Metromile Inc. (NASDAQ:MILE) has seen 0.61 million shares traded in the recent trading session. The company, currently valued at $234.60M, closed the recent trade at $1.80 per share which meant it lost -$0.12 on the day or -6.25% during that session. The MILE stock price is -1032.78% off its 52-week high price of $20.39 and 1.11% above the 52-week low of $1.78. The 3-month trading volume is 3.27 million shares.
Sporting -6.25% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Friday, 01/07/22 when the MILE stock price touched $1.80 or saw a rise of 19.28%. Year-to-date, Metromile Inc. shares have moved -12.33%, while the 5-day performance has seen it change -12.33%. Over the past 30 days, the shares of Metromile Inc. (NASDAQ:MILE) have changed -24.11%.
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Wall Street analysts have a consensus price target for the stock at $5.14, which means that the shares’ value could jump 64.98% from the levels at last check today. The projected low price target is $3.27 while the price target rests at a high of $7.00. In that case, then, we find that the latest price level in today’s session is -288.89% off the targeted high while a plunge would see the stock gain -81.67% from the levels at last check today.
Metromile Inc. (MILE) estimates and forecasts
The company’s shares have lost -76.56% over the past 6 months, compared to 10.70% for the industry.
Metromile Inc. is expected to release its next earnings report between March 28 and April 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Metromile Inc. (NASDAQ:MILE)’s Major holders
Insiders own 19.88% of the company shares, while shares held by institutions stand at 68.89% with a share float percentage of 85.99%. Investors are also buoyed by the number of investors in a company, with Metromile Inc. having a total of 151 institutions that hold shares in the company. The top two institutional holders are NEA Management Company, LLC with over 9.38 million shares worth more than $33.31 million. As of Sep 29, 2021, NEA Management Company, LLC held 7.32% of shares outstanding.
The other major institutional holder is Miller Value Partners, LLC, with the holding of over 8.0 million shares as of Sep 29, 2021. The firm’s total holdings are worth over $28.41 million and represent 6.24% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Trust for Advised Port-Miller Opportunity Trust and Vanguard Total Stock Market Index Fund. As of Sep 29, 2021, the former fund manager holds about 5.23% shares in the company for having 6.7 million shares of worth $23.79 million while later fund manager owns 2.67 million shares of worth $9.47 million as of Sep 29, 2021, which makes it owner of about 2.08% of company’s outstanding stock.