Magic Empire Global Ltd [NASDAQ: MEGL] jumped around 0.03 points on Thursday, while shares priced at $0.50 at the close of the session, up 7.07%.
Compared to the average trading volume of 182.20K shares, MEGL reached a trading volume of 3752899 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Magic Empire Global Ltd [MEGL]?
The Average True Range (ATR) for Magic Empire Global Ltd is set at 0.07, with the Price to Sales ratio for MEGL stock in the period of the last 12 months amounting to 5.76. The Price to Book ratio for the last quarter was 0.59, with the Price to Cash per share for the same quarter was set at 0.58.
How has MEGL stock performed recently?
Magic Empire Global Ltd [MEGL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.04. With this latest performance, MEGL shares gained by 3.95% in over the last four-week period, additionally sinking by -27.01% over the last 6 months – not to mention a drop of -45.18% in the past year of trading.
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 MEGL stock in for the last two-week period is set at 48.13, with the RSI for the last a single of trading hit 47.10, and the three-weeks RSI is set at 48.80 for Magic Empire Global Ltd [MEGL]. The present Moving Average for the last 50 days of trading for this stock 0.4921, while it was recorded at 0.4895 for the last single week of trading, and 0.6211 for the last 200 days.
Magic Empire Global Ltd [MEGL]: Deeper insight into the fundamentals
Magic Empire Global Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 24.13 and a Current Ratio set at 24.13.
Insider trade positions for Magic Empire Global Ltd [MEGL]
The top three institutional holders of MEGL stocks are: CITADEL ADVISORS LLC with ownership of 36659.0 shares, which is approximately 0.181%. UBS GROUP AG, holding 22641.0 shares of the stock with an approximate value of $$12226.0 in MEGL stocks shares; and UBS GROUP AG, currently with $$8000.0 in MEGL stock with ownership which is approximately 0.0776%.
