The stock of VCI Global Limited (NASDAQ:VCIG) increased by $0.53 on Friday to finish at $3.85, up 15.96 percent. The last five days have seen an average of 646,943 shares of common stock traded. The average number of shares traded over the last 20 days was 247,551, while the average volume over the last 50 days totaled 3,543,468.
VCIG stock appreciated 18.83% since last month. On 08/10/23, the company’s shares reached a one-month low of $2.66. The stock touched a high of $24.20, after rallying from a low of $1.53 in 52 weeks. The price of VCIG stock has declined by -9.41%. Still, the stock price is down -84.09% from the 52-week high.
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Financial Health
For the recent quarter, VCI Global Limited’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.02, and the total debt to equity ratio is 0.05. As far as profitability goes, gross margin for the trailing twelve months is 49.30% percent. VCI Global Limited’s EBITDA margin for the recent year was 57.45%, whereas its operating margin stood at 34.00% for the same period. Based on annual data, it had gross profit of $6.34 million and revenue of $8.08 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 68.00% return on investment (ROI) in the past year.
Earnings Surprise
Net income for the quarter came in at $8.08 million, while revenues rose by 100.0% to $0.0. At the end of VCI Global Limited’s most recent quarter, its total debt was $1.84 million.
Technical Picture
Here’s a quick look at VCI Global Limited’s (VCIG) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 62.34%, suggesting the stock is Neutral, with a 156.54% historical volatility rate.
The stochastic %K and %D were 42.99% and 26.11% respectively, while the average true range (ATR) was 0.51. Based on the 14-day stochastic reading of 57.36%, the RSI (14) reading is 55.17%. On the 9-day MACD Oscillator, the stock is at 0.20, and the 14-day reading is at 0.10.
Analyst Ratings
Analysts have assigned VCI Global Limited (VCIG) an – rating. VCIG is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
