Treasure Global Inc (NASDAQ: TGL) has seen a rise in its stock price by 10.13 in relation to its previous close of 0.21. However, the company has experienced a 8.96% gain in its stock price over the last five trading sessions. 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.
Is It Worth Investing in Treasure Global Inc (NASDAQ: TGL) Right Now?
Company’s 36-month beta value is -0.66.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TGL is 6.98M, and currently, short sellers hold a 1.59% ratio of that floaft. The average trading volume of TGL on January 20, 2025 was 7.64M shares.
TGL’s Market Performance
TGL’s stock has seen a 8.96% increase for the week, with a 31.84% rise in the past month and a -72.56% fall in the past quarter. The volatility ratio for the week is 22.48%, and the volatility levels for the past 30 days are at 23.58% for Treasure Global Inc The simple moving average for the past 20 days is 7.93% for TGL’s stock, with a -87.31% simple moving average for the past 200 days.
TGL Trading at -11.72% 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 -98.13% of loss for the given period.
Volatility was left at 23.58%, however, over the last 30 days, the volatility rate increased by 22.48%, as shares surge +30.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.01% lower at present.
During the last 5 trading sessions, TGL rose by +8.96%, which changed the moving average for the period of 200-days by -95.50% in comparison to the 20-day moving average, which settled at $0.2187. In addition, Treasure Global Inc saw 33.03% 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 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -77.53. The debt to equity ratio resting at 0.01. 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 0.79. 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 a nutshell, Treasure Global Inc (TGL) has experienced a mixed performance in recent times. The stock has received mixed “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.
