Additionally, the 36-month beta value for TGL is -0.77. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TGL is 1.86M and currently, short sellers hold a 0.46% ratio of that float. The average trading volume of TGL on November 01, 2024 was 3.84M shares.
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TGL) stock’s latest price update
The stock of Treasure Global Inc (NASDAQ: TGL) has decreased by -7.90 when compared to last closing price of 0.61.Despite this, the company has seen a loss of -20.16% in its stock price over the last five trading days. globenewswire.com reported 2024-10-22 that NEW YORK and KUALA LUMPUR, Malaysia, Oct. 22, 2024 (GLOBE NEWSWIRE) — Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading e-commerce platform operator through its ZCity application, today announced the signing of a significant partnership agreement with Octagram Investment Limited (“OCTA”), a software development firm specializing in scalable solutions across various sectors. This strategic collaboration aims to enhance user engagement and drive growth through the integration of innovative mini-game modules into the ZCity platform. This collaboration aims to drive growth and enhance user engagement through the integration of innovative technology modules into the ZCity platform, including interactive mini-games.
TGL’s Market Performance
TGL’s stock has fallen by -20.16% in the past week, with a monthly drop of -60.14% and a quarterly drop of -57.07%. The volatility ratio for the week is 17.14% while the volatility levels for the last 30 days are 13.70% for Treasure Global Inc The simple moving average for the past 20 days is -30.08% for TGL’s stock, with a -82.36% simple moving average for the past 200 days.
TGL Trading at -34.08% from the 50-Day Moving Average
After a stumble in the market that brought TGL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.52% of loss for the given period.
Volatility was left at 13.70%, however, over the last 30 days, the volatility rate increased by 17.14%, as shares sank -54.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -50.17% lower at present.
During the last 5 trading sessions, TGL fell by -20.16%, which changed the moving average for the period of 200-days by -92.36% in comparison to the 20-day moving average, which settled at $0.7982. In addition, Treasure Global Inc saw -91.06% 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 TGL starting from TEO CHONG CHAN, who purchase 1,170,000 shares at the price of $0.08 back on Feb 02 ’24. After this action, TEO CHONG CHAN now owns 3,953,516 shares of Treasure Global Inc, valued at $98,397 using the latest closing price.
Stock Fundamentals for TGL
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.04 for the gross margin
The net margin for Treasure Global Inc stands at -0.3. The total capital return value is set at -1.79. Equity return is now at value -405.28, with -123.68 for asset returns.
Based on Treasure Global Inc (TGL), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -98.48. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -14.0.
Currently, EBITDA for the company is -5.35 million with net debt to EBITDA at 0.03. When we switch over and look at the enterprise to sales, we see a ratio of 0.21. The receivables turnover for the company is -304.03for trailing twelve months and the total asset turnover is 5.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.07.
Conclusion
In conclusion, Treasure Global Inc (TGL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
