The 36-month beta value for MLGO is also noteworthy at 2.52.
The public float for MLGO is 2.77M, and at present, short sellers hold a 19.49% of that float. The average trading volume of MLGO on April 25, 2024 was 6.81M shares.
MLGO) stock’s latest price update
The stock of MicroAlgo Inc (NASDAQ: MLGO) has increased by 11.64 when compared to last closing price of 2.32.Despite this, the company has seen a gain of 9.75% in its stock price over the last five trading days. InvestorPlace reported 2023-12-06 that MicroAlgo (NASDAQ: MLGO ) stock is rising higher on Wednesday after the company announced plans to establish a postgraduate training facility. According to a press release from MicroAlgo, its Chinese companies will be working together with Shenzhen University Semiconductor Manufacturing Research Institute and the Haikou Comprehensive Free Trade Zone Management Committee.
MLGO’s Market Performance
MicroAlgo Inc (MLGO) has experienced a 9.75% rise in stock performance for the past week, with a -46.27% drop in the past month, and a 387.21% rise in the past quarter. The volatility ratio for the week is 11.58%, and the volatility levels for the past 30 days are at 11.89% for MLGO. The simple moving average for the past 20 days is -19.08% for MLGO’s stock, with a 15.28% simple moving average for the past 200 days.
MLGO Trading at 42.72% from the 50-Day Moving Average
After a stumble in the market that brought MLGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.40% of loss for the given period.
Volatility was left at 11.89%, however, over the last 30 days, the volatility rate increased by 11.58%, as shares sank -42.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -71.22% lower at present.
During the last 5 trading sessions, MLGO rose by +9.75%, which changed the moving average for the period of 200-days by -88.84% in comparison to the 20-day moving average, which settled at $3.10. In addition, MicroAlgo Inc saw 183.99% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for MLGO
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.24 for the gross margin
The net margin for MicroAlgo Inc stands at -0.1. The total capital return value is set at -0.15.
Based on MicroAlgo Inc (MLGO), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -3.48. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 21.9.
Currently, EBITDA for the company is -17.61 million with net debt to EBITDA at 2.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.01. The receivables turnover for the company is 4.14for trailing twelve months and the total asset turnover is 1.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.81.
Conclusion
In summary, MicroAlgo Inc (MLGO) has had a better 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.
