The stock of VCI Global Ltd (NASDAQ: VCIG) has decreased by -4.80 when compared to last closing price of 1.25. Despite this, the company has experienced a 2.59% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-26 that KUALA LUMPUR, Malaysia, April 26, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (“VCI Global”, “VCIG”, or the “Company”), is pleased to announce that it has scheduled an investor conference call at 8:00 a.m. Eastern Time on Tuesday, April 30th, 2024.
Is It Worth Investing in VCI Global Ltd (NASDAQ: VCIG) Right Now?
The 36-month beta value for VCIG is also noteworthy at 1.04.
The public float for VCIG is 5.23M, and at present, short sellers hold a 5.72% of that float. The average trading volume of VCIG on April 30, 2024 was 876.04K shares.
VCIG’s Market Performance
VCIG stock saw an increase of 2.59% in the past week, with a monthly gain of 11.21% and a quarterly increase of 27.96%. The volatility ratio for the week is 7.83%, and the volatility levels for the last 30 days are 8.42% for VCI Global Ltd (VCIG). The simple moving average for the past 20 days is 6.20% for VCIG’s stock, with a -51.19% simple moving average for the past 200 days.
VCIG Trading at 7.15% from the 50-Day Moving Average
After a stumble in the market that brought VCIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.08% of loss for the given period.
Volatility was left at 8.42%, however, over the last 30 days, the volatility rate increased by 7.83%, as shares surge +20.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.04% upper at present.
During the last 5 trading sessions, VCIG rose by +6.03%, which changed the moving average for the period of 200-days by -62.04% in comparison to the 20-day moving average, which settled at $1.1310. In addition, VCI Global Ltd saw -47.35% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for VCIG
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.63 for the gross margin
The net margin for VCI Global Ltd stands at 0.49. The total capital return value is set at 0.29.
Based on VCI Global Ltd (VCIG), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -11.11.
Currently, EBITDA for the company is 13.49 million with net debt to EBITDA at -0.66. When we switch over and look at the enterprise to sales, we see a ratio of 3.83. The receivables turnover for the company is 0.95for trailing twelve months and the total asset turnover is 0.63.
Conclusion
In summary, VCI Global Ltd (VCIG) has had a mixed 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.
