The stock price of MingZhu Logistics Holdings Ltd (NASDAQ: YGMZ) has dropped by -5.93 compared to previous close of 0.43. Despite this, the company has seen a fall of -5.38% in its stock price over the last five trading days. PennyStocks reported 2021-12-29 that These penny stocks are on the move, early and here’s why. The post Hot Penny Stocks To Watch Before Today’s Opening Bell appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
Is It Worth Investing in MingZhu Logistics Holdings Ltd (NASDAQ: YGMZ) Right Now?
The 36-month beta value for YGMZ is also noteworthy at 1.30.
The public float for YGMZ is 13.68M, and at present, short sellers hold a 0.09% of that float. The average trading volume of YGMZ on May 02, 2024 was 257.88K shares.
YGMZ’s Market Performance
YGMZ stock saw a decrease of -5.38% in the past week, with a monthly decline of -1.18% and a quarterly a decrease of -19.76%. The volatility ratio for the week is 7.19%, and the volatility levels for the last 30 days are 7.32% for MingZhu Logistics Holdings Ltd (YGMZ). The simple moving average for the past 20 days is -2.54% for YGMZ’s stock, with a -24.31% simple moving average for the past 200 days.
YGMZ Trading at -10.96% from the 50-Day Moving Average
After a stumble in the market that brought YGMZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.90% of loss for the given period.
Volatility was left at 7.32%, however, over the last 30 days, the volatility rate increased by 7.19%, as shares sank -0.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.42% lower at present.
During the last 5 trading sessions, YGMZ fell by -5.38%, which changed the moving average for the period of 200-days by -53.99% in comparison to the 20-day moving average, which settled at $0.4116. In addition, MingZhu Logistics Holdings Ltd saw -14.64% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for YGMZ
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.06 for the gross margin
The net margin for MingZhu Logistics Holdings Ltd stands at -0.01. The total capital return value is set at 0.0. Equity return is now at value -0.98, with -0.46 for asset returns.
Based on MingZhu Logistics Holdings Ltd (YGMZ), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -0.25. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 0.06.
Currently, EBITDA for the company is 7.7 million with net debt to EBITDA at 7.52. When we switch over and look at the enterprise to sales, we see a ratio of 0.2. The receivables turnover for the company is 1.98for trailing twelve months and the total asset turnover is 0.96. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In summary, MingZhu Logistics Holdings Ltd (YGMZ) 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.
