A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -55.70% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -70.01%. Over the past 30 days, the price of MGAM has leaped by -34.56%. And in the last five days, it has surged by 12.12%.
Mobile Global Esports Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $0.99 on 08/01/23, while the lowest value for the same period was recorded at $0.12 on 04/08/24.
52-week price history of MGAM Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Mobile Global Esports Inc’s current trading price is -85.46% away from its 52-week high, while its distance from the 52-week low is 23.68%. The stock’s price range during this period has varied between$0.12 and $0.99. The Mobile Global Esports Inc’s shares, which operate in the Communication Services, saw a trading volume of around 1.33 million for the day, a figure considerably lower than their average daily volume of 2.67 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Mobile Global Esports Inc (MGAM) has experienced a quarterly decline of -51.85% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.05M.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2601, with a change in price of -0.2360. Similarly, Mobile Global Esports Inc recorded 1,970,799 in trading volume during the last 100 days, posting a change of -62.11%.
MGAM’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for MGAM stands at 0.04. Similarly, the long-term debt-to-equity ratio is also 0.01.
MGAM Stock Stochastic Average
Mobile Global Esports Inc’s raw stochastic average for the past 50 days is presently 11.10%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 11.10%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 17.34% and 22.07%, respectively.
