MGO Global Inc (NASDAQ: MGOL)’s stock price has dropped by -8.09 in relation to previous closing price of 0.23. Nevertheless, the company has seen a loss of -9.69% in its stock price over the last five trading days. Accesswire reported 2024-02-15 that MIAMI, FL, LONDON, UK, and NEW YORK, NY / ACCESSWIRE / February 15, 2024 / MGO Global Inc. (Nasdaq:MGOL), a digitally-native, lifestyle brand portfolio company, (“MGO” or the “Company”) today announced that following the Company’s review of its preliminary, unaudited financial results for the year ended December 31, 2023, the Company expects to report an approximate 400% increase in year-over-year revenue growth. These preliminary results are unaudited and subject to the completion of MGO’s financial reporting processes, reviews, audit and potential adjustments that might result.
Is It Worth Investing in MGO Global Inc (NASDAQ: MGOL) Right Now?
The 36-month beta value for MGOL is also noteworthy at 5.51.
The public float for MGOL is 7.61M, and at present, short sellers hold a 0.51% of that float. The average trading volume of MGOL on May 10, 2024 was 387.66K shares.
MGOL’s Market Performance
MGOL’s stock has seen a -9.69% decrease for the week, with a -28.82% drop in the past month and a -44.44% fall in the past quarter. The volatility ratio for the week is 10.66%, and the volatility levels for the past 30 days are at 12.04% for MGO Global Inc The simple moving average for the last 20 days is -11.20% for MGOL’s stock, with a simple moving average of -67.53% for the last 200 days.
MGOL Trading at -32.94% 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 -93.53% of loss for the given period.
Volatility was left at 12.04%, however, over the last 30 days, the volatility rate increased by 10.66%, as shares sank -28.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -48.37% lower at present.
During the last 5 trading sessions, MGOL fell by -9.71%, which changed the moving average for the period of 200-days by -88.88% in comparison to the 20-day moving average, which settled at $0.2324. In addition, MGO Global Inc saw -51.12% 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:
- -1.38 for the present operating margin
- 0.62 for the gross margin
The net margin for MGO Global Inc stands at -1.33. The total capital return value is set at -8.01. Equity return is now at value -2055.62, with -532.52 for asset returns.
Currently, EBITDA for the company is -7.38 million with net debt to EBITDA at 0.13. When we switch over and look at the enterprise to sales, we see a ratio of 0.47. The receivables turnover for the company is 83.13for trailing twelve months and the total asset turnover is 2.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.46.
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.
