Magic Empire Global Ltd [MEGL] stock is trading at $1.95, up 65.25%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MEGL shares have gain 66.67% over the last week, with a monthly amount glided 53.54%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Magic Empire Global Ltd [MEGL] stock has fluctuated between $1.02 and $5.52 over the past year. Magic Empire Global Ltd [NASDAQ: MEGL] shares were valued at $1.95 at the most recent close of the market.
Analyzing the MEGL fundamentals
Magic Empire Global Ltd [NASDAQ:MEGL] reported sales of 1.64M for the trailing twelve months, which represents a drop of -34.05%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.21%, 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 0.03.
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 1.6467 points at the first support level, and at 1.3433 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.2167, and for the 2nd resistance point, it is at 2.4833.
Ratios To Look Out For
For context, Magic Empire Global Ltd’s Current Ratio is 36.89. Also, the Quick Ratio is 36.89, while the Cash Ratio stands at 36.0. Considering the valuation of this stock, the price to sales ratio is 9.59, the price to book ratio is 0.59.
Transactions by insiders
Recent insider trading involved Chen Sze Hon, Johnson, Chief Executive Officer, that happened on Jan 09 ’25 when 1.5 million shares were purchased.
