Magic Empire Global Limited (NASDAQ:MEGL) went down by -10.00% from its latest closing price compared to the recent 1-year high of $249.94. The company’s stock price has collected 21.15% of gains in the last five trading sessions.
Is It Worth Investing in Magic Empire Global Limited (NASDAQ :MEGL) Right Now?
Magic Empire Global Limited (NASDAQ:MEGL) scored a price-to-earnings ratio above its average ratio, recording 126.00 x from its present earnings ratio. Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Magic Empire Global Limited declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
MEGL currently public float of 7.40M and currently shorts hold a 0.13% ratio of that float. Today, the average trading volume of MEGL was 1.33M shares.
MEGL’s Market Performance
MEGL stocks went up by 21.15% for the week, with a monthly jump of 58.49% and a quarterly performance of -14.86%. The volatility ratio for the week stands at 25.83% while the volatility levels for the past 30 days are set at 19.90% for Magic Empire Global Limited. The simple moving average for the period of the last 20 days is 30.96% for MEGL stocks with a simple moving average of -57.09% for the last 200 days.
MEGL Trading at 21.63% from the 50-Day Moving Average
After a stumble in the market that brought MEGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.99% of loss for the given period.
Volatility was left at 19.90%, however, over the last 30 days, the volatility rate increased by 25.83%, as shares surge +64.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.40% lower at present.
During the last 5 trading sessions, MEGL rose by +21.15%, in comparison to the 20-day moving average, which settled at $1.97. In addition, Magic Empire Global Limited saw 95.35% in overturn over a single year, with a tendency to cut further gains.