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Recent Change of -12.47% in the MGO Global Inc. (MGOL) market price might lead to pleasant surprises

MGO Global Inc. (MGOL) is priced at $3.44 after the most recent trading session. At the very opening of the session, the stock price was $3.55 and reached a high price of $3.802, prior to closing the session it reached the value of $3.93. The stock touched a low price of $3.40.Recently in News on January 18, 2023, MGO Global Announces Closing of $8.625 Million Initial Public Offering. MGO Global Inc., operator of The Messi Store (“MGO Global” or the “Company”), today announced the closing of its initial public offering (the “Offering”) of 1,725,000 shares of common stock, including the full exercise by the underwriters of their overallotment option to purchase 225,000 shares, at a price to the public of $5.00 per share. The aggregate gross proceeds of the Offering, including the overallotment, were $8,625,000, prior to deducting underwriting discounts, commissions and Offering expenses. 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, MGO Global Inc. shares are logging -79.29% during the 52-week period from high price, and 3.93% 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 $3.31 and $16.61.

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The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 1325520 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 MGO Global Inc. (MGOL) recorded performance in the market was -26.02%. At the time of this writing, the total market value of the company is set at 45.89M, as it employees total of 4 workers.

Analysts verdict on MGO Global Inc. (MGOL)

MGO Global Inc. (MGOL): Technical Analysis

Let’s take a glance in the erstwhile performances of MGO Global Inc., 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 -26.02%.

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