The stock of Galaxy Payroll Group Ltd (GLXG) has gone down by -2.70% for the week, with a 40.26% rise in the past month and a -89.43% drop in the past quarter. The volatility ratio for the week is 28.39%, and the volatility levels for the past 30 days are 21.64% for GLXG. The simple moving average for the last 20 days is 8.41% for GLXG stock, with a simple moving average of -80.16% for the last 200 days.
Is It Worth Investing in Galaxy Payroll Group Ltd (NASDAQ: GLXG) Right Now?
The price-to-earnings ratio for Galaxy Payroll Group Ltd (NASDAQ: GLXG) is above average at 200.00x.
The average trading volume of GLXG on January 22, 2025 was 1.51M shares.
GLXG) stock’s latest price update
Galaxy Payroll Group Ltd (NASDAQ: GLXG)’s stock price has decreased by -11.48 compared to its previous closing price of 1.22. However, the company has seen a -2.70% decrease in its stock price over the last five trading sessions. 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 -61.76% 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 -93.62% of loss for the given period.
Volatility was left at 21.64%, however, over the last 30 days, the volatility rate increased by 28.39%, as shares surge +44.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -92.78% lower at present.
During the last 5 trading sessions, GLXG fell by -2.70%, in comparison to the 20-day moving average, which settled at $0.9962. In addition, Galaxy Payroll Group Ltd saw 9.09% in overturn over a single year, with a tendency to cut further gains.
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 summary, Galaxy Payroll Group Ltd (GLXG) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
