In the past week, VCIG stock has gone down by -2.85%, with a monthly decline of -26.08% and a quarterly plunge of -79.36%. The volatility ratio for the week is 13.52%, and the volatility levels for the last 30 days are 17.71% for VCI Global Ltd. The simple moving average for the past 20 days is -24.18% for VCIG’s stock, with a -87.12% simple moving average for the past 200 days.
Is It Worth Investing in VCI Global Ltd (NASDAQ: VCIG) Right Now?
Moreover, the 36-month beta value for VCIG is 0.52. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VCIG is 56.58M and currently, short sellers hold a 1.58% of that float. On September 16, 2024, VCIG’s average trading volume was 2.58M shares.
VCIG) stock’s latest price update
VCI Global Ltd (NASDAQ: VCIG)’s stock price has soared by 3.18 in relation to previous closing price of 0.13. Nevertheless, the company has seen a loss of -2.85% in its stock price over the last five trading days. globenewswire.com reported 2024-09-03 that KUALA LUMPUR, Malaysia, Sept. 03, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global,” “VCIG,” or the “Company”) is pleased to announce that it has secured a major contract with Legacy Corporate Advisory Sdn Bhd (“Legacy”), a premier consulting firm based in Malaysia. Valued at approximately US$18 million, this significant deal is set to bring four high-potential Malaysian-based companies across diverse industries, including telecommunications, waste management, healthcare and beauty, and leisure to the Nasdaq stock exchange.
VCIG Trading at -56.93% 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 -97.32% of loss for the given period.
Volatility was left at 17.71%, however, over the last 30 days, the volatility rate increased by 13.52%, as shares sank -41.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -77.22% lower at present.
During the last 5 trading sessions, VCIG fell by -2.85%, which changed the moving average for the period of 200-days by -95.71% in comparison to the 20-day moving average, which settled at $0.1706. In addition, VCI Global Ltd saw -94.12% 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:
- 0.37 for the present operating margin
- 0.62 for the gross margin
The net margin for VCI Global Ltd stands at 0.39. The total capital return value is set at 0.35.
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 2.43.
Currently, EBITDA for the company is 35.5 million with net debt to EBITDA at -0.07. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 2.28for trailing twelve months and the total asset turnover is 0.77.
Conclusion
To wrap up, the performance of VCI Global Ltd (VCIG) has been bad in recent times. The stock has received a mixed of “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.
