The average price suggested by analysts for TGL is $0.54, The public float for TGL is 8.94M, and currently, shorts hold a 5.79% of that float. The average trading volume for TGL on November 17, 2023 was 1.99M shares.
TGL) stock’s latest price update
Treasure Global Inc (NASDAQ: TGL)’s stock price has increased by 4.59 compared to its previous closing price of 0.24. However, the company has seen a -7.54% decrease in its stock price over the last five trading sessions. GlobeNewsWire reported 2023-08-28 that NEW YORK and KUALA LUMPUR, Malaysia, Aug. 28, 2023 (GLOBE NEWSWIRE) — Treasure Global Inc (NASDAQ: TGL) (“TGL”, “Treasure Global,” or the “Company”), an innovative technology solutions provider, today announced that the Company will participate at the H.C. Wainwright 25th Annual Global Investment Conference to be held at The Lotte New York Palace Hotel in New York City, September 11-13, 2023.
TGL’s Market Performance
TGL’s stock has fallen by -7.54% in the past week, with a monthly drop of -22.20% and a quarterly drop of -44.67%. The volatility ratio for the week is 17.74% while the volatility levels for the last 30 days are 20.76% for Treasure Global Inc The simple moving average for the last 20 days is -31.39% for TGL stock, with a simple moving average of -74.51% for the last 200 days.
TGL Trading at -15.95% from the 50-Day Moving Average
After a stumble in the market that brought TGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -91.97% of loss for the given period.
Volatility was left at 20.76%, however, over the last 30 days, the volatility rate increased by 17.74%, as shares sank -33.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.69% lower at present.
During the last 5 trading sessions, TGL fell by -10.00%, which changed the moving average for the period of 200-days by -86.57% in comparison to the 20-day moving average, which settled at $0.3656. In addition, Treasure Global Inc saw -85.08% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at TGL starting from TEO CHONG CHAN, who purchase 1,057,519 shares at the price of $0.18 back on Oct 30. After this action, TEO CHONG CHAN now owns 2,661,714 shares of Treasure Global Inc, valued at $187,181 using the latest closing price.
TEO CHONG CHAN, the Chief Executive Officer of Treasure Global Inc, purchase 121,802 shares at $0.83 during a trade that took place back on Jul 27, which means that TEO CHONG CHAN is holding 1,725,997 shares at $101,096 based on the most recent closing price.
Stock Fundamentals for TGL
Current profitability levels for the company are sitting at:
- -14.75 for the present operating margin
- +0.75 for the gross margin
The net margin for Treasure Global Inc stands at -16.90. Equity return is now at value -331.08, with -146.06 for asset returns.
The receivables turnover for the company is 850.75 and the total asset turnover is 15.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.
In conclusion, Treasure Global Inc (TGL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.