Magic Empire Global Ltd (NASDAQ:MEGL) currently has a daily average trading volume of 172.51K but it saw 805869 shares traded in last market. With a market cap of 14.02M USD, the company’s current market price of $0.69 came rising about 6.41 while comparing to the previous closing price of $0.65. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.47 and as low as $0.41. In the recent trading on the day, stock has struck highest price mark of $0.6301 while lowest mark touched by it was $0.76.
Taking a look at 20-day trading activity of Magic Empire Global Ltd (MEGL) gives us an average price of $0.4996, while its current price level is -52.91% below from 52-week high level whereas it is 70.28% 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 $0.4890 while that of 200 days or SMA-200 reads an average of $0.6568. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.61% during that period while stretching the period over a month that decreases to 13.78%. 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 69.15 which implies that the stock is in neutral territory.
Over the week, MEGL’s stock price is moving 31.85% up while it is 62.76% when we observe its performance for the past one month. Year-to-date it is -41.51% down and over the past year, the stock is showing a downside performance of -39.72%.
Currently, Magic Empire Global Ltd’s total number of outstanding shares is 20.26M. Company’s return on investment (ROI) stands at -0.36% and return on equity (ROE) at -0.36%. Stock’s beta reads 2.87. Stock has a price to book (P/B) ratio of 0.82 while price to sale or P/S ratio amounts to 7.97. Its return on asset (ROA) is -0.34% on average.
