MicroAlgo Inc (NASDAQ: MLGO) Emerges As Guiding Light For Investors

MicroAlgo Inc (NASDAQ:MLGO) currently has a daily average trading volume of 15.79M but it saw 10800019 shares traded in last market. With a market cap of 3.00M USD, the company’s current market price of $0.39 came rising about 0.13 while comparing to the previous closing price of $0.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $156.00 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.35 while lowest mark touched by it was $0.42.

Taking a look at 20-day trading activity of MicroAlgo Inc (MLGO) gives us an average price of $0.5742, while its current price level is -99.75% below from 52-week high level whereas it is 9.44% 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 $3.5037 while that of 200 days or SMA-200 reads an average of $7.9718. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.98% during that period while stretching the period over a month that increases to 20.95%. 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 30.82 which implies that the stock is in neutral territory.

Over the week, MLGO’s stock price is moving -18.60% down while it is -66.61% when we observe its performance for the past one month. Year-to-date it is -95.68% down and over the past year, the stock is showing a downside performance of -98.68%.

Currently, MicroAlgo Inc’s total number of outstanding shares is 5.16M. Stock’s beta reads 3.00. Stock has a price to book (P/B) ratio of 0.03.