Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The closing price of Magic Empire Global Ltd (NASDAQ: MEGL) was $1.71 for the day, down -13.20% from the previous closing price of $1.97. In other words, the price has decreased by -$13.20 from its previous closing price. On the day, 2.05 million shares were traded.
Ratios:
Our analysis of MEGL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 36.89 and its Current Ratio is at 36.89. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 8.41 while its Price-to-Book (P/B) ratio in mrq is 0.52.
Stock Price History:
Over the past 52 weeks, MEGL has reached a high of $5.52, while it has fallen to a 52-week low of $1.02. The 50-Day Moving Average of the stock is 24.95%, while the 200-Day Moving Average is calculated to be -6.30%.
Shares Statistics:
A total of 4.06M shares are outstanding, with a floating share count of 1.43M. Insiders hold about 82.32% of the company’s shares, while institutions hold 0.48% stake in the company.
