MicroAlgo Inc [MLGO] is -50.80% lower this YTD. Is it still time to buy?

MicroAlgo Inc [NASDAQ: MLGO] closed the trading session at $1.85.

The stocks have a year to date performance of -50.80 percent and weekly performance of 12.12 percent. The stock has been moved at -44.68 percent over the last six months. The stock has performed -78.71 percent around the most recent 30 days and changed -59.43 percent over the most recent 3-months.

If compared to the average trading volume of 24.65M shares, MLGO reached to a volume of 116433247 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about MicroAlgo Inc [MLGO]:

The Average True Range (ATR) for MicroAlgo Inc is set at 1.49, with the Price to Sales ratio for MLGO stock in the period of the last 12 months amounting to 1.70. The Price to Book ratio for the last quarter was 0.17, with the Price to Cash per share for the same quarter was set at 2.39. Price to Free Cash Flow for MLGO in the course of the last twelve months was 31.40 with Quick ratio for the last quarter at 6.11.

MLGO stock trade performance evaluation

MicroAlgo Inc [MLGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.12. With this latest performance, MLGO shares dropped by -78.71% in over the last four-week period, additionally sinking by -44.68% over the last 6 months – not to mention a drop of -95.47% 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 MLGO stock in for the last two-week period is set at 35.78, with the RSI for the last a single of trading hit 34.45, and the three-weeks RSI is set at 38.92 for MicroAlgo Inc [MLGO]. The present Moving Average for the last 50 days of trading for this stock 8.6030, while it was recorded at 1.6400 for the last single week of trading, and 5.7231 for the last 200 days.

MicroAlgo Inc [MLGO]: An insightful look at the core fundamentals

MicroAlgo Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.11 and a Current Ratio set at 6.11.

MicroAlgo Inc [MLGO]: Institutional Ownership

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