Medical Care Technologies Inc. (OTC: MDCE) Stock On Watchlist After a Major News
Considering the major announcement made by Medical Care Technologies Inc. (also known as Infinite Auctions) (OTC: MDCE) on Wednesday, the company’s stock is likely to come on the radars of investors this morning. Let’s take a look at the key announcement that could make it a buzzing stock.
New Memorabilia
The company announced that a major new opportunity in the rare sports memorabilia had emerged at the Infinite Auctions’ Winter Auction that would take place in December 2024. The item in question is Michael Jordan’s Air Jordan IX baseball cleats that had been worn in a game. That had also been photo matched to the athlete’s time at the Scottsdale Scorpions.
Potential Six Figure Bids
Medical Care Technologies stated that the item would take center stage at the event since it was the first photo-matched pair ever from Michael Jordan’s career in baseball to come under the hammer. More importantly, the company stated that the item could draw bids in six figures from collectors.
It was noted that the demand for the item would be driven by the fact that it was valued by both game-worn memorabilia collectors as well as the worldwide community of sneakerheads. It remains to be seen if the Medical Care Technologies stock gets any traction following the announcement.
Fundamentals
| P/E Ratio | -14.0000 |
| PEG Ratio | -0.22 |
| Price to Book | 3.68 |
| Price to Cash Flow | – |
| Price to Free Cash Flow | – |
| Total Sales (TTM) | 0.62 M |
| Revenue per Share (TTM) | 0.00 |
| Shares Outstanding | 3.310 B |
| Share Float (%) | 2,877.81 M (86.95%) |
