Magic Empire Global Ltd (NASDAQ:MEGL) currently has a daily average trading volume of 290.43K but it saw 1448091 shares traded in last market. With a market cap of 8.86M USD, the company’s current market price of $0.47 came falling about -6.89 while comparing to the previous closing price of $0.50. 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 $0.455 while lowest mark touched by it was $0.6188.
Taking a look at 20-day trading activity of Magic Empire Global Ltd (MEGL) gives us an average price of $0.4989, while its current price level is -68.03% below from 52-week high level whereas it is 15.62% 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 $0.5010 while that of 200 days or SMA-200 reads an average of $0.5522. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.09% during that period while stretching the period over a month that decreases to 7.60%. 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 49.29 which implies that the stock is in neutral territory.
Over the week, MEGL’s stock price is moving 1.57% up while it is -0.46% when we observe its performance for the past one month. Year-to-date it is -57.95% down and over the past year, the stock is showing a downside performance of -42.13%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.
Currently, Magic Empire Global Ltd’s total number of outstanding shares is 20.26M. Company’s return on investment (ROI) stands at -0.43% and return on equity (ROE) at -0.43%. Stock’s beta reads 2.90. Stock has a price to book (P/B) ratio of 0.55 while price to sale or P/S ratio amounts to 4.50. Its return on asset (ROA) is -0.42% on average.
