MingZhu Logistics Holdings Limited (NASDAQ:YGMZ) finished Friday with a subtraction of -$0.1 to close at $0.84, a downside of -10.00 percent. An average of 2,503,560 shares of common stock have been traded in the last five days. There was a fall of -$2.7185 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,453,785 shares traded, while the 50-day average volume stands at 619,788.
YGMZ stock has decreased by -65.23% in the last month. The company shares reached their 1-month lowest point of $0.7800 on 12/27/22. With the stock rallying to its 52-week high on 12/22/22, shares of the company touched a low of $0.78 and a high of $6.50 in 52 weeks. It has reached a new high 22 times so far this year and lost -58.95% or -$1.2085 in price. In spite of this, the price is down -87.05% from the 52-week high.
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The quick ratio of MingZhu Logistics Holdings Limited for the recent quarter was 1.20, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.22 for the recent quarter. Its gross profit as reported stood at $1.93 million compared to revenue of $17.36 million.
For the recent quarter, MingZhu Logistics Holdings Limited had $0.18 million in total debt. The company posted a net income of -$0.94 million in the quarter, while revenues were grew 100.0%.
From a technical analysis perspective, let’s take a brief look at MingZhu Logistics Holdings Limited (YGMZ) price momentum. RSI 9-day as of the close on 30 December was 21.06%, suggesting the stock is oversold, with historical volatility in this time frame at 411.85%.
As of today, YGMZ’s price is $1.0813 -76.36% or -$2.7185 from its 5-day moving average. YGMZ is currently trading -67.00% lower than its 20-day SMA and -69.29% lower than its 100-day SMA. However, the stock’s current price level is -57.92% below the SMA50 and -55.24% below the SMA200.
The stochastic %K and %D were 2.02% and 2.77%, respectively, and the average true range (ATR) was 0.6059. With the 14-day stochastic at 1.08% and the average true range at 0.5243, the RSI (14) stands at 27.38%. The stock has reached -1.3419 on the 9-day MACD Oscillator while the 14-day reading was at -1.7645.