Should You Sell MGO Global Inc (MGOL) And Go Away This Year?

MGO Global Inc (NASDAQ:MGOL) currently has a daily average trading volume of 844.96K but it saw 3538164 shares traded in last market. With a market cap of 4.63M USD, the company’s current market price of $0.56 came falling about -10.91 while comparing to the previous closing price of $0.63. 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 $0.4801 while lowest mark touched by it was $0.6025.

Taking a look at 20-day trading activity of MGO Global Inc (MGOL) gives us an average price of $1.5518, while its current price level is -96.92% below from 52-week high level whereas it is 56.67% 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 $2.1023 while that of 200 days or SMA-200 reads an average of $3.3396. A closer look into the stock’s movement over the week reveals that its volatility is standing at 30.19% during that period while stretching the period over a month that decreases to 17.64%. 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 17.84 which implies that the stock is in oversold territory.

Over the week, MGOL’s stock price is moving 20.00% up while it is -75.90% when we observe its performance for the past one month. Year-to-date it is -86.88% down and over the past year, the stock is showing a downside performance of -86.88%.

The company is expected to be releasing its next quarterly report in February, 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 7.49. Stock has a price to book (P/B) ratio of 0.55 while price to sale or P/S ratio amounts to 1.08. Its return on asset (ROA) is -261.00% on average.