Treasure Global Inc (NASDAQ: TGL)’s stock price has gone rise by 6.53 in comparison to its previous close of 4.29, however, the company has experienced a -5.58% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-02-15 that Treasure Global (NASDAQ: TGL ) stock is taking a beating on Thursday following the release of the e-commerce company’s earnings report for its fiscal second quarter of 2024. The bad news for TGL stockholders comes from the company’s revenue of $6.71 million during the quarter.
Is It Worth Investing in Treasure Global Inc (NASDAQ: TGL) Right Now?
The 36-month beta value for TGL is also noteworthy at -0.89. 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 TGL is 0.79M, and at present, short sellers hold a 14.62% of that float. The average trading volume of TGL on April 19, 2024 was 721.37K shares.
TGL’s Market Performance
TGL stock saw an increase of -5.58% in the past week, with a monthly gain of 4.34% and a quarterly increase of -36.62%. The volatility ratio for the week is 13.08%, and the volatility levels for the last 30 days are 15.64% for Treasure Global Inc (TGL). The simple moving average for the past 20 days is -1.58% for TGL’s stock, with a -76.16% simple moving average for the past 200 days.
TGL Trading at -5.66% 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 -97.16% of loss for the given period.
Volatility was left at 15.64%, however, over the last 30 days, the volatility rate increased by 13.08%, as shares sank -24.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.62% lower at present.
During the last 5 trading sessions, TGL fell by -5.58%, which changed the moving average for the period of 200-days by -94.06% in comparison to the 20-day moving average, which settled at $4.57. In addition, Treasure Global Inc saw -26.81% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TGL starting from TEO CHONG CHAN, who purchase 1,170,000 shares at the price of $0.08 back on Feb 02 ’24. After this action, TEO CHONG CHAN now owns 3,953,516 shares of Treasure Global Inc, valued at $98,397 using the latest closing price.
TEO CHONG CHAN, the Chief Executive Officer of Treasure Global Inc, purchase 1,057,519 shares at $0.18 during a trade that took place back on Oct 30 ’23, which means that TEO CHONG CHAN is holding 2,661,714 shares at $187,181 based on the most recent closing price.
Stock Fundamentals for TGL
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.01 for the gross margin
The net margin for Treasure Global Inc stands at -0.17. The total capital return value is set at -2.32. Equity return is now at value -212.70, with -167.86 for asset returns.
Based on Treasure Global Inc (TGL), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -179.33. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -11.11.
Currently, EBITDA for the company is -10.1 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.07. The receivables turnover for the company is 270.35for trailing twelve months and the total asset turnover is 10.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.94.
Conclusion
In summary, Treasure Global Inc (TGL) 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.
