Does Singing Machine (SMDM) Carry an Optimistic Near-term Outlook?

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When viewed in terms of performance, Singing Machine Co. Inc. (SMDM) performance for the week was -8.57% while its performance for the month was -15.79%. The stock recorded Volume of 25.00K against the 30-day Average Volume of 17.26K. During the last 52-week period, SMDM value ranged from $0.2500 to $0.5000.


Most recent Development

SMDM (OTCQX: SMDM) has announced the release of Carpool Karaoke Microphone 2.0, the company’s widely acclaimed product. Carpool Karaoke Microphone’s first version became a viral sensation on TikTok last year. This new version follows in the same footsteps. With the next generation of microphones by SMDM, users can become louder and have more fun on social media. The new perks added to the device are following:

  • The Black & Gold and Rose Gold colors have been added.
  • Bravo! Make the entire car sing with two microphones.
  • The built-in effects will change the tone of your voice and make your ride fun.
  • There are 3 sound effects built-in for endless entertainment.
  • The best vocal removal technology that allows your voice to shine.

With over 2.5 billion views and celebrities sharing their favorite songs with James Corden during SMDM CARPOOL KARAOKE, the segment from THE LATE LATE SHOW WITH JAMES CORDEN has become a global sensation. Following its popularity, the segment was picked up by Apple TV as one of the first original series. It is currently in its fourth season of presentation.

The popular CARPOOL KARAOKE segment will continue to appear every Monday through Friday on the CBS Television Network as part of THE LATE LATE SHOW WITH JAMES CORDEN. An Emmy award has been given to the Apple series for a best short-form variety show.


Company Profile

In the consumer karaoke industry, SMDM is the North American leader. This company is a pioneer in the industry, selling karaoke systems throughout the world through stores and online retailers such as major mass merchandisers. In addition to offering the largest selection of karaoke entertainment products, there are machines to suit every need and skill level. Karaoke is one of the world’s most popular forms of entertainment, and SMDM’s products integrate the latest technology for practicing, watching, and sharing music. Customers of the Singing Machine can stream and download over 24,000 songs and benefit from the industry’s best warranties. A majority of major retailers in North America and abroad carry the products of The Singing Machine.

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