For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The price of Magic Empire Global Ltd (NASDAQ: MEGL) closed at $0.91 in the last session, up 1.22% from day before closing price of $0.90. In other words, the price has increased by $1.22 from its previous closing price. On the day, 2.8 million shares were traded. MEGL stock price reached its highest trading level at $0.91 during the session, while it also had its lowest trading level at $0.7112.
Ratios:
We take a closer look at MEGL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 56.82 and its Current Ratio is at 56.82. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 09 ’25 when Chen Sze Hon, Johnson bought 1,500,000 shares for $0.56 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MEGL now has a Market Capitalization of 18433052 and an Enterprise Value of -73468568. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.36 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at -4.761.
Stock Price History:
Over the past 52 weeks, MEGL has reached a high of $1.38, while it has fallen to a 52-week low of $0.41. The 50-Day Moving Average of the stock is 73.97%, while the 200-Day Moving Average is calculated to be 65.06%.
Shares Statistics:
According to the various share statistics, MEGL traded on average about 1.57M shares per day over the past 3-months and 8724590 shares per day over the past 10 days. A total of 20.26M shares are outstanding, with a floating share count of 9.64M. Insiders hold about 52.41% of the company’s shares, while institutions hold 0.24% stake in the company. Shares short for MEGL as of 1734048000 were 93897 with a Short Ratio of 0.06, compared to 1731628800 on 248226. Therefore, it implies a Short% of Shares Outstanding of 93897 and a Short% of Float of 0.97.
