Market Recap: MingZhu Logistics Holdings Ltd (YGMZ)’s Positive Momentum, Closing at 0.86

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The closing price of MingZhu Logistics Holdings Ltd (NASDAQ: YGMZ) was $0.86 for the day, up 24.20% from the previous closing price of $0.69. In other words, the price has increased by $24.20 from its previous closing price. On the day, 0.53 million shares were traded. YGMZ stock price reached its highest trading level at $0.94 during the session, while it also had its lowest trading level at $0.694.

Ratios:

Our analysis of YGMZ’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 0.49 whereas as Long-Term Debt/Eq ratio is at 0.01.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, YGMZ now has a Market Capitalization of 5723963 and an Enterprise Value of 21288524. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 0.239 whereas that against EBITDA is 12.324.

Stock Price History:

The Beta on a monthly basis for YGMZ is 1.16, which has changed by -0.78995097 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, YGMZ has reached a high of $6.24, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is -18.58%, while the 200-Day Moving Average is calculated to be -51.22%.

Shares Statistics:

YGMZ traded an average of 52.20K shares per day over the past three months and 81410 shares per day over the past ten days. A total of 12.45M shares are outstanding, with a floating share count of 2.99M. Insiders hold about 37.48% of the company’s shares, while institutions hold 0.01% stake in the company. Shares short for YGMZ as of 1734048000 were 11760 with a Short Ratio of 0.06, compared to 1731628800 on 15581. Therefore, it implies a Short% of Shares Outstanding of 11760 and a Short% of Float of 0.2.

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