Ideas And Forecasts On MicroAlgo Inc (NASDAQ: MLGO)

MicroAlgo Inc (NASDAQ:MLGO) currently has a daily average trading volume of 3.65M but it saw 17239256 shares traded in last market. With a market cap of 53.04M USD, the company’s current market price of $6.97 came falling about -41.97 while comparing to the previous closing price of $12.01. In past 52 weeks, the stock remained buoying in the range of price level as high as $156.00 and as low as $1.56.

Taking a look at 20-day trading activity of MicroAlgo Inc (MLGO) gives us an average price of $2.85, while its current price level is -95.53% below from 52-week high level whereas it is 346.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.92 while that of 200 days or SMA-200 reads an average of $16.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 59.81% during that period while stretching the period over a month that decreases to 20.74%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.46 which implies that the stock is in neutral territory.

Over the week, MLGO’s stock price is moving 274.73% up while it is 171.21% when we observe its performance for the past one month. Year-to-date it is -23.57% down and over the past year, the stock is showing a downside performance of -69.31%.

Currently, MicroAlgo Inc’s total number of outstanding shares is 5.16M. Stock’s beta reads 0.40. Stock has a price to book (P/B) ratio of 0.51.