The stock of Treasure Global Inc (TGL) has gone down by -26.35% for the week, with a -5.44% drop in the past month and a -76.02% drop in the past quarter. The volatility ratio for the week is 18.22%, and the volatility levels for the past 30 days are 21.44% for TGL. The simple moving average for the past 20 days is -8.79% for TGL’s stock, with a -89.88% simple moving average for the past 200 days.
Is It Worth Investing in Treasure Global Inc (NASDAQ: TGL) Right Now?
The 36-month beta value for TGL is at -0.73. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TGL is 14.69M, and currently, shorts hold a 0.76% of that float. The average trading volume for TGL on January 14, 2025 was 7.43M shares.
TGL) stock’s latest price update
Treasure Global Inc (NASDAQ: TGL)’s stock price has gone decline by -2.26 in comparison to its previous close of 0.20, however, the company has experienced a -26.35% decrease 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 -32.19% 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 -98.45% of loss for the given period.
Volatility was left at 21.44%, however, over the last 30 days, the volatility rate increased by 18.22%, as shares surge +4.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -67.89% lower at present.
During the last 5 trading sessions, TGL fell by -26.43%, which changed the moving average for the period of 200-days by -95.22% in comparison to the 20-day moving average, which settled at $0.2136. In addition, Treasure Global Inc saw 9.81% in overturn over a single year, with a tendency to cut further gains.
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 0.66. 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
In conclusion, Treasure Global Inc (TGL) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
