In the past week, TGL stock has gone up by 14.40%, with a monthly decline of -36.47% and a quarterly plunge of -82.03%. The volatility ratio for the week is 12.04%, and the volatility levels for the last 30 days are 18.22% for Treasure Global Inc. The simple moving average for the past 20 days is -0.91% for TGL’s stock, with a -89.61% simple moving average for the past 200 days.
Is It Worth Investing in Treasure Global Inc (NASDAQ: TGL) Right Now?
Moreover, the 36-month beta value for TGL is -0.75. Analysts have varying opinions on the stock, 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 TGL is 14.64M and currently, short sellers hold a 2.89% of that float. On December 26, 2024, TGL’s average trading volume was 953.50K shares.
TGL) stock’s latest price update
Treasure Global Inc (NASDAQ: TGL)’s stock price has soared by 11.49 in relation to previous closing price of 0.20. Nevertheless, the company has seen a gain of 14.40% 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 Trading at -45.48% 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 -98.21% of loss for the given period.
Volatility was left at 18.22%, however, over the last 30 days, the volatility rate increased by 12.04%, as shares sank -30.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -73.06% lower at present.
During the last 5 trading sessions, TGL rose by +24.64%, which changed the moving average for the period of 200-days by -94.86% in comparison to the 20-day moving average, which settled at $0.2281. In addition, Treasure Global Inc saw -96.69% 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:
- -0.56 for the present operating margin
- 0.09 for the gross margin
The net margin for Treasure Global Inc stands at -0.61. The total capital return value is set at -0.79. Equity return is now at value -202.39, with -85.47 for asset returns.
Based on Treasure Global Inc (TGL), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -131.53. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -33.49.
Currently, EBITDA for the company is -5.35 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 12.72for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.45.
Conclusion
To wrap up, the performance of Treasure Global Inc (TGL) has been bad in recent times. The stock has received a mixed of “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.
