Magic Empire Global Ltd [MEGL] stock prices are up 17.42% to $0.61 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MEGL shares have gain 12.03% over the last week, with a monthly amount glided 6.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
The stock price of Magic Empire Global Ltd [MEGL] has been fluctuating between $0.51 and $1.74 over the past year. Magic Empire Global Ltd [NASDAQ: MEGL] shares were valued at $0.61 at the most recent close of the market.
Analyzing the MEGL fundamentals
The Magic Empire Global Ltd [NASDAQ:MEGL] reported sales of 1.76M for trailing twelve months, representing a surge of 130.70%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is -0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 0.5391 points at the first support level, and at 0.4635 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6702, and for the 2nd resistance point, it is at 0.7257.
Ratios To Look Out For
It’s worth pointing out that Magic Empire Global Ltd [NASDAQ:MEGL]’s Current Ratio is 24.13. In addition, the Quick Ratio stands at 24.13 and the Cash Ratio stands at 23.16. Considering the valuation of this stock, the price to sales ratio is 7.08, the price to book ratio is 0.72.
