Under investment valuation analysis, MeetMe, Inc. (NASDAQ:MEET) presented as an active mover, it has floated short ration of 6.77%, hold to candle to sentiment indicator of Short Ratio, which was 1.01. Shares dropped -2.43% to trade at $5.22 in most recent trading session.
MeetMe, Inc. (MEET) released that California Department of Business Oversight has determined that the terms and conditions of the offer and sale of MeetMe common stock in its proposed merger with Skout, Inc. are fair, and that the Department has issued a permit authorizing MeetMe to issue shares of common stock in the merger. The determination was made at the conclusion of a fairness hearing conducted under Section 25121 of the California Corporations Code.
The proposed merger remains subject to the authorization of Skout’s shareholders and the satisfaction of certain other customary closing conditions. MeetMe expects the acquisition to close in early October 2016. MeetMe also reported recently that it has repurchased about $2 million worth of its ordinary stock in the open market since announcing its $15 million share repurchase program on September 6, 2016.
Entering into ratio analysis, MEET has noticeable price to earnings growth ratio of 0.40, which find it more attractive on the other stock that has lower PEG and vise versa. The firm price to earnings ratio calculated as 7.90. The co stands at price to sale ratio of 4.56 that signifies the value placed on each dollar of a firm’s sales or incomes; it is most relevant ratio to compare companies in similar sector. It has price to book ratio of 1.85, which gauges the market price of a share over its book value.
The firm has price volatility of 6.64% for a week and 7.68% for a month. Narrow down focus to firm performance, its weekly performance was -12.87% and monthly performance was -13.01%. The stock price of MEET is moving down from its 20 days moving average with -6.54% and isolated negatively from 50 days moving average with -16.03%.
To persist focus on investment valuation, Tableau Software, Inc. (NYSE:DATA) also have significant role in eyes of active investors, it moving down -1.05% to traded at $54.80. The firm has price volatility of 2.83% for a week and 2.52% for a month. Its beta stands at 0.78 times. . Narrow down four to firm performance, its weekly performance was -5.07% and monthly performance was 1.37%.
Effective Investment Valuation
Furthermore, it has price to sale ratio of 5.59 that signifies the value placed on each dollar of a firm’s sales or incomes. The firm’s price to book was 5.54, which can be compared with current price to get idea about under or overvalue of stock. Forward Price to Earnings ratio of DATA attains value of 107.74 that is projecting or estimating EPS for the next 12-months and its follow by traders who believe on anticipates of a firm’s future rather than past performance.
To have technical views, liquidity ratio of a company calculated as 3.10 to match up with its debt to equity ratio of 0.00. The float short ration was 8.87%; as compared to Short Ratio were 3.91. The firm has institutional ownership of 98.30%, while insider ownership included 1.20%. DATA attains analyst recommendation of 2.30 with week’s performance of -5.07%.