MicroAlgo Inc [NASDAQ: MLGO] stock went on a downward path that fall over -8.18% on Friday, amounting to a one-week price decrease of less than -32.72%.
Over the last 12 months, MLGO stock dropped by -96.24%.
The market cap for the stock reached $100.85 million, with 24.20 million shares outstanding and 19.71 million shares in the current float. Compared to the average trading volume of 27.40M shares, MLGO stock reached a trading volume of 35138538 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on MicroAlgo Inc [MLGO]:
The Average True Range (ATR) for MicroAlgo Inc is set at 1.20, with the Price to Sales ratio for MLGO stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 0.13, 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 24.78 with Quick ratio for the last quarter at 6.11.
MLGO Stock Performance Analysis:
MicroAlgo Inc [MLGO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -32.72. With this latest performance, MLGO shares dropped by -72.86% in over the last four-week period, additionally sinking by -62.39% over the last 6 months – not to mention a drop of -96.24% 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 34.76, with the RSI for the last a single of trading hit 32.56, and the three-weeks RSI is set at 38.19 for MicroAlgo Inc [MLGO]. The present Moving Average for the last 50 days of trading for this stock 8.4188, while it was recorded at 1.5800 for the last single week of trading, and 5.4071 for the last 200 days.
Insight into MicroAlgo Inc 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.
