At the last check on Thursday, Treasure Global Inc.’s (NASDAQ:TGL) stock was down -$0.02, moving down -5.40 percent to $0.37. The average number of shares traded per day over the past five days has been 359,903 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0930 fall in that time frame. In the last twenty days, the average volume was 217,541, while in the previous 50 days, it was 167,086.
Since last month, TGL stock retreated -44.11%. Shares of the company fell to $0.3500 on 08/31/23, the lowest level in the past month. A 52-week high of $3.67 was reached on 01/10/23 after having rallying from a 52-week low of $0.38. Since the beginning of this year, TGL’s stock price has dropped by -78.36% or -$1.3500, and marked a new high 2 times. However, the stock has declined by -89.92% since its 52-week high.
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Sponsored
TGL stock investors should be aware that Treasure Global Inc. (TGL) stock had its last reported insider trading activity 35 days ago on Jul 27. TEO CHONG CHAN, the Chief Executive Officer of the company, purchased of 121,802 shares for $0.83 on Jul 27. It resulted in a $101,096 investment by the insider. HOO VOON HIM sold 1,702,899 shares at an average price of $0.61 on Jan 03. The insider now owns 0 shares following the transaction.
Valuation Metrics
The stock’s beta is 1.63. Besides these, the trailing price-to-sales (P/S) ratio of 0.09, the price-to-book (PB) ratio of 2.47.
The latest dividend of $0.10 per share was paid out, which is 185.71% more than last year’s $0.0350.
Financial Health
In the recent quarter, Treasure Global Inc.’s quick ratio stood at 1.60, while its current ratio was 1.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 1.00% percent. In the recent year, EBITDA margin amounted to -12.70%, whereas operating margins totaled -14.30%. Based on annual data, TGL earned $0.48 million in gross profit and brought in $79.67 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TGL’s revenue rose 100.0% to $20.44 million during the quarter, while net income inched up to $18.15 million. During the quarter, the company generated -$2.83 million in EBITDA. The liabilities of Treasure Global Inc. were 3.13 million at the end of its most recent quarter, and its total debt was $2.51 million. The value of shareholders’ equity is $17.57 million.
Technical Picture
This quick technical analysis looks at Treasure Global Inc.’s (TGL) price momentum. With a historical volatility rate of 68.72%, the RSI 9-day stood at 16.45% on 30 August.
With respect to its five-day moving average, the current Treasure Global Inc. price is down by -20.53% percent or -$0.0930. At present, TGL shares trade -42.95% below its 20-day simple moving average and -78.57% percent below its 100-day simple moving average. However, the stock is currently trading approximately -71.20% below its SMA50 and -81.44% below its SMA200.
Stochastic coefficient K was 6.28% and Stochastic coefficient D was 7.46%, while ATR was 0.0790. Given the Stochastic reading of 3.57% for the 14-day period, the RSI (14) reading has been calculated as 20.45%. As of today, the MACD Oscillator reading stands at -0.0428, while the 14-day reading stands at -0.0525.
Analyst Ratings
Treasure Global Inc. (TGL) has been rated – by analysts. According to 0 brokerage firms, TGL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Treasure Global Inc. stock as buy, with 0 recommending it as overweight.
