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Singing Machine - MICS Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $4.00
  • Forecasted Upside: 359.77%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$0.87 As of 04/24/2024 01:00 AM ET
▲ +0.04 (4.82%)

This chart shows the closing price for MICS by one month, three months, or twelve months.

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Analyst Price Target for MICS

Analyst Price Target is $4.00
▲ +359.77% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Singing Machine in the last 3 months. The average price target is $4.00, with a high forecast of $4.00 and a low forecast of $4.00. The average price target represents a 359.77% upside from the last price of $0.87.

This chart shows the closing price for MICS for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 1 polled investment analysts is to buy stock in Singing Machine. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/1/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/30/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/29/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
10/27/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
1/25/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
4/24/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/13/2023Ascendiant Capital MarketsInitiated CoverageBuy$4.00Low
(Data available from 4/25/2019 forward)

News Sentiment Rating

0.07 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 1 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/28/2023
  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/28/2023
  • 5 very positive mentions
  • 4 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
11/27/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/26/2024
  • 2 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
2/25/2024
  • 2 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2024
  • 1 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 2 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 1 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 2 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Singing Machine logo
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, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms. The Singing Machine Company, Inc. was incorporated in 1982 and is headquartered in Fort Lauderdale, Florida.
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Today's Range

Now: $0.87
Low: $0.85
High: $0.88

50 Day Range

MA: $0.93
Low: $0.67
High: $1.26

52 Week Range

Now: $0.87
Low: $0.61
High: $2.66

Volume

3,186 shs

Average Volume

25,264 shs

Market Capitalization

$3.67 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Singing Machine?

The following Wall Street sell-side analysts have issued stock ratings on Singing Machine in the last twelve months: Ascendiant Capital Markets.
View the latest analyst ratings for MICS.

What is the current price target for Singing Machine?

1 Wall Street analysts have set twelve-month price targets for Singing Machine in the last year. Their average twelve-month price target is $4.00, suggesting a possible upside of 359.8%. Ascendiant Capital Markets has the highest price target set, predicting MICS will reach $4.00 in the next twelve months. Ascendiant Capital Markets has the lowest price target set, forecasting a price of $4.00 for Singing Machine in the next year.
View the latest price targets for MICS.

What is the current consensus analyst rating for Singing Machine?

Singing Machine currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MICS will outperform the market and that investors should add to their positions of Singing Machine.
View the latest ratings for MICS.

What other companies compete with Singing Machine?

Other companies that are similar to Singing Machine include Casa Systems, China Liberal Education, Interactive Strength, SharpLink Gaming and Hempacco. Learn More about companies similar to Singing Machine.

How do I contact Singing Machine's investor relations team?

Singing Machine's physical mailing address is 6301 NW 5TH WAY SUITE 2900, FORT LAUDERDALE FL, 33309. The company's listed phone number is (954) 596-1000 and its investor relations email address is [email protected]. The official website for Singing Machine is www.singingmachine.com. Learn More about contacing Singing Machine investor relations.