MicroAlgo Inc (NASDAQ: MLGO) Now $0.16 Higher From Its Low (0.02), Does It Still Have A Growth Story?

MicroAlgo Inc (NASDAQ:MLGO) currently has a daily average trading volume of 32.05M but it saw 11585394 shares traded in last market. With a market cap of 34.94M USD, the company’s current market price of $0.18 came falling about -4.63 while comparing to the previous closing price of $0.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $156.00 and as low as $0.16. In the recent trading on the day, stock has struck highest price mark of $0.172 while lowest mark touched by it was $0.186.

Taking a look at 20-day trading activity of MicroAlgo Inc (MLGO) gives us an average price of $0.1895, while its current price level is -99.89% below from 52-week high level whereas it is 6.63% 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 $0.2403 while that of 200 days or SMA-200 reads an average of $2.6372. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.49% during that period while stretching the period over a month that decreases to 11.68%. 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 42.04 which implies that the stock is in neutral territory.

Over the week, MLGO’s stock price is moving 2.46% up while it is -15.24% when we observe its performance for the past one month. Year-to-date it is -98.08% down and over the past year, the stock is showing a downside performance of -99.28%.

Currently, MicroAlgo Inc’s total number of outstanding shares is 199.46M. Stock’s beta reads 2.79. Stock has a price to book (P/B) ratio of 0.40.