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MGIH Stock: Exploring Millennium Group International Holdings Ltd’s Growth

52-week price history of MGIH Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Millennium Group International Holdings Ltd’s current trading price is 39.88% away from its 52-week high, while its distance from the 52-week low is 628.09%. The stock’s price range during this period has spanned from $0.89 to $4.63. In the Consumer Cyclical sector, the Millennium Group International Holdings Ltd’s shares surpassed a trading volume of approximately 58.93 million for the day, which was noticeably higher compared to the average daily volume of 9.790.4 over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Millennium Group International Holdings Ltd (MGIH) has experienced a quarterly rise of 568.11% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 72.90M.

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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 1.4133, with a change in price of +4.1300. Similarly, Millennium Group International Holdings Ltd recorded 637,466 in trading volume during the last 100 days, posting a change of +202.45%.

Examining MGIH’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 MGIH stands at 0.34. Similarly, the long-term debt-to-equity ratio is also 0.00.

MGIH Stock Stochastic Average

Today, Millennium Group International Holdings Ltd’s raw stochastic average for the past 50 days stands at 60.65%, indicating a rise from the raw stochastic average of the last 20 days, which was 60.44%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 37.39% and 28.55% respectively.

MGIH Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 422.58%. However, over the past six months, we’ve seen a weaker performance of 208.57%. The price of MGIH fallen by 449.15% over the last 30 days. And in the last five days, it has surged by 548.06%.

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