The trading price of Moolec Science SA (NASDAQ:MLEC) closed higher on Monday, April 22, closing at $2.47, 76.43% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $4.40 and a 52-week low of $1.15. Over the past month, the stock has gained 92.97% in value.
Moolec Science SA, whose market valuation is $92.77 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.05 per share this quarter, however they have predicted annual earnings per share of -$0.25 for 2024 and -$0.24 for 2025. It means analysts are expecting annual earnings per share growth of 83.30% this year and 4.00% next year.
Analysts have forecast the company to bring in revenue of $460k for the current quarter, with the likely lows of $460k and highs of $460k. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $3.84 million. The company’s revenue is forecast to grow by 324.30% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Moolec Science SA no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest MLEC has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 25% Buy.
A quick review shows that MLEC’s price is currently 88.16% off the SMA20 and 59.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 81.10, and weekly volatility stands at 36.24%. When measured over the past 30 days, the indicator reaches 13.69%. Moolec Science SA (NASDAQ:MLEC)’s beta value is currently sitting at -0.48, while the Average True Range indicator is currently displaying 0.30.
To see how Moolec Science SA stock has been performing in comparison to its peers in the industry, here are the numbers: MLEC stock’s performance was 76.43% in the latest trading, and -42.15% in the past year.
An evaluation of the daily trading volume of Moolec Science SA (NASDAQ:MLEC) indicates that the 3-month average is 70.51K.
Currently, records show that 37.56 million of the company’s shares remain outstanding. The insiders hold 82.70% of outstanding shares, whereas institutions hold 0.04%. However, since the stock’s price has seen 0.41% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
