MGO Global Inc (NASDAQ: MGOL) – Time For Strategy Change?

MGO Global Inc (NASDAQ:MGOL) currently has a daily average trading volume of 282.52K but it saw 7181014 shares traded in last market. With a market cap of 1.28M USD, the company’s current market price of $0.46 came falling about -3.17 while comparing to the previous closing price of $0.47. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.30 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.412 while lowest mark touched by it was $0.5.

Taking a look at 20-day trading activity of MGO Global Inc (MGOL) gives us an average price of $1.9168, while its current price level is -97.51% below from 52-week high level whereas it is 26.42% 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 $2.2675 while that of 200 days or SMA-200 reads an average of $3.4055. A closer look into the stock’s movement over the week reveals that its volatility is standing at 36.13% during that period while stretching the period over a month that decreases to 12.33%. 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 8.43 which implies that the stock is in oversold territory.

Over the week, MGOL’s stock price is moving -76.01% down while it is -79.79% when we observe its performance for the past one month. Year-to-date it is -88.95% down and over the past year, the stock is showing a downside performance of -89.56%.

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, MGO Global Inc’s total number of outstanding shares is 2.90M. Company’s return on investment (ROI) stands at -141.11% and return on equity (ROE) at -260.69%. Stock’s beta reads 7.48. Stock has a price to book (P/B) ratio of 0.44 while price to sale or P/S ratio amounts to 0.30. Its return on asset (ROA) is -261.00% on average.