MicroAlgo Inc (NASDAQ: MLGO) has seen a decline in its stock price by -4.57 in relation to its previous close of 0.40. However, the company has experienced a -25.41% decline in its stock price over the last five trading sessions. marketbeat.com reported 2024-06-25 that MicroAlgo Inc. NASDAQ: MLGO has captured the attention of investors and analysts with a 200% surge in its stock price. This dramatic increase coincided with a shareholder update and MicroAlgo’s news of a significant investment by Masaya Otsuka.
Is It Worth Investing in MicroAlgo Inc (NASDAQ: MLGO) Right Now?
Additionally, the 36-month beta value for MLGO is 3.11.
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The public float for MLGO is 2.86M and currently, short sellers hold a 22.42% ratio of that float. The average trading volume of MLGO on August 30, 2024 was 15.21M shares.
MLGO’s Market Performance
The stock of MicroAlgo Inc (MLGO) has seen a -25.41% decrease in the past week, with a -68.73% drop in the past month, and a -77.24% fall in the past quarter. The volatility ratio for the week is 16.44%, and the volatility levels for the past 30 days are at 21.10% for MLGO. The simple moving average for the last 20 days is -44.44% for MLGO stock, with a simple moving average of -95.49% for the last 200 days.
MLGO Trading at -90.24% 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 -99.75% of loss for the given period.
Volatility was left at 21.10%, however, over the last 30 days, the volatility rate increased by 16.44%, as shares sank -70.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -90.60% lower at present.
During the last 5 trading sessions, MLGO fell by -25.83%, which changed the moving average for the period of 200-days by -98.83% in comparison to the 20-day moving average, which settled at $0.6468. In addition, MicroAlgo Inc saw -95.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MLGO
Current profitability levels for the company are sitting at:
- -0.23 for the present operating margin
- 0.3 for the gross margin
The net margin for MicroAlgo Inc stands at -0.46. The total capital return value is set at -0.4.
Based on MicroAlgo Inc (MLGO), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -3.45. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -566.9.
Currently, EBITDA for the company is -17.61 million with net debt to EBITDA at 2.38. When we switch over and look at the enterprise to sales, we see a ratio of -0.49. The receivables turnover for the company is 25.3for trailing twelve months and the total asset turnover is 1.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.81.
Conclusion
In conclusion, MicroAlgo Inc (MLGO) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
