Galaxy Payroll Group Ltd (NASDAQ: GLXG) Trading under Its 20 Day MA ($4.2042), Why Showing An Interesting Price Pattern?

Galaxy Payroll Group Ltd (NASDAQ:GLXG) does about 658.21K shares in volume on a normal day but saw 3571795 shares change hands in the recent trading day. The company now has a market cap of 20.94M USD. Its current market price is $1.18, marking an increase of 35.63% compared to the previous close of $0.87. The 52 week high reached by this stock is $16.93 whilst the lowest price level in 52 weeks is $0.83.

Galaxy Payroll Group Ltd (GLXG) has a 20-day trading average at $4.2042 and the current price is -93.03% off the 52-week high compared with 42.17% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.9625. If we look at the stock’s price movements over the week, volatility stands at 24.73%, which increases to 46.68% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 29.97 to suggest the stock is oversold.

The current price level is -71.93%, -85.18%, and -84.25% away from its SMA20, SMA50, and SMA200 respectively, with the GLXG price moving above the 50-day SMA on current market day. Its price is -73.48% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

The company has a return on investment of 70.46% and return on equity of 65.07%. The price to earnings ratio (P/E ratio) amounts to 218.52. Price to book ratio is 175.60 and price to sales ratio is 42.74.