Should you abandon Monster Digital Inc. (NASDAQ:MSDI)?


Equity ownership in Monster Digital, Inc. (NASDAQ:MSDI) is spread out. As per the latest figures, insiders own 6.10% of the company. That compares with institutional ownership of 1.10%.

In terms of transactions along the lines of equity ownership, the company has seen 0.00% insider transactions and 11.00% institutional transactions in the recent months.

The Barchart Technical Opinion rating is a 96% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is in highly oversold territory. Beware of a trend reversal.

Recently, Monster Digital, Inc. (NASDAQ:MSDI) announced that it has received a letter from The Nasdaq Stock Market (NASDAQ) notifying the Company that, based on its Form 10-K for the year ended December 31, 2016, Nasdaq has determined that Monster Digital’s stockholders’ equity does not comply with the minimum $2,500,000 stockholders’ equity requirement for continued listing on The Nasdaq Capital Market.

Monster Digital, Inc. has 9.17M shares outstanding of which 5.87M float. The short float is 4.48%, implying a short ratio of 1.22.

In terms of stock price performance, shares of Monster Digital, Inc. have moved -24.77% over the last one week and have moved -27.23% over the last one month. Stock performance for the last one quarter is -66.65% and for the last six months is -66.28%. Over the last 12 months shares of Monster Digital, Inc. have moved -% and their movement so far this year is -72.55%.

What has Monster Digital, Inc. produced for investors over the last 12 months? The company’s financial documents reveal return on assets for the trailing 12 months is -103.50%. Return on investments for the last 12 months stands at -215.50%.

Where does Monster Digital, Inc. stands in terms of liquidity and balance sheet strength? The company’s current ratio for the most recent quarter is 0.60 and quick ratio for the same period is 0.40.

Other performance indicators worth keeping in mind in this stock is that its P/Cash for the most recent quarter is 22.02.


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