It’s Not A Fantasy To Think That MGO Global Inc (MGOL) Has Big Future Potential

MGO Global Inc (NASDAQ:MGOL) currently has a daily average trading volume of 42.21M but it saw 732321354 shares traded in last market. With a market cap of 7.80M USD, the company’s current market price of $0.85 came rising about 85.19 while comparing to the previous closing price of $0.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $18.30 and as low as $0.10. In the recent trading on the day, stock has struck highest price mark of $0.6005 while lowest mark touched by it was $1.05.

Taking a look at 20-day trading activity of MGO Global Inc (MGOL) gives us an average price of $0.3714, while its current price level is -95.38% below from 52-week high level whereas it is 745.00% 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 $0.9248 while that of 200 days or SMA-200 reads an average of $2.9647. A closer look into the stock’s movement over the week reveals that its volatility is standing at 44.79% during that period while stretching the period over a month that decreases to 28.83%. 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 60.70 which implies that the stock is in neutral territory.

Over the week, MGOL’s stock price is moving 356.76% up while it is 45.89% when we observe its performance for the past one month. Year-to-date it is 49.82% up and over the past year, the stock is showing a downside performance of -77.47%.

The company is expected to be releasing its next quarterly report in March, 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 with 47.86% of that held by the insiders while 0.13% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -141.11% and return on equity (ROE) at -260.69%. Stock’s beta reads 5.73. Stock has a price to book (P/B) ratio of 0.82 while price to sale or P/S ratio amounts to 1.83. Its return on asset (ROA) is -261.00% on average.