The Singing Machine (MICS) Stock Price: Why It Increased Over 10% Today

By Amit Chowdhry ● Jun 1, 2022
  • The stock price of The Singing Machine Company, Inc. (NASDAQ: MICS) increased by over 10% pre-market today. This is why.

The stock price of The Singing Machine Company, Inc. (NASDAQ: MICS) – the worldwide leader in consumer karaoke products – increased by over 10% pre-market today. Investors are responding positively to The Singing Machine Company announcing its new line of karaoke products are now available at approximately 3,200 Walmart stores nationwide.

Launched earlier this month, the new 4-foot program will include suggested retail price points from $9.99 to $149 and include a wide range of karaoke machines, microphones, portable Bluetooth microphones, and a streaming computer microphone featuring new proprietary PitchLab vocal processing technology which will provide pitch-correction and dazzling vocal effects. The company also announced it has launched 8 new karaoke products into the consumer electronics department of Walmart stores around the country available now.

The available products include:

— The SingCast Max is the first-ever home singing system with video casting technology which projects HD karaoke videos from the Singing Machine app to a TV wirelessly.

— The SingCast K-Box pairs Singing Machine’s new video casting technology with an iconic karaoke machine look.

— The Groove XL offers a full suite of classic karaoke features with big, room-filling sound.

— The Groove Hype makes singing fun for everyone with 6 voice changing effects, 3 sound effects and 3 song tracks.

— Singing Machine All-in-One mic features proprietary Pitch Lab technology, which includes professional pitch tuning and vocal effects and can be used for singing, podcasting, vlogging, YouTubing and more.

— Singing Machine Move Mic is an all-in-one Bluetooth speaker and mic with 22 professionally tuned vocal effects and voice-synching lights.

— The assortment also includes a wired and wireless microphone that can be used with Singing Machine products as well as any other products with microphone inputs.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.