Treasure Global Inc [TGL] stock prices are down -21.63% to $3.95 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TGL shares have gain 15.50% over the last week, with a monthly amount drifted -35.44%, and not seem to be holding up well over a long-time horizon.
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On 8, March 2024, Treasure Global’s AI-Powered ZCITY Premium Store Surpasses Expectations, Selling over 6,000 Bill Saver Bonanza Packs Within Four Months of Launch. In a post published today on Yahoo Finance, Treasure Global Inc (NASDAQ: TGL) (“TGL,” “Treasure Global” or the “Company”), an innovative technology solutions provider leveraging artificial intelligence (“AI”) advancements, today announced the success of ZCITY’s Premium Store, achieving significant milestones in the first four months following its launch. The Premium Store has not only surpassed sales expectations but has also significantly enhanced user engagement. The Company believes that the success of its ZCITY Premium Store may contribute to increased revenue growth for the Company.
From an analyst’s perspective:
The stock price of Treasure Global Inc [TGL] has been fluctuating between $3.11 and $168.00 over the past year. Treasure Global Inc [NASDAQ: TGL] shares were valued at $3.95 at the most recent close of the market.
Analyzing the TGL fundamentals
The Treasure Global Inc [NASDAQ:TGL] reported sales of 53.59M for trailing twelve months, representing a drop of -67.16%. Gross Profit Margin for this corporation currently stands at 0.01% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -1.9, Equity is -7.24 and Total Capital is -2.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.71 points at the first support level, and at 3.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.38, and for the 2nd resistance point, it is at 4.82.
Treasure Global Inc [TGL] reported earnings per share of -$2.8 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$5.6/share, meaning a difference of $2.8 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$7.7 per share as compared to estimates of -$9.1 per share, a difference of $1.4 representing a surprise of 15.40%.
Ratios To Look Out For
It’s worth pointing out that Treasure Global Inc [NASDAQ:TGL]’s Current Ratio is 1.94. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 5.10, the price to book ratio is 74.18.
Transactions by insiders
Recent insider trading involved TEO CHONG CHAN, Chief Executive Officer, that happened on Feb 02 ’24 when 1.17 million shares were purchased. Chief Executive Officer, TEO CHONG CHAN completed a deal on Oct 30 ’23 to buy 1.06 million shares. Meanwhile, Chief Executive Officer TEO CHONG CHAN bought 0.12 million shares on Jul 27 ’23.
