MicroAlgo Inc [NASDAQ: MLGO] stock went on an upward path that rose over 10.00% on Thursday, amounting to a one-week price increase of more than 15.50%.
Over the last 12 months, MLGO stock dropped by -81.86%.
The market cap for the stock reached $47.11 million, with 24.20 million shares outstanding and 19.71 million shares in the current float. Compared to the average trading volume of 31.02M shares, MLGO stock reached a trading volume of 48092406 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 Price to Book ratio for the last quarter was 0.06, 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 11.57 with Quick ratio for the last quarter at 6.11.
MLGO Stock Performance Analysis:
MicroAlgo Inc [MLGO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.50. With this latest performance, MLGO shares dropped by -46.72% in over the last four-week period, additionally sinking by -83.24% over the last 6 months – not to mention a drop of -81.86% in the past year of trading.
Insight into MicroAlgo Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and MicroAlgo Inc [MLGO] shares currently have an operating margin of 3.72% and a Gross Margin at 28.40%. MicroAlgo Inc’s Net Margin is presently recorded at 7.13%.
MicroAlgo Inc [MLGO] Institutonal Ownership Details
There are presently around $2.32%, or 2.52%% of MLGO stock, in the hands of institutional investors.
