Magic Empire Global Ltd [NASDAQ: MEGL] stock went on a downward path that fall over -6.05% on Tuesday, amounting to a one-week price decrease of less than -6.35%.
Over the last 12 months, MEGL stock dropped by -53.17%.
The market cap for the stock reached $9.52 million, with 16.26 million shares outstanding and 1.43 million shares in the current float. Compared to the average trading volume of 105.97K shares, MEGL stock reached a trading volume of 2848427 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Magic Empire Global Ltd [MEGL]:
The Average True Range (ATR) for Magic Empire Global Ltd is set at 0.13, with the Price to Sales ratio for MEGL stock in the period of the last 12 months amounting to 5.80. The Price to Book ratio for the last quarter was 0.36, with the Price to Cash per share for the same quarter was set at 2.04.
MEGL Stock Performance Analysis:
Magic Empire Global Ltd [MEGL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.35. With this latest performance, MEGL shares dropped by -14.80% in over the last four-week period, additionally sinking by -42.28% over the last 6 months – not to mention a drop of -53.17% 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 42.59, with the RSI for the last a single of trading hit 42.25, and the three-weeks RSI is set at 42.23 for Magic Empire Global Ltd [MEGL]. The present Moving Average for the last 50 days of trading for this stock 1.3544, while it was recorded at 1.2060 for the last single week of trading, and 1.8949 for the last 200 days.
Insight into Magic Empire Global Ltd Fundamentals:
Magic Empire Global Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 36.89 and a Current Ratio set at 36.89.
Magic Empire Global Ltd [MEGL] Institutonal Ownership Details
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%.
