The stock of MicroAlgo Inc (NASDAQ: MLGO) has decreased by -3.09 when compared to last closing price of 0.25.Despite this, the company has seen a loss of -19.31% in its stock price over the last five trading days. 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?
Company’s 36-month beta value is 2.95.
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The public float for MLGO is 6.53M, and currently, short sellers hold a 21.23% ratio of that floaft. The average trading volume of MLGO on October 25, 2024 was 31.40M shares.
MLGO’s Market Performance
The stock of MicroAlgo Inc (MLGO) has seen a -19.31% decrease in the past week, with a 2.30% rise in the past month, and a -84.33% fall in the past quarter. The volatility ratio for the week is 9.83%, and the volatility levels for the past 30 days are at 20.21% for MLGO. The simple moving average for the last 20 days is -19.05% for MLGO’s stock, with a simple moving average of -92.98% for the last 200 days.
MLGO Trading at -26.08% 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 -99.84% of loss for the given period.
Volatility was left at 20.21%, however, over the last 30 days, the volatility rate increased by 9.83%, as shares surge +6.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.81% lower at present.
During the last 5 trading sessions, MLGO fell by -18.51%, which changed the moving average for the period of 200-days by -96.64% in comparison to the 20-day moving average, which settled at $0.3022. In addition, MicroAlgo Inc saw -97.32% 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 -0.39. 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 a nutshell, MicroAlgo Inc (MLGO) has experienced a bad performance in recent times. The stock has received mixed “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.
