Are Global Engine Group Holding Ltd (GLE) stocks a prudent buy?

Kevin Freeman

At the time of writing, Global Engine Group Holding Ltd [GLE] stock is trading at $0.68, up 0.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The GLE shares have gain 1.99% over the last week, with a monthly amount drifted -9.58%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

For the past year, the stock price of Global Engine Group Holding Ltd fluctuated between $0.58 and $5.44. Global Engine Group Holding Ltd [NASDAQ: GLE] shares were valued at $0.68 at the most recent close of the market.

Analyzing the GLE fundamentals

According to Global Engine Group Holding Ltd [NASDAQ:GLE], the company’s sales were 2.96M for trailing twelve months, which represents an -85.25% plunge. Gross Profit Margin for this corporation currently stands at 0.13% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.01 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.

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 0.6545 points at the first support level, and at 0.6283 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7084, and for the 2nd resistance point, it is at 0.7361.

Ratios To Look Out For

It is important to note that Global Engine Group Holding Ltd [NASDAQ:GLE] has a current ratio of 3.44. Also, the Quick Ratio is 3.44, while the Cash Ratio stands at 6.02. Considering the valuation of this stock, the price to sales ratio is 4.21, the price to book ratio is 1.54.

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