MingZhu Logistics Holdings Limited (YGMZ) market price of $5.35 offers the impression of an exciting value play – Invest Chronicle

MingZhu Logistics Holdings Limited (YGMZ) market price of $5.35 offers the impression of an exciting value play

MingZhu Logistics Holdings Limited (YGMZ) is priced at $5.35 after the most recent trading session. At the very opening of the session, the stock price was $4.749 and reached a high price of $5.69, prior to closing the session it reached the value of $4.69. The stock touched a low price of $4.71.

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Recently in News on March 12, 2021, MingZhu Logistics Holdings Limited Announces Closing of $20 Million Registered Direct Offering. MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) (the “Company”), a China-based trucking services provider, today announced that it has closed a registered direct offering of an aggregate of 3,333,335 units of its securities (each, a “Unit”), with each Unit consisting of (i) one ordinary share of the Company, par value $0.001 per share, and (ii) one warrant to purchase 0.75 ordinary share (together, the “Warrants”), at a price of $6.00 per unit for aggregate gross proceeds of $20 million. After deducting the placement agent’s commission and other offering expenses payable by the Company, the net proceeds to the Company is approximately $18 million. The Company has approximately 15,687,375 ordinary shares outstanding after the offering. You can read further details here

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Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, MingZhu Logistics Holdings Limited shares are logging -90.78% during the 52-week period from high price, and 46.23% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.66 and $58.00.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2573607 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the MingZhu Logistics Holdings Limited (YGMZ) recorded performance in the market was -47.34%, having the revenues showcasing -76.94% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 66.61M, as it employees total of 210 workers.

MingZhu Logistics Holdings Limited (YGMZ) in the eye of market guru’s

During the last month, 0 analysts gave the MingZhu Logistics Holdings Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 9.21, with a change in the price was noted +1.35. In a similar fashion, MingZhu Logistics Holdings Limited posted a movement of +33.75% for the period of last 100 days, recording 1,202,349 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for YGMZ is recording 0.46 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.02.

MingZhu Logistics Holdings Limited (YGMZ): Stocks Technical analysis and Trends

Raw Stochastic average of MingZhu Logistics Holdings Limited in the period of last 50 days is set at 16.67%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 81.01%. In the last 20 days, the company’s Stochastic %K was 54.71% and its Stochastic %D was recorded 45.36%.

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If we look into the earlier routines of MingZhu Logistics Holdings Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -47.34%. The shares increased approximately by 21.04% in the 7-day charts and went up by -2.19% in the period of the last 30 days. Common stock shares were lifted by -76.94% during last recorded quarter.

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