There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for MGOL is 6.00M, and at present, short sellers hold a 0.44% of that float. The average trading volume of MGOL on November 21, 2023 was 348.86K shares.
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MGOL) stock’s latest price update
MGO Global Inc (NASDAQ: MGOL) has experienced a decline in its stock price by -10.69 compared to its previous closing price of 0.55. However, the company has seen a fall of -1.17% in its stock price over the last five trading days. Seeking Alpha reported 2023-11-17 that MGO Global, Inc. (NASDAQ:MGOL ) Q3 2023 Earnings Conference Call November 14, 2023 4:30 PM ET Company Participants Maximiliano Ojeda – Co-Founder, Chairman and CEO Vincent Ottomanelli – CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to MGO Global’s Third Quarter Results Webcast. Joining us from MGO are Maximiliano Ojeda, Co-Founder, Chairman and CEO; and MGO’s Chief Financial Officer, Vincent Ottomanelli.
MGOL’s Market Performance
MGO Global Inc (MGOL) has experienced a -1.17% fall in stock performance for the past week, with a -17.91% drop in the past month, and a -52.77% drop in the past quarter. The volatility ratio for the week is 19.72%, and the volatility levels for the past 30 days are at 14.42% for MGOL. The simple moving average for the past 20 days is -1.15% for MGOL’s stock, with a -64.72% simple moving average for the past 200 days.
MGOL Trading at -29.07% from the 50-Day Moving Average
After a stumble in the market that brought MGOL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.04% of loss for the given period.
Volatility was left at 14.42%, however, over the last 30 days, the volatility rate increased by 19.72%, as shares sank -14.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.12% lower at present.
During the last 5 trading sessions, MGOL fell by -1.41%, which changed the moving average for the period of 200-days by -79.92% in comparison to the 20-day moving average, which settled at $0.4928. In addition, MGO Global Inc saw -89.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MGOL
Current profitability levels for the company are sitting at:
- -251.81 for the present operating margin
- +67.78 for the gross margin
The net margin for MGO Global Inc stands at -246.46. Equity return is now at value -512.31, with -320.52 for asset returns.
The receivables turnover for the company is 19.94 and the total asset turnover is 2.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.27.
Conclusion
In summary, MGO Global Inc (MGOL) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
