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Here is what you need to look for: Magic Empire Global Limited (MEGL)

For the readers interested in the stock health of Magic Empire Global Limited (MEGL). It is currently valued at $5.25. When the transactions were called off in the previous session, Stock hit the highs of $5.78, after setting-off with the price of $5.76. Company’s stock value dipped to $5.25 during the trading on the day. When the trading was stopped its value was $5.80.Recently in News on August 10, 2022, Magic Empire Global Limited Announced Closing of Initial Public Offering. Magic Empire Global Limited (Nasdaq: MEGL) (the “Company” or “Magic Empire”), a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services, today announced the closing of its initial public offering (the “Offering”) of 5,000,000 ordinary shares at a price of $4.00 per share. You can read further details here

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, Magic Empire Global Limited shares are logging -97.90% during the 52-week period from high price, and 8.70% 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 $4.83 and $249.94.

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The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 914375 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Magic Empire Global Limited (MEGL) recorded performance in the market was -94.59%. At the time of this writing, the total market value of the company is set at 112.30M, as it employees total of 9 workers.

Market experts do have their say about Magic Empire Global Limited (MEGL)

During the last month, 0 analysts gave the Magic Empire Global 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.

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 MEGL is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.00.

Technical breakdown of Magic Empire Global Limited (MEGL)

In the last 20 days, the company’s Stochastic %K was 9.81% and its Stochastic %D was recorded 11.68%.

Bearing in mind the latest performance of Magic Empire Global Limited, several 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 -94.59%. The shares increased approximately by 1.74% in the 7-day charts and went up by -59.62% in the period of the last 30 days.

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