The stock of Galaxy Payroll Group Ltd (GLXG) has seen a 17.36% increase in the past week, with a -31.33% drop in the past month, and a -85.25% decrease in the past quarter. The volatility ratio for the week is 12.74%, and the volatility levels for the past 30 days are at 17.61% for GLXG. The simple moving average for the past 20 days is -7.94% for GLXG’s stock, with a -86.12% simple moving average for the past 200 days.
Is It Worth Investing in Galaxy Payroll Group Ltd (NASDAQ: GLXG) Right Now?
Galaxy Payroll Group Ltd (NASDAQ: GLXG) has a price-to-earnings ratio of 162.78x that is above its average ratio.
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The average trading volume of GLXG on December 27, 2024 was 602.94K shares.
GLXG) stock’s latest price update
Galaxy Payroll Group Ltd (NASDAQ: GLXG) has experienced a rise in its stock price by 21.53 compared to its previous closing price of 0.72. However, the company has seen a gain of 17.36% in its stock price over the last five trading days. globenewswire.com reported 2024-10-15 that Hong Kong, Oct. 15, 2024 (GLOBE NEWSWIRE) — Galaxy Payroll Group Limited (the “Company” or “GLXG”), a reputable payroll outsourcing service, employment service and consultancy and market research service provider based in Hong Kong, today announced that it closed the sales of an additional 262,500 ordinary shares of the Company, representing full exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $4 per share, less underwriting discounts. As a result, the Company has raised gross proceeds of $1,050,000 in addition to the previously announced IPO gross proceeds of $7,000,000, before deducting underwriting discounts and offering expenses.
GLXG Trading at -85.60% from the 50-Day Moving Average
After a stumble in the market that brought GLXG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -94.81% of loss for the given period.
Volatility was left at 17.61%, however, over the last 30 days, the volatility rate increased by 12.74%, as shares sank -24.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -90.97% lower at present.
During the last 5 trading sessions, GLXG rose by +17.20%, in comparison to the 20-day moving average, which settled at $0.9549. In addition, Galaxy Payroll Group Ltd saw -80.25% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GLXG
Equity return is now at value 65.07, with 19.36 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In conclusion, Galaxy Payroll Group Ltd (GLXG) 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.
