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Magic Empire Global Ltd: A Year of Highs, Lows, and Market Resilience

Magic Empire Global Ltd saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $5.81 on 04/28/23, while the lowest price for the same duration was marked at $0.72 on 10/31/23.

52-week price history of MEGL Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Magic Empire Global Ltd’s current trading price is -87.01% away from its 52-week high, while its distance from the 52-week low is 4.85%. The stock’s price range during this period has spanned from $0.72 to $5.81. In the Financial sector, the Magic Empire Global Ltd’s shares surpassed a trading volume of approximately 4.15 million for the day, which was noticeably higher compared to the average daily volume of 9.0.33 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

Magic Empire Global Ltd (MEGL) has experienced a quarterly decline of -7.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.30M and boasts a workforce of 9 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.9485, with a change in price of -0.3898. Similarly, Magic Empire Global Ltd recorded 275,195 in trading volume during the last 100 days, posting a change of -31.44%.

Examining MEGL’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for MEGL stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.

MEGL Stock Stochastic Average

Today’s raw stochastic average for Magic Empire Global Ltd over the last 50 days is 15.10%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 31.25%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 25.14% and 19.33%, respectively.

MEGL Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price decrease of -36.21%. However, over the past six months, we’ve seen a stronger performance of -41.78%. The price of MEGL leaped by -26.70% over the last 30 days. And in the last five days, it has fallen by -5.62%.

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