Moving iMage Technologies (MITQ) AI Stock Analysis

• Market Cap: $7.57M
• Dividend Yield: N/A
• Average Volume (3M): 6.55M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.97
• Revenue Growth: -4.85%
• EPS Growth: 43.93%
• Country: US
• Employees: 32
• Sector: Technology
• Sector Strength: 90
• Industry: Communication Equipment
• EPS (TTM): -0.02
• Shares Outstanding: 9,933,679
• 10 Day Avg. Volume: 113,956
• 30 Day Avg. Volume: 6,549,604
• PEG Ratio: -0.39
• Price to Book (P/B): 1.50
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -20.45
• Enterprise Value/Market Cap: 0.42
• Enterprise Value/Revenue: 0.04
• Enterprise Value/Gross Profit: 0.66
• Enterprise Value/Ebitda: -0.59
• 1Y Price Target: $1.00
• Price Target Upside: 31.58% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 59 Neutral
• Price Target: $1.00 ▲(31.58%Upside)

The overall stock score of 59 reflects a balance between positive momentum in technical analysis and significant challenges in financial performance and valuation. The company shows promising technical trends, but financial struggles, negative profitability, and valuation concerns weigh heavily on the score. Improvements in cash flow management and operational efficiency are necessary for better financial stability.

Moving iMage Technologies Business Overview & Revenue Model

Company Description

Moving iMage Technologies, Inc., a digital cinema company, designs, manufactures, integrates, installs, and distributes proprietary and custom designed equipment, and other off the shelf cinema products for cinema requirements in the United States and internationally. Its products and services focus on the integration needs associated with the building, modernization, and equipping of motion picture exhibition theatres. The company provides automation systems for digital cinema applications; proprietary rack mount pedestals; in-house designed and assembled suite of products to support boothless theatre designs and alternative auditorium configurations; and in-house designed and assembled lighting products and dimmers, as well as distributes digital cinema projectors and servers. It also offers premium sound systems and enclosures; demand controlled ventilation systems that automatically shuts down projector exhaust fans; and reclining seats and armrests, concession tables and trays, tablet arms, cup holders, and step and aisle lighting products for theaters and other public venues. In addition, the company provides software solutions, such as CineQC, a cinema presence management and remote-control system. Further, it offers custom engineering, systems design, integration and installation, and digital technology services, as well as software solutions for 3D, digital cinema, and audio visual integration; project management and systems design services for theatre upgrades and new theatre builds; furniture, fixture, and equipment services to commercial cinema exhibitors for new construction and remodels; and cinema equipment installations and after-sale maintenance services. The company was founded in 2003 and is based in Fountain Valley, California.

How the Company Makes Money

MITQ generates revenue through the sale and installation of digital cinema equipment, which includes projectors, servers, and audio systems. Additionally, the company offers software solutions that enhance cinema operations, such as theater management systems. MITQ also derives income from providing technical support and maintenance services to its clients. Significant partnerships with equipment manufacturers and cinema operators contribute to its revenue streams, enabling the company to expand its market presence and offer comprehensive solutions to its customers.

Moving iMage Technologies Financial Statement Overview

Summary

Moving iMage Technologies shows revenue stability but struggles with profitability and efficient asset management. The balance sheet reflects low leverage, which is a strength, and recent improvements in cash flows are promising. However, continuous focus on cost control and operational efficiency is crucial for future growth.

Income Statement

The income statement shows consistent revenue figures with minor fluctuations, indicating stability. However, the company has been unable to achieve profitability, as evidenced by negative net income and EBIT margins over the periods. The recent TTM data reflects a gross profit margin of 23.2%, but the net profit margin is negative, highlighting ongoing challenges in managing costs and achieving operational efficiency.

Balance Sheet

The balance sheet reveals a relatively stable equity position, with the latest TTM data showing a positive stockholders' equity. The debt-to-equity ratio is low, indicating limited leverage, which could be a strength. However, the equity ratio has seen a decline, suggesting a need to enhance asset efficiency or equity management.

Cash Flow

The cash flow statement indicates some improvement, with positive operating cash flow in the latest TTM period. The free cash flow is also positive, suggesting better cash management. However, historical patterns of negative free cash flow and operating cash flow to net income ratios indicate ongoing challenges in converting revenue into cash.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	20.14M	20.21M	18.35M	7.25M	16.37M
Gross Profit	4.68M	5.31M	4.46M	1.69M	4.33M
EBITDA	-1.22M	-1.63M	-1.19M	-181.00K	-406.00K
Net Income	-1.37M	-1.80M	-928.00K	-645.00K	-1.15M
Balance Sheet
Total Assets	10.52M	13.33M	14.85M	5.72M	5.70M
Cash, Cash Equivalents and Short-Term Investments	5.28M	6.62M	6.70M	1.27M	1.06M
Total Debt	151.00K	431.00K	0.00	3.80M	2.65M
Total Liabilities	4.81M	5.75M	5.44M	7.73M	6.67M
Stockholders Equity	5.71M	7.58M	9.41M	-2.01M	-969.00K
Cash Flow
Free Cash Flow	-808.00K	254.00K	-3.41M	-1.63M	-578.00K
Operating Cash Flow	-796.00K	269.00K	-3.39M	-1.63M	-576.00K
Investing Cash Flow	-12.00K	4.31M	-4.96M	-2.00K	126.00K
Financing Cash Flow	-530.00K	-304.00K	9.41M	1.84M	926.00K

Moving iMage Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MITQ, the sentiment is Positive. The current price of 0.76 is above the 20-day moving average (MA) of 0.71, above the 50-day MA of 0.64, and above the 200-day MA of 0.64, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 58.01 is Neutral, neither overbought nor oversold. The STOCH value of 62.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MITQ.

Moving iMage Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$34.70B	5.15	-11.38%	1.67%	5.54%	-17.15%
MITQ	59 Neutral	$7.57M	―	-21.35%	―	-4.85%	43.93%
MOB	52 Neutral	$14.46M	―	-137.03%	―	47.05%	-22.31%
BOXL	46 Neutral	$5.70M	―	-97.40%	―	-29.78%	45.35%
SYTA	46 Neutral	$34.24M	―	-400.46%	―	33.58%	83.29%
ASNS	37 Underperform	$4.84M	―	-933.63%	―	72.95%	74.56%
SONM	37 Underperform	$12.79M	―	-322.86%	―	-37.74%	-79666.67%

Moving iMage Technologies Corporate Events

Moving iMage Technologies Issues Form 8-K Report

Moving iMage Technologies has issued a current report on Form 8-K, which includes certain exhibits. The information in this report is not considered filed for the purposes of the Exchange Act and is not subject to its liabilities.