The 36-month beta value for MLGO is at 2.95.
The public float for MLGO is 6.53M, and currently, shorts hold a 11.89% of that float. The average trading volume for MLGO on October 21, 2024 was 31.25M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
MLGO) stock’s latest price update
MicroAlgo Inc (NASDAQ: MLGO)’s stock price has increased by 0.46 compared to its previous closing price of 0.30. However, the company has seen a -10.75% decrease 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.
MLGO’s Market Performance
MicroAlgo Inc (MLGO) has seen a -10.75% fall in stock performance for the week, with a 45.05% gain in the past month and a -87.32% plunge in the past quarter. The volatility ratio for the week is 19.13%, and the volatility levels for the past 30 days are at 21.90% for MLGO. The simple moving average for the past 20 days is 4.80% for MLGO’s stock, with a -91.74% simple moving average for the past 200 days.
MLGO Trading at -17.95% 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 -99.81% of loss for the given period.
Volatility was left at 21.90%, however, over the last 30 days, the volatility rate increased by 19.13%, as shares surge +50.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -67.10% lower at present.
During the last 5 trading sessions, MLGO fell by -10.75%, which changed the moving average for the period of 200-days by -95.88% in comparison to the 20-day moving average, which settled at $0.2891. In addition, MicroAlgo Inc saw -96.68% 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:
- -0.27 for the present operating margin
- 0.3 for the gross margin
The net margin for MicroAlgo Inc stands at -0.36. The total capital return value is set at -0.3.
Based on MicroAlgo Inc (MLGO), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03.
Currently, EBITDA for the company is -17.61 million with net debt to EBITDA at 2.47. When we switch over and look at the enterprise to sales, we see a ratio of -0.38. The receivables turnover for the company is 28.31for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.55.
Conclusion
In conclusion, MicroAlgo Inc (MLGO) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
