Volatility Is Your Friend: TNL Mediagene (TNMG) Is Hot Again

TNL Mediagene (NASDAQ:TNMG) does about 1.01M shares in volume on a normal day but saw 63893806 shares change hands in the recent trading day. The company now has a market cap of 20.37M USD. Its current market price is $0.72, marking an increase of 130.77% compared to the previous close of $0.31. The 52 week high reached by this stock is $34.08 whilst the lowest price level in 52 weeks is $0.26.

TNL Mediagene (TNMG) has a 20-day trading average at $0.3419 and the current price is -97.89% off the 52-week high compared with 181.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7633. If we look at the stock’s price movements over the week, volatility stands at 47.04%, which decreases to 30.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 61.85 to suggest the stock is neutral.

The current price level is 110.70%, -5.66%, and -89.57% away from its SMA20, SMA50, and SMA200 respectively, with the TNMG price moving above the 50-day SMA on current market day. TNL Mediagene (TNMG) stock is up 147.51% over the week and 20.00% over the past month. Its price is -90.92% year-to-date and -93.30% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 26.10M with insiders holding 0.00% of the shares and institutional holders owning 0.75% of the company’s common stock. The company has a return on investment of -10.92%. The beta has a value of 0.70. Price to book ratio is 0.28 and price to sales ratio is 0.43.

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