MLEC Stock Summary and Trading Ideas (Moolec Science SA - | NASDAQ:MLEC)

Moolec Science SA is a science-based ingredient company focused on producing real animal proteins in plants through Molecular Farming, a technology in the alternative protein landscape. Its purpose is to upgrade the taste, nutrition, and affordability of alternative protein products while building a more sustainable and equitable food system. The company has various products in its pipeline such as; TSP Valorasoy which is a soy protein product to produce vegetable proteins with texture and fibrousness similar to those of meat, Glaso, a safflower oil with high levels of gamma-linolenic acid, SPC2 which is a plant-based chymosin, YEEA1, an extract derived from a novel yeast biomass with specific properties, and others. The company's revenues arise from operations in Argentina.

Moolec Science SA - trades on the NASDAQ stock market under the symbol MLEC.

As of December 13, 2024, MLEC stock price climbed to $0.86 with 27,706 million shares trading.

MLEC has a beta of -0.60, meaning it tends to be less sensitive to market movements. MLEC has a correlation of 0.02 to the broad based SPY ETF.

MLEC has a market cap of $32.98 million. This is considered a Sub-Micro Cap stock.

Last quarter Moolec Science SA - reported $2 million in Revenue and -$.07 earnings per share. This beat revenue expectation by $273,000 and missed earnings estimates by -$.01.

MLEC has underperformed the market in the last year with a price return of -64.6% while the SPY ETF gained +29.9%. MLEC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.5% and -1.1%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

MLEC support price is $.79 and resistance is $.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MLEC shares will trade within this expected range on the day.