The stock of Linkage Global Inc. (NASDAQ: LGCB) has increased by 0.86 when compared to last closing price of 2.85.Despite this, the company has seen a loss of -12.90% in its stock price over the last five trading days. globenewswire.com reported 2024-04-22 that Tokyo Japan, April 22, 2024 (GLOBE NEWSWIRE) — Linkage Global Inc (the “Company” or “Linkage”) (NASDAQ: LGCB), a cross-border e-commerce integrated service company headquartered in Japan, today announced that its wholly-owned subsidiary, HQT Network Co. Limited (“HQT Network”), has entered into an advertising deployment contract (the “Contract”) with a major client with a budget of $40 million.
Is It Worth Investing in Linkage Global Inc. (NASDAQ: LGCB) Right Now?
The public float for LGCB is 7.20M, and currently, short sellers hold a 0.54% ratio of that floaft. The average trading volume of LGCB on June 27, 2024 was 28.55K shares.
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LGCB’s Market Performance
The stock of Linkage Global Inc. (LGCB) has seen a -12.90% decrease in the past week, with a 3.03% rise in the past month, and a -2.89% fall in the past quarter. The volatility ratio for the week is 14.34%, and the volatility levels for the past 30 days are at 15.78% for LGCB. The simple moving average for the last 20 days is -4.71% for LGCB’s stock, with a simple moving average of 17.97% for the last 200 days.
LGCB Trading at -4.75% from the 50-Day Moving Average
After a stumble in the market that brought LGCB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -33.15% of loss for the given period.
Volatility was left at 15.78%, however, over the last 30 days, the volatility rate increased by 14.34%, as shares surge +5.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.01% lower at present.
During the last 5 trading sessions, LGCB fell by -12.12%, in comparison to the 20-day moving average, which settled at $3.02. In addition, Linkage Global Inc. saw 84.26% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for LGCB
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In a nutshell, Linkage Global Inc. (LGCB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
