In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Magic Empire Global Ltd (NASDAQ: MEGL) closed at $0.62 up 3.40% from its previous closing price of $0.60. In other words, the price has increased by $3.40 from its previous closing price. On the day, 0.2 million shares were traded. MEGL stock price reached its highest trading level at $0.66 during the session, while it also had its lowest trading level at $0.5789.
Ratios:
For a deeper understanding of Magic Empire Global Ltd’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 12538526 and an Enterprise Value of -79363096. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.37 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at -5.143.
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 13.55%, while the 200-Day Moving Average is calculated to be 12.29%.
Shares Statistics:
For the past three months, MEGL has traded an average of 1.65M shares per day and 8918780 over the past ten 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 0.14% stake in the company. Shares short for MEGL as of 1735603200 were 90853 with a Short Ratio of 0.06, compared to 1732838400 on 235186. Therefore, it implies a Short% of Shares Outstanding of 90853 and a Short% of Float of 0.9400000000000001.
