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In the latest session, Magic Empire Global Ltd (NASDAQ: MEGL) closed at $0.47 down -6.89% from its previous closing price of $0.50. In other words, the price has decreased by -$6.89 from its previous closing price. On the day, 1.45 million shares were traded. MEGL stock price reached its highest trading level at $0.6188 during the session, while it also had its lowest trading level at $0.455.
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.
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 9520367 and an Enterprise Value of -81980184. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at -5.313.
Stock Price History:
Over the past 52 weeks, MEGL has reached a high of $1.47, while it has fallen to a 52-week low of $0.41. The 50-Day Moving Average of the stock is -6.30%, while the 200-Day Moving Average is calculated to be -14.90%.
Shares Statistics:
For the past three months, MEGL has traded an average of 290.43K shares per day and 111840 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 0.24% stake in the company. Shares short for MEGL as of 1732838400 were 235186 with a Short Ratio of 0.32, compared to 1730332800 on 456513. Therefore, it implies a Short% of Shares Outstanding of 235186 and a Short% of Float of 2.4400001000000002.
