Minim (NASDAQ:FIEE) Stock Price Down 1.8% – Here’s Why
by Scott Moore · The Cerbat GemShares of Minim, Inc. (NASDAQ:FIEE – Get Free Report) fell 1.8% on Friday . The stock traded as low as $7.46 and last traded at $7.56. 17,254 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 121,691 shares. The stock had previously closed at $7.70.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on FIEE. Wall Street Zen raised Minim to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Minim in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Minim
Minim Stock Performance
The firm has a 50 day moving average of $6.84 and a two-hundred day moving average of $4.36. The stock has a market cap of $604,800.00, a P/E ratio of -1.43 and a beta of 1.81.
Minim (NASDAQ:FIEE – Get Free Report) last announced its earnings results on Friday, March 20th. The company reported $0.35 earnings per share for the quarter. Minim had a negative return on equity of 1,144.78% and a negative net margin of 105.18%.The firm had revenue of $4.21 million during the quarter.
Insider Activity at Minim
In related news, major shareholder Corporate Services Lt Elements bought 2,138,181 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was acquired at an average price of $1.29 per share, for a total transaction of $2,758,253.49. Following the transaction, the insider directly owned 3,119,830 shares of the company’s stock, valued at $4,024,580.70. This represents a 217.82% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 51.90% of the company’s stock.
About Minim
Minim, Inc (NASDAQ:FIEE) is a technology company specializing in network intelligence and security solutions for service providers, managed service providers (MSPs) and enterprise customers. The company’s core offering is a cloud-based platform that centralizes network management, device monitoring and automated troubleshooting across wired and wireless infrastructure. By leveraging machine learning and analytics, Minim aims to simplify onboarding, optimize performance and reduce operational costs for broadband providers and IT teams.
Minim’s software suite provides real-time visibility into network health, topology mapping and usage metrics, along with integrated security features designed to detect and block threats at the network edge.