In the past week, VCIG stock has gone down by -31.62%, with a monthly decline of -37.58% and a quarterly plunge of -80.40%. The volatility ratio for the week is 18.13%, and the volatility levels for the last 30 days are 13.87% for VCI Global Ltd The simple moving average for the past 20 days is -28.23% for VCIG’s stock, with a -87.28% simple moving average for the past 200 days.
Is It Worth Investing in VCI Global Ltd (NASDAQ: VCIG) Right Now?
The stock has a 36-month beta value of 0.48. Opinions on the stock are mixed, 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 59.80M, and at present, short sellers hold a 2.70% of that float. On October 18, 2024, the average trading volume of VCIG was 4.86M shares.
VCIG) stock’s latest price update
The stock price of VCI Global Ltd (NASDAQ: VCIG) has jumped by 9.41 compared to previous close of 0.09. Despite this, the company has seen a fall of -31.62% in its stock price over the last five trading days. globenewswire.com reported 2024-10-09 that KUALA LUMPUR, Malaysia, Oct. 09, 2024 (GLOBE NEWSWIRE) — VCI Global Limited (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI Global” or the “Company”), through its subsidiary, V Gallant Sdn Bhd (“V-Gallant”), is offering end-to-end AI computing solutions to enterprises by integrating next-generation AI servers equipped with NVIDIA H200 Tensor Core GPUs and AI software such as Large Language Models (LLMs) and automated machine learning platforms. Beyond seamless integration, enterprises can enhance operational efficiency by optimizing computing power distribution, improving data flow, and task automation.
VCIG Trading at -39.49% 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 -97.49% of loss for the given period.
Volatility was left at 13.87%, however, over the last 30 days, the volatility rate increased by 18.13%, as shares sank -36.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -62.03% lower at present.
During the last 5 trading sessions, VCIG fell by -33.60%, which changed the moving average for the period of 200-days by -95.44% in comparison to the 20-day moving average, which settled at $0.1294. In addition, VCI Global Ltd saw -95.88% 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 VCIG starting from Hong Khay Kuan, who proposed sale 630,362 shares at the price of $0.12 back on Sep 27 ’24. After this action, Hong Khay Kuan now owns shares of VCI Global Ltd, valued at $78,165 using the latest closing price.
Stock Fundamentals for VCIG
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 0.71 for the gross margin
The net margin for VCI Global Ltd stands at 0.38. The total capital return value is set at 0.21.
Based on VCI Global Ltd (VCIG), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 3.36.
Currently, EBITDA for the company is 35.5 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 3.31for trailing twelve months and the total asset turnover is 0.41.
Conclusion
To sum up, VCI Global Ltd (VCIG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
