Nano Magic (NMGX) Stock Price, News & Analysis

Company Overview

Nano Magic Inc. develops, commercializes, and markets consumer and industrial products using nanotechnology in the United States and Canada. The company offers liquid and towelette formulations for cleaning and protecting clear surfaces, such as electronic touchscreens, windshields, windows, mirrors, shower doors, eyeglasses, and sunglass lenses; liquid formulation packaged for retail and industrial sale for cleaning surfaces; and anti-fogging liquid and towelette formulations for sporting product applications and goggles. It also provides anti-fogging towelettes to the military and first responders for safety, anti-fogging, and conditioning of lenses; mar-resistant and stain-resistant coatings for porcelain and ceramic surfaces; and clear protective coatings used on display panels and touch screens to remove fingerprints. In addition, the company offers protective and water repelling coatings for interior and exterior glass, and ceramic surfaces to clean and prevent scale and grime encrustation. It markets and sells its products directly to customers and retailers; and through distributors. The company was formerly known as Nano Magic Holdings Inc. and changed its name to Nano Magic Inc. in December 2022. Nano Magic Inc. is headquartered in Madison Heights, Michigan.

Key Stats

• Today's Range: $0.55 to $0.55
• 50-Day Range: $0.51 to $0.77
• 52-Week Range: $0.30 to $2.00
• Volume: 6 shs
• Average Volume: 738 shs
• Market Capitalization: $7.71 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Nano Magic Stock Analysis - MarketRank™

Nano Magic scored higher than 4% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Nano Magic.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Nano Magic is -1.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nano Magic is -1.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Nano Magic has a P/B Ratio of 5.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.05% of the outstanding shares of Nano Magic have been sold short.

Short Interest Ratio / Days to Cover

Nano Magic has a short interest ratio ("days to cover") of 75, which indicates bearish sentiment.

Change versus previous month

Short interest in Nano Magic has recently decreased by 1.32%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Nano Magic does not currently pay a dividend.

Dividend Growth

Nano Magic does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.05% of the outstanding shares of Nano Magic have been sold short.

Short Interest Ratio / Days to Cover

Nano Magic has a short interest ratio ("days to cover") of 75, which indicates bearish sentiment.

Change versus previous month

Short interest in Nano Magic has recently decreased by 1.32%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.2 / 5
• News Sentiment: N/A

News Sentiment

Nano Magic has a news sentiment score of 0.13. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nano Magic insiders have not sold or bought any company stock.

Percentage Held by Insiders

41.58% of the stock of Nano Magic is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 14.03% of the stock of Nano Magic is held by institutions.

NMGX Stock Analysis - Frequently Asked Questions

How have NMGX shares performed this year?

Nano Magic's stock was trading at $0.65 at the beginning of the year. Since then, NMGX shares have decreased by 15.4% and is now trading at $0.55.
View the best growth stocks for 2024 here.

How were Nano Magic's earnings last quarter?

Nano Magic Inc. (OTCMKTS:NMGX) issued its quarterly earnings results on Tuesday, August, 22nd. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $2 million for the quarter. Nano Magic had a negative trailing twelve-month return on equity of 603.56% and a negative net margin of 149.98%.

How do I buy shares of Nano Magic?

Shares of NMGX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nano Magic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nano Magic investors own include Enterprise Products Partners (EPD), Chevron (CVX), DuPont de Nemours (DD), DOW (DOW), Honeywell International (HON), Medtronic (MDT) and Meta Platforms (META).

Company Calendar

• Last Earnings: 8/22/2017
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Computer and Technology
• Industry: Coating, engraving, & allied services
• Sub-Industry: Fabricated Products
• Current Symbol: OTCMKTS:NMGX
• CUSIP: N/A
• CIK: 891417
• Web: www.nanomagic.com
• Phone: (844) 273-6462
• Fax: 512-339-5021
• Employees: 40
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.29)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-2,860,000.00
• Net Margins: -149.98%
• Pretax Margin: -121.38%
• Return on Equity: -603.56%
• Return on Assets: -132.26%

Debt

• Debt-to-Equity Ratio: 0.24
• Current Ratio: 0.54
• Quick Ratio: 0.11

Sales & Book Value

• Annual Sales: $2.78 million
• Price / Sales: 2.77
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.10 per share
• Price / Book: 5.50

Miscellaneous

• Outstanding Shares: 14,010,000
• Free Float: 8,184,000
• Market Cap: $7.71 million
• Optionable: Not Optionable
• Beta: 37.33