Magic Empire Global Ltd (NASDAQ:MEGL) currently has a daily average trading volume of 176.66K but it saw 49312671 shares traded in last market. With a market cap of 15.73M USD, the company’s current market price of $1.95 came rising about 65.25 while comparing to the previous closing price of $1.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.52 and as low as $1.02.
Taking a look at 20-day trading activity of Magic Empire Global Ltd (MEGL) gives us an average price of $1.2618, while its current price level is -64.67% below from 52-week high level whereas it is 91.18% 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 $1.3612 while that of 200 days or SMA-200 reads an average of $1.8924. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.05% during that period while stretching the period over a month that decreases to 13.06%. 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 72.63 which implies that the stock is in overbought territory.
Over the week, MEGL’s stock price is moving 66.67% up while it is 53.54% when we observe its performance for the past one month. Year-to-date it is -9.71% down and over the past year, the stock is showing a downside performance of -21.82%.
Currently, Magic Empire Global Ltd’s total number of outstanding shares is 16.26M. Company’s return on investment (ROI) stands at -3.56% and return on equity (ROE) at -3.59%. Stock’s beta reads 2.71. Stock has a price to book (P/B) ratio of 0.59 while price to sale or P/S ratio amounts to 9.59. Its return on asset (ROA) is -3.45% on average.
