership held by institutions has seen a move of -0.27% over the past quarter.
  • Investors On The Inside – As far as insiders go, those close to the company currently hold 49.80% of MTBC, Inc.. Insider ownership of the company has seen a change of -3.30% over the last 3 months.

How Analysts Feel About MTBC, Inc.

Although it’s not a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a good idea to consider their thoughts when validating your own due diligence when it comes to making an investment decision in the technology industry. Below are the recent moves that we’ve seen from analysts with regard to MTBC.

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Oct-10-19 Initiated National Securities Buy $6
Mar-02-18 Initiated H.C. Wainwright Buy $5
Nov-14-17 Reiterated Chardan Capital Markets Buy $2.25 → $2.75
May-15-17 Reiterated Chardan Capital Markets Buy $1.85 → $2.25
Aug-13-15 Reiterated Chardan Capital Markets Buy $6.25 → $3.50

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.19. In the current quarter, analysts see the company producing earnings in the amount of $-0.13. Over the last 5 years, MTBC has generated revenue in the amount of $37.00% with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -107.90% and revenue has seen movement of 92.00%.

Looking At Share Counts

Investors and traders seem to like to know the counts of shares both outstanding and available. In terms of MTBC, Inc., currently there are 12.04M and there is a float of 6.06M. These numbers mean that out of the total of 12.04M shares of MTBC that are out there today, 6.06M are able to trade hands on the public market.

It’s also important to pay attention to the short percent. After all, if a high portion of the float is shorted, the overall opinion in the market is that the stock is going to fall hard. In regard to MTBC, the percentage of the float that is sold short is 1.96%. In general, concerning short percent of the float would be considered to be anything over 40%. Nonetheless, I have found that a short ratio over 26% is probably going to be a a play that could prove to be very risky.

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