The stock price of MicroAlgo Inc (NASDAQ: MLGO) has plunged by -0.82 when compared to previous closing price of 1.83, but the company has seen a -27.69% decline in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-02 that SHENZHEN, China, Jan. 2, 2025 /PRNewswire/ — MicroAlgo Inc. (the “Company” or “MicroAlgo”) (NASDAQ: MLGO), today announced the development of an innovative hybrid algorithm that combines the advantages of classical and quantum computing to optimize Multi-Query Optimization (MQO) problems. Quantum computing is a technology that uses the principles of quantum mechanics to process information.
Is It Worth Investing in MicroAlgo Inc (NASDAQ: MLGO) Right Now?
MLGO has 36-month beta value of 2.85.
The public float for MLGO is 9.74M, and currently, short sellers hold a 12.40% ratio of that float. The average trading volume of MLGO on January 15, 2025 was 2.31M shares.
MLGO’s Market Performance
MLGO’s stock has seen a -27.69% decrease for the week, with a -29.65% drop in the past month and a -75.67% fall in the past quarter. The volatility ratio for the week is 16.04%, and the volatility levels for the past 30 days are at 29.23% for MicroAlgo Inc The simple moving average for the last 20 days is -25.13% for MLGO stock, with a simple moving average of -95.34% for the last 200 days.
MLGO Trading at -42.76% from the 50-Day Moving Average
After a stumble in the market that brought MLGO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.64% of loss for the given period.
Volatility was left at 29.23%, however, over the last 30 days, the volatility rate increased by 16.04%, as shares sank -20.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.85% lower at present.
During the last 5 trading sessions, MLGO fell by -25.90%, which changed the moving average for the period of 200-days by -97.57% in comparison to the 20-day moving average, which settled at $2.4265. In addition, MicroAlgo Inc saw -51.73% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for MLGO
Current profitability levels for the company are sitting at:
- -0.27 for the present operating margin
- 0.3 for the gross margin
The net margin for MicroAlgo Inc stands at -0.36. The total capital return value is set at -0.3.
Based on MicroAlgo Inc (MLGO), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03.
Currently, EBITDA for the company is -36.78 million with net debt to EBITDA at 2.46. When we switch over and look at the enterprise to sales, we see a ratio of -0.22. The receivables turnover for the company is 28.31for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.55.
Conclusion
To put it simply, MicroAlgo Inc (MLGO) 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.
