With 8.76M Outstanding Shares, Can Treasure Global Inc (NASDAQ: TGL) Deliver Big Short-Term Gains?

Treasure Global Inc (NASDAQ:TGL) currently has a daily average trading volume of 2.66M but it saw 5297131 shares traded in last market. With a market cap of 7.72M USD, the company’s current market price of $0.42 came rising about 26.55 while comparing to the previous closing price of $0.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.02 and as low as $0.28. In the recent trading on the day, stock has struck highest price mark of $0.328 while lowest mark touched by it was $0.45.

Taking a look at 20-day trading activity of Treasure Global Inc (TGL) gives us an average price of $0.3908, while its current price level is -97.41% below from 52-week high level whereas it is 48.25% 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 $0.7122 while that of 200 days or SMA-200 reads an average of $2.5808. A closer look into the stock’s movement over the week reveals that its volatility is standing at 17.57% during that period while stretching the period over a month that increases to 18.45%. 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 43.55 which implies that the stock is in neutral territory.

Over the week, TGL’s stock price is moving 33.90% up while it is -34.01% when we observe its performance for the past one month. Year-to-date it is -93.35% down and over the past year, the stock is showing a downside performance of -97.12%.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Treasure Global Inc’s total number of outstanding shares is 8.76M with 7.26% of that held by the insiders while 1.16% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -86.08% and return on equity (ROE) at -202.39%. Stock’s beta reads -0.79. Stock has a price to book (P/B) ratio of 0.35 while price to sale or P/S ratio amounts to 0.88. Its return on asset (ROA) is -85.47% on average.