MingZhu Logistics Holdings Limited [YGMZ] is -47.34% lower this YTD. Is it still time to buy?

MingZhu Logistics Holdings Limited [NASDAQ: YGMZ] traded at a high on 05/03/21, posting a 14.07 gain after which it closed the day’ session at $5.35. The company report on March 13, 2021 that MingZhu Logistics Holdings Limited Announces Closing of $20 Million Registered Direct Offering.

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MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) (the “Company”), a China-based trucking services provider, announced that it has closed a registered direct offering of an aggregate of 3,333,335 units of its securities (each, a “Unit”), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share (together, the “Warrants”), at a price of $6.00 per unit for aggregate gross proceeds of $20 million. After deducting the placement agent’s commission and other offering expenses payable by the Company, the net proceeds to the Company is approximately $18 million. The Company has approximately 15,687,375 ordinary shares outstanding after the offering.

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The Company intends to use the net proceeds of the offering for working capital and general corporate purposes.

The results of the trading session contributed to over 2573607 shares changing hands. Over the past one week, the price volatility of MingZhu Logistics Holdings Limited stands at 13.20% while the volatility over the past one month is 8.89%.

The market cap for YGMZ stock reached $66.61 million, with 12.45 million shares outstanding and 3.09 million shares in the current float. Compared to the average trading volume of 1.31M shares, YGMZ reached a trading volume of 2573607 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about MingZhu Logistics Holdings Limited [YGMZ]?

The Average True Range (ATR) for MingZhu Logistics Holdings Limited is set at 0.46, with the Price to Sales ratio for YGMZ stock in the period of the last 12 months amounting to 2.33.

How has YGMZ stock performed recently?

MingZhu Logistics Holdings Limited [YGMZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.04. With this latest performance, YGMZ shares dropped by -2.19% in over the last four-week period, additionally plugging by 38.44% over the last 6 months.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for YGMZ stock in for the last two-week period is set at 53.20, with the RSI for the last a single of trading hit 65.86, and the three-weeks RSI is set at 47.52 for MingZhu Logistics Holdings Limited [YGMZ]. The present Moving Average for the last 50 days of trading for this stock 5.91, while it was recorded at 4.91 for the last single week of trading.

MingZhu Logistics Holdings Limited [YGMZ]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and MingZhu Logistics Holdings Limited [YGMZ] shares currently have an operating margin of +9.10 and a Gross Margin at +13.22. MingZhu Logistics Holdings Limited’s Net Margin is presently recorded at +5.59.

Return on Total Capital for YGMZ is now 18.18, given the latest momentum, and Return on Invested Capital for the company is 14.53. Return on Equity for this stock inclined to 16.24, with Return on Assets sitting at 8.65. When it comes to the capital structure of this company, MingZhu Logistics Holdings Limited [YGMZ] has a Total Debt to Total Equity ratio set at 48.02. Additionally, YGMZ Total Debt to Total Capital is recorded at 32.44, with Total Debt to Total Assets ending up at 24.59. Long-Term Debt to Equity for the company is recorded at 4.76, with the Long-Term Debt to Total Capital now at 3.22.

Receivables Turnover for the company is 2.78 with a Total Asset Turnover recorded at a value of 1.55.MingZhu Logistics Holdings Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

Insider trade positions for MingZhu Logistics Holdings Limited [YGMZ]

There are presently around $0 million, or 0.40% of YGMZ stock, in the hands of institutional investors. The top three institutional holders of YGMZ stocks are: VIRTU FINANCIAL LLC with ownership of 23,951, which is approximately New of the company’s market cap and around 74.25% of the total institutional ownership; BANK OF MONTREAL /CAN/, holding 5,000 shares of the stock with an approximate value of $27000.0 in YGMZ stocks shares; and UBS GROUP AG, currently with $9000.0 in YGMZ stock with ownership of nearly New of the company’s market capitalization.

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4 institutional holders increased their position in MingZhu Logistics Holdings Limited [NASDAQ:YGMZ] by around 32,196 shares. Additionally, 0 investors decreased positions by around 0 shares, while 0 investors held positions by with 0 shares. The mentioned changes placed institutional holdings at 32,196 shares, according to the latest SEC report filing. YGMZ stock had 4 new institutional investments in for a total of 32,196 shares, while 0 institutional investors sold positions of 0 shares during the same period.

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