The public float for LGCB is 7.20M, and currently, short sellers hold a 0.11% ratio of that float. The average trading volume of LGCB on September 20, 2024 was 56.28K shares.
LGCB) stock’s latest price update
The stock of Linkage Global Inc. (NASDAQ: LGCB) has decreased by -14.76 when compared to last closing price of 1.16.Despite this, the company has seen a loss of -19.61% in its stock price over the last five trading days. globenewswire.com reported 2024-09-11 that TOKYO, Sept. 11, 2024 (GLOBE NEWSWIRE) — Linkage Global Inc (“Linkage Cayman”, or the “Company”), a cross-border e-commerce integrated services provider headquartered in Japan, today announced its unaudited financial results for the six months ended March 31, 2024.
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LGCB’s Market Performance
Linkage Global Inc. (LGCB) has experienced a -19.61% fall in stock performance for the past week, with a -47.96% drop in the past month, and a -70.48% drop in the past quarter. The volatility ratio for the week is 16.18%, and the volatility levels for the past 30 days are at 12.91% for LGCB. The simple moving average for the past 20 days is -36.58% for LGCB’s stock, with a -59.74% simple moving average for the past 200 days.
LGCB Trading at -58.96% 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 -82.67% of loss for the given period.
Volatility was left at 12.91%, however, over the last 30 days, the volatility rate increased by 16.18%, as shares sank -49.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.85% lower at present.
During the last 5 trading sessions, LGCB fell by -19.61%, in comparison to the 20-day moving average, which settled at $1.5110. In addition, Linkage Global Inc. saw -36.62% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at LGCB starting from Zhihua Wu, who proposed sale 302,725 shares at the price of $1.99 back on Aug 16 ’24. After this action, Zhihua Wu now owns shares of Linkage Global Inc., valued at $602,423 using the latest closing price.
Stock Fundamentals for LGCB
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.15 for the gross margin
The net margin for Linkage Global Inc. stands at -0.05. The total capital return value is set at -0.12. Equity return is now at value -50.50, with -21.63 for asset returns.
Based on Linkage Global Inc. (LGCB), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -1.43. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is -6.81.
Currently, EBITDA for the company is -0.43 million with net debt to EBITDA at -4.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 6.33for trailing twelve months and the total asset turnover is 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.15.
Conclusion
To put it simply, Linkage Global Inc. (LGCB) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
