Primega Group Holdings Ltd (NASDAQ: PGHL) has seen a rise in its stock price by 3.94 in relation to its previous close of 1.27. However, the company has experienced a 14.00% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-30 that HONG KONG, Nov. 30, 2024 (GLOBE NEWSWIRE) — On November 21, 2024, Primega Group Holdings Limited (Nasdaq: PGHL) (the “Company”), was notified by Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) that the Company has not paid a sum of certain fees as required under Nasdaq Listing Rule 5900 Series (“Delisting Notice”). Nasdaq Listing Rule 5250(f) states that “the Company is required to pay all applicable fees as described in the Rule 5900 Series.
Is It Worth Investing in Primega Group Holdings Ltd (NASDAQ: PGHL) Right Now?
Primega Group Holdings Ltd (NASDAQ: PGHL) has a higher price-to-earnings ratio of 26.52x compared to its average ratio.
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The public float for PGHL is 6.16M, and currently, short sellers hold a 17.83% ratio of that float. The average trading volume of PGHL on December 26, 2024 was 2.35M shares.
PGHL’s Market Performance
PGHL stock saw a decrease of 14.00% in the past week, with a monthly decline of -89.40% and a quarterly a decrease of -92.01%. The volatility ratio for the week is 17.37%, and the volatility levels for the last 30 days are 90.19% for Primega Group Holdings Ltd (PGHL). The simple moving average for the past 20 days is -80.52% for PGHL’s stock, with a -87.05% simple moving average for the past 200 days.
PGHL Trading at -87.92% from the 50-Day Moving Average
After a stumble in the market that brought PGHL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -98.77% of loss for the given period.
Volatility was left at 90.19%, however, over the last 30 days, the volatility rate increased by 17.37%, as shares sank -87.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -86.25% lower at present.
During the last 5 trading sessions, PGHL rose by +15.79%, in comparison to the 20-day moving average, which settled at $6.7783. In addition, Primega Group Holdings Ltd saw -69.20% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PGHL
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.21 for the gross margin
The net margin for Primega Group Holdings Ltd stands at 0.08. The total capital return value is set at 0.18. Equity return is now at value 29.10, with 8.70 for asset returns.
Based on Primega Group Holdings Ltd (PGHL), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 2.29. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 6.8.
Currently, EBITDA for the company is 3.01 million with net debt to EBITDA at 1.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.65. The receivables turnover for the company is 2.52for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.40.
Conclusion
To put it simply, Primega Group Holdings Ltd (PGHL) 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.
