How to buy Metromile stock | $3.17

San Francisco-based insurtech company Metromile is expected to go public through a special purpose acquisition corporation (SPAC). The deal is not expected to close until the first quarter of 2021, but we will provide updates as new information is available.

Metromile stock price (NASDAQ: MILE)

Use our graph to track the performance of MILE stocks over time.

Metromile shares at a glance

• Key figures

Information last updated 2021-10-24.

Latest market close	$3.17
52-week range	$3.12 - $20.39
50-day moving average	$3.71
200-day moving average	$6.77
Wall St. target price	$6.50
PE ratio	N/A
Dividend yield	N/A (0%)
Earnings per share (TTM)	$-4.34

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Is it a good time to buy Metromile stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Metromile price performance over time

Historical closes compared with the close of $3.17 from 2021-10-25

1 week (2021-10-20)	-2.46%
1 month (2021-09-27)	-18.51%
3 months (2021-07-27)	-55.79%
6 months (2021-04-27)	-70.94%

1 year (2020-10-23)	N/A
2 years (2019-10-23)	N/A
3 years (2018-10-23)	N/A
5 years (2016-10-23)	N/A

Metromile financials

Revenue TTM	$64 million
Gross profit TTM	$-2,957,000
Return on assets TTM	-13.58%
Return on equity TTM	-5418.32%
Profit margin	0%
Book value	$1.86
Market capitalisation	$403 million

TTM: trailing 12 months

Shorting Metromile shares

There are currently 10.2 million Metromile shares held short by investors – that's known as Metromile's "short interest". This figure is 11.9% down from 11.6 million last month.

There are a few different ways that this level of interest in shorting Metromile shares can be evaluated.

Metromile's "short interest ratio" (SIR)

Metromile's "short interest ratio" (SIR) is the quantity of Metromile shares currently shorted divided by the average quantity of Metromile shares traded daily (recently around 3.9 million). Metromile's SIR currently stands at 2.65. In other words for every 100,000 Metromile shares traded daily on the market, roughly 2650 shares are currently held short.

To gain some more context, you can compare Metromile's short interest ratio against those of similar companies.

• American Resources Corporation (AREC.US): 1.95
• NACCO Industries (NC.US): 2.7
• Arch Resources (ARCH.US): 9.96

However Metromile's short interest can also be evaluated against the total number of Metromile shares, or, against the total number of tradable Metromile shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Metromile's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 Metromile shares in existence, roughly 80 shares are currently held short) or 0.117% of the tradable shares (for every 100,000 tradable Metromile shares, roughly 117 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Metromile.

Find out more about how you can short Metromile stock.

Metromile share dividends

We're not expecting Metromile to pay a dividend over the next 12 months.

You may also wish to consider:

• NACCO Industries (NC.US) (2.4% forward annual dividend yield)

Metromile overview

Metromile, Inc. provides pay-per-mile car insurance services in the United States and internationally. The company also licenses artificial intelligence claims platform to automate claims, reduce losses associated with fraud, and unlock the productivity of insurance carriers' employees. In addition, it offers The Pulse, a device that plugs into the diagnostic port of its customer's car and transmits data over wireless cellular networks. The company was incorporated in 2011 and is headquartered in San Francisco, California. .

Frequently asked questions

What percentage of Metromile is owned by insiders or institutions?
Currently 39.199% of Metromile shares are held by insiders and 61.236% by institutions. How many people work for Metromile?
Latest data suggests 259 work at Metromile. When does the fiscal year end for Metromile?
Metromile's fiscal year ends in December. Where is Metromile based?
Metromile's address is: 425 Market Street, San Francisco, CA, United States, 94105 What is Metromile's ISIN number?
Metromile's international securities identification number is: US5916971071