Advertisement

Meyka AI - Contribute to AI-powered stock and crypto research platform
Meyka Stock Market API - Real-time financial data and AI insights for developers
Advertise on Meyka - Reach investors and traders across 10 global markets

SONG up 25.93% to $1.70 on 1.20M volume (02 Jan 2026 mkt hrs): Liquidity test

US Stocks
5 mins read

The microcap Music Licensing, Inc. (SONG) rallied 25.93% to $1.70 on 02 Jan 2026 during market hours on the PNK exchange as volume surged to 1,201,422 shares versus an average daily volume of 11 shares. That 109,220.18x relative volume spike drove the move and exposed extreme liquidity dynamics in this United States-listed stock priced in USD. Traders should read this as a volume-driven event, not earnings-driven news: reported EPS is -3,026.63 and market cap is USD 8,503.00, which frames SONG as a highly speculative, low-float name with outsized intraday swings.

Price and trading snapshot

SONG (Music Licensing, Inc.) traded between a day low of 0.00 and a day high of 1.70 before closing at $1.70, up $0.35 or 25.93% from the previous close of $1.35. Volume hit 1,201,422 shares versus an avgVolume of 11 shares, creating a relVolume of 109,220.18. Market cap is USD 8,503.00 with shares outstanding shown as 5,002. The gap between the 50-day average price of 101.94 and the current price shows historical pricing noise; treat intraday moves as liquidity episodes rather than sustained revaluation.

What’s driving the volume spike

The immediate driver is purely liquidity: traded volume jumped to 1,201,422 from an 11-share average, producing a massive order imbalance and price reaction. Microcap names with minimal float can move on a single block trade or retail interest. There is no recent earnings release tied to this move—the last earnings announcement in records is 2019-12-09—so this spike likely reflects speculative trading or a large institutional order executing in thin markets.

Fundamentals and valuation

On fundamentals, SONG shows extreme figures: EPS is -3,026.63 and reported revenuePerShareTTM is 7,459.56 while shareholdersEquityPerShareTTM is -2,189.73. Price-to-sales is 0.00 (displayed 0.0002) and the company carries an enterprise value of 35,128,016.00. Current ratio is 0.58 and debt-to-market-cap sits at 4,130.25, signalling balance sheet strain relative to its tiny market cap of USD 8,503.00. These metrics underline valuation anomalies and heightened risk for investors.

Technical and liquidity signals

Technical indicators show mixed signals: RSI is 46.64 indicating neutral momentum, MACD is 10.93 versus signal 5.47 suggesting short-term bullish momentum, and ADX at 47.54 points to a strong trend driven by volume, not price consensus. OBV is deeply negative and MFI is 0.23, flagging poor underlying money flow despite the headline spike. Average True Range is 13.21, reflecting extreme intraday volatility relative to price.

Risks and opportunities

Opportunity: short-term traders can profit from volatility when size and timing are controlled. Risk: tiny free float, erratic reported highs and lows (yearHigh 316,249,984.00; yearLow 0.00), and negative EPS expose SONG to abrupt reversals and settlement irregularities. The company’s core service—music licensing—operates in Communication Services / Entertainment, but the current trading profile is dominated by liquidity and microcap mechanics rather than fundamentals.

Analyst view and Meyka AI grade

Meyka AI rates SONG with a score out of 100: Score: 67.65 | Grade: B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. This grade is informational and not financial advice. For context, social and sector signals for Communication Services are muted; use position sizing and stop-loss discipline when trading SONG.

Final Thoughts

Key takeaways: SONG’s 25.93% intraday gain to $1.70 on 02 Jan 2026 during market hours was driven by an outsized volume spike to 1,201,422 shares versus an 11-share average, a classic microcap liquidity event. Fundamentals are weak: EPS is -3,026.63 and market cap is USD 8,503.00, while the current ratio of 0.58 and extreme debt-to-market-cap underscore balance-sheet risks. Technically, MACD (10.93) and ADX (47.54) show momentum supported by volume, but MFI (0.23) and OBV negative readings warn of low money inflow persistence. Meyka AI’s forecast model projects a monthly figure of -19.37 USD; compared with the current price of USD 1.70 this implies a model-based downside of -1,239.41% — an extreme read likely driven by data anomalies and low liquidity. Forecasts are model-based projections and not guarantees. Traders should treat this as a high-risk, short-duration trade candidate; investors seeking exposure to music licensing should prefer larger, liquid peers in Communication Services. For further reading on music-rights sales and market context see Yahoo coverage on music-rights deals and broader market commentary at Markets Insider. Meyka AI provided this AI-powered market analysis platform insight to highlight volume-driven risk and set price expectations.

FAQs

Why did SONG spike on 02 Jan 2026?

SONG spiked because volume surged to 1,201,422 shares versus an average of 11, creating a liquidity-driven price move rather than a fundamentals event. Thin float means even modest orders produce outsized percentage moves.

Is SONG a buy after this spike?

Given EPS -3,026.63, market cap USD 8,503.00, and extreme volatility, Meyka AI’s current grade suggests HOLD. This is a high-risk speculative trade; use tight risk controls and avoid sizing an investment like a diversified core holding.

How should traders manage risk in SONG?

Use small position sizes, predefined stop losses, and limit orders. Expect rapid reversals due to relVolume 109,220.18 and low avgVolume. Avoid margin use; confirm trade settlement conditions first.

What does Meyka AI forecast for SONG?

Meyka AI’s forecast model projects a monthly figure of -19.37 USD. Compared to the current price of USD 1.70, the model implies a large downside; forecasts are model-based projections and not guarantees.

Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.

Our Main Features & AI Capabilities

What makes our chatbot and platform famous among traders

Alternative Data for Stocks

Meyka AI analyzes social chatter, news, and alternative data to reveal hidden stock opportunities before mainstream market reports catch up.

YouTubeTikTokFacebookLinkedInGlassdoorInstagramTwitter

AI Price Forecasting

Meyka AI delivers machine learning stock forecasts, helping investors anticipate price movements with precision across multiple timeframes.

AI Market PredictionsPredictive Stock AnalysisAI Price Prediction

Proprietary AI Stock Grading

Meyka AI’s proprietary grading algorithm ranks stocks A+ to F, giving investors unique insights beyond traditional ratings.

AI Stock ScoringAI Equity GradingAI Stock Screening

Earnings GPT

Get instant AI-powered earnings summaries for any stock or by specific dates through our intelligent chatbot with real-time data processing.

Earnings AnalysisDate-Based SearchAI SummaryReal-time Data

Ready to Elevate Your Trading?

Join thousands of traders using our advanced AI tools for smarter investment decisions

Try Stock Screener