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

Treasure Global Inc (NASDAQ:TGL) currently has a daily average trading volume of 246.41K but it saw 4389995 shares traded in last market. With a market cap of 3.70M USD, the company’s current market price of $2.27 came rising about 0.44 while comparing to the previous closing price of $2.26. In past 52 weeks, the stock remained buoying in the range of price level as high as $300.00 and as low as $2.12. In the recent trading on the day, stock has struck highest price mark of $1.71 while lowest mark touched by it was $3.98.

Taking a look at 20-day trading activity of Treasure Global Inc (TGL) gives us an average price of $4.46, while its current price level is -99.24% below from 52-week high level whereas it is 7.33% 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 $6.61 while that of 200 days or SMA-200 reads an average of $35.12. A closer look into the stock’s movement over the week reveals that its volatility is standing at 56.24% during that period while stretching the period over a month that decreases to 27.78%. 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 18.37 which implies that the stock is in oversold territory.

Over the week, TGL’s stock price is moving -34.20% down while it is -62.79% when we observe its performance for the past one month. Year-to-date it is -74.41% down and over the past year, the stock is showing a downside performance of -99.07%.

The company is expected to be releasing its next quarterly report on 2024-Feb-13, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Treasure Global Inc’s total number of outstanding shares is 32.86M with 22.42% of that held by the insiders while 0.84% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -22.09% and return on equity (ROE) at -37.33%. Stock’s beta reads 0.34. Stock has a price to book (P/B) ratio of 3.71 while price to sale or P/S ratio amounts to 1.54. Its return on asset (ROA) is -34.52% on average.