Treasure Global Inc (NASDAQ: TGL) – Time For Strategy Change?

Treasure Global Inc (NASDAQ:TGL) currently has a daily average trading volume of 975.24K but it saw 12341814 shares traded in last market. With a market cap of 5.61M USD, the company’s current market price of $0.19 came rising about 6.82 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 $12.59 and as low as $0.15. In the recent trading on the day, stock has struck highest price mark of $0.1712 while lowest mark touched by it was $0.1895.

Taking a look at 20-day trading activity of Treasure Global Inc (TGL) gives us an average price of $0.2038, while its current price level is -98.50% below from 52-week high level whereas it is 26.33% 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 $0.3467 while that of 200 days or SMA-200 reads an average of $2.0739. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.56% during that period while stretching the period over a month that decreases to 15.17%. 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 36.63 which implies that the stock is in neutral territory.

Over the week, TGL’s stock price is moving -15.82% down while it is -14.64% when we observe its performance for the past one month. Year-to-date it is 6.82% up and over the past year, the stock is showing a downside performance of -97.06%.

Currently, Treasure Global Inc’s total number of outstanding shares is 14.69M. Company’s return on investment (ROI) stands at -86.08% and return on equity (ROE) at -202.39%. Stock’s beta reads -0.62. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 0.64. Its return on asset (ROA) is -85.47% on average.