How to Buy Singing Machine Co Stock
Singing Machine Co Inc
The Singing Machine Company, Inc. , together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia.
Singing Machine Co stock last closed at $0.96, down 7.25% from the previous day, and has decreased 33.79% in one year. It has underperformed other stocks in the Consumer Electronics industry by 0.32 percentage points. Singing Machine Co stock is currently +57.12% from its 52-week low of $0.61, and -61.6% from its 52-week high of $2.50.
There are currently 6.42M MICS shares outstanding. The market capitalization of MICS is $6.16M. In the last 24 hours, 6994 MICS shares were traded.
How to Buy Singing Machine Co Stock
Wondering how to invest in Singing Machine Co stock? Here's how.
- Decide where to buy Singing Machine Co stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you decide where to buy Singing Machine Co stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Pick your payment method and add your details.
- Research Singing Machine Co stock: The Singing Machine Co ticker symbol is MICS. Is Singing Machine Co stock a good investment? Should you buy shares of MICS? How do MICS's underlying business fundamentals look? Do top analysts think Singing Machine Co is a good buy? Why has MICS's stock price moved recently? (Hint: Our stock research tools can help you figure out if MICS is a good stock to buy).
- Place your MICS purchase: Decide if you will purchase MICS shares at the current market price or use a limit order to buy MICS shares at a particular price.
- Watch your investment in MICS: Create a watchlist to keep tabs on your position in Singing Machine Co shares.
Step 1: Decide where to buy Singing Machine Co stock
You will need a brokerage account in order to access the NASDAQ market and buy MICS stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best online stock brokerage. eToro gives you:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, you need to fill out some personal details so you can invest in MICS today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have opened your account on the best stock broker app, you need to deposit funds:
Watch the video below for more details transferring money into your new brokerage account.
Step 4: Research Singing Machine Co stock
After you have decided on the best place to buy Singing Machine Co stock, it's very important to evaluate their stock before you invest, so you actually wrap your head around the risk as well as the upside.
Singing Machine Co stock data
MICS Due Diligence Checks
WallStreetZen was created to help part-time investors do better fundamental analysis.
You can view all of the due diligence checks on MICS's stock page.
Is MICS stock properly valued?
Investors use many financial metrics, analyses, models, and charts to gauge MICS's true value.
Using relative valuations measures:
- MICS could be undervalued based on its P/B ratio of 0.81x, relative to Consumer Electronics industry P/B ratio of 22.26x
You can do additional valuation analysis on MICS's stock here.
Is MICS a healthy company?
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the MICS balance sheet.
- MICS's operating cash flow of $2.34M allows it to safely service it's debt of $4.01M.
- There are more short-term assets than long-term liabilities on the MICS balance sheet.
Failed Health Checks:
- Total MICS debt is higher than 5 years ago, relative to shareholder equity.
- MICS has a relatively high debt to equity ratio of 2.66.
- MICS earnings of -$7.54M is not sufficient to cover its interest payments.
- MICS profit margin has gone down from -8.8% to -28.8% in the past year.
Is it a good time to buy MICS stock, according to Wall Street analysts?
Out of 1 Wall Street analysts who research MICS, the consensus analyst rating on Singing Machine Co is a Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are forecasting on the Singing Machine Co stock forecast page.
Metrics for Advanced MICS Traders
MICS Growth Metrics
Last year, MICS revenue was $32.58M. During the past five year, MICS's revenue has grown by -7.53% per year. This was slower than the Consumer Electronics industry average of 7.87%.
Find out more about MICS's earnings and revenue performance here.
What are MICS executives and large shareholders up to?
Over the past year, executives and large shareholders at MICS have bought more shares than they have sold.
Jay B. Foreman, Director of MICS, was the latest MICS insider to buy. They bought $999,999.91 worth of MICS stock on Nov 21, 2023.
Learn more about who owns MICS shares here.
Can I get consistent income from MICS stock?
No, Singing Machine Co doesn't provide an income stream by paying out dividends.
What do other traders have to say about MICS?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your MICS purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount limit, use a limit order.
Hit the Open Trade button and your broker will place your order.
If you want more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in MICS
Now that you own some MICS stock, you'll want to stay up-to-date on your new shares.
Start a watchlist to track the latest developments regarding your MICS stock.
MICS Feed
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How to Buy Stock in Singing Machine Co
To reiterate, here are the 6 steps to buy stock in Singing Machine Co:
- Decide where to buy Singing Machine Co stock
- Create a brokerage account
- Put funds into your investment account
- Research Singing Machine Co stock
- Place your MICS purchase
- Watch your investment in MICS
If you require a place to buy stocks, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep track of your new investment in Singing Machine Co, get started below.
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