Technicals Say MingZhu Logistics Holdings Limited (YGMZ) Is Worth Holding

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At the last check on Friday, MingZhu Logistics Holdings Limited’s (NASDAQ:YGMZ) stock was up $0.03, moving up 1.24 percent to $2.44. The average number of shares traded per day over the past five days has been 256,439 shares. 5 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 88,070, while in the previous 50 days, it was 47,112.

Since last month, YGMZ stock rose 22.34%. Shares of the company fell to $1.57 on 11/07/22, the lowest level in the past month. A 52-week high of $3.38 was reached on 08/11/22 after having rallying from a 52-week low of $1.24. Since the beginning of this year, YGMZ’s stock price has risen by 17.56% or $0.36, and marked a new high 14 times. However, the stock has declined by -27.81% since its 52-week high.


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Financial Health

In the recent quarter, MingZhu Logistics Holdings Limited’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.01, and the total debt-to-equity ratio was 0.22. On the profitability front, the trailing twelve-month gross margin is 11.10% percent. In the recent year, operating margins totaled -2.60%. Based on annual data, YGMZ earned $1.93 million in gross profit and brought in $17.36 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.10%. Return on equity (ROE) for the past 12 months was -3.30%.

YGMZ’s revenue rose 100.0% during the quarter, while net income inched up to $17.36 million. The liabilities of MingZhu Logistics Holdings Limited were 34.68 million at the end of its most recent quarter, and its total debt was $10.64 million.

Technical Picture

This quick technical analysis looks at MingZhu Logistics Holdings Limited’s (YGMZ) price momentum. With a historical volatility rate of 72.94%, the RSI 9-day stood at 80.02% on 23 November.

With respect to its five-day moving average, the current MingZhu Logistics Holdings Limited price is up by +19.31% percent or $0.39. At present, YGMZ shares trade +23.59% above its 20-day simple moving average and +27.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately -12.36% below its SMA50 and +50.63% above its SMA200.

Stochastic coefficient K was 91.09% and Stochastic coefficient D was 94.45%, while ATR was 0.18. Given the Stochastic reading of 82.35% for the 14-day period, the RSI (14) reading has been calculated as 71.36%. As of today, the MACD Oscillator reading stands at 0.25, while the 14-day reading stands at 0.40.

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