Additionally, the 36-month beta value for MLGO is 2.60.
The public float for MLGO is 9.74M and currently, short sellers hold a 11.29% ratio of that float. The average trading volume of MLGO on February 20, 2025 was 4.01M shares.
MLGO) stock’s latest price update
MicroAlgo Inc (NASDAQ: MLGO)’s stock price has dropped by -6.69 in relation to previous closing price of 1.21. Nevertheless, the company has seen a loss of -7.46% in its stock price over the last five trading days. 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.
MLGO’s Market Performance
MicroAlgo Inc (MLGO) has experienced a -7.46% fall in stock performance for the past week, with a -28.54% drop in the past month, and a -70.34% drop in the past quarter. The volatility ratio for the week is 7.30%, and the volatility levels for the past 30 days are at 10.89% for MLGO. The simple moving average for the past 20 days is -22.11% for MLGO’s stock, with a -96.50% simple moving average for the past 200 days.
MLGO Trading at -44.35% 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 -99.78% of loss for the given period.
Volatility was left at 10.89%, however, over the last 30 days, the volatility rate increased by 7.30%, as shares sank -29.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -67.75% lower at present.
During the last 5 trading sessions, MLGO fell by -7.38%, which changed the moving average for the period of 200-days by -97.70% in comparison to the 20-day moving average, which settled at $1.4495. In addition, MicroAlgo Inc saw -69.97% 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 -0.31. 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
In conclusion, MicroAlgo Inc (MLGO) 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.
