Trading Day Review: MicroAlgo Inc (MLGO) Loses Momentum, Closing at 0.19

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The price of MicroAlgo Inc (NASDAQ: MLGO) closed at $0.19 in the last session, down -5.32% from day before closing price of $0.20. In other words, the price has decreased by -$5.32 from its previous closing price. On the day, 23.28 million shares were traded. MLGO stock price reached its highest trading level at $0.2259 during the session, while it also had its lowest trading level at $0.1939.

Ratios:

We take a closer look at MLGO’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.55 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 0.30 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, MLGO now has a Market Capitalization of 38714604 and an Enterprise Value of -297378208. Its current Enterprise Value per Revenue stands at -0.49 whereas that against EBITDA is 2.754.

Stock Price History:

Over the past 52 weeks, MLGO has reached a high of $156.00, while it has fallen to a 52-week low of $0.16. The 50-Day Moving Average of the stock is -20.81%, while the 200-Day Moving Average is calculated to be -93.37%.

Shares Statistics:

According to the various share statistics, MLGO traded on average about 30.75M shares per day over the past 3-months and 11405870 shares per day over the past 10 days. A total of 199.46M shares are outstanding, with a floating share count of 194.71M. Insiders hold about 2.38% of the company’s shares, while institutions hold 0.27% stake in the company. Shares short for MLGO as of 1730332800 were 3393659 with a Short Ratio of 0.11, compared to 1727654400 on 776208. Therefore, it implies a Short% of Shares Outstanding of 3393659 and a Short% of Float of 1.73.

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