MicroAlgo Inc ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $156.00 on 12/07/23, while the lowest value for the same period was recorded at $0.19 on 09/23/24.
52-week price history of MLGO Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. MicroAlgo Inc’s current trading price is -99.76% away from its 52-week high, while its distance from the 52-week low is 95.90%. The stock’s price range during this period has spanned from $0.19 to $156.00. In the Technology sector, the MicroAlgo Inc’s shares surpassed a trading volume of approximately 58.75 million for the day, which was noticeably higher compared to the average daily volume of 9.29.83 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
MicroAlgo Inc (MLGO) has experienced a quarterly decline of -86.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 6.48M and boasts a workforce of 86 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 2.7825, with a change in price of -1.6670. Similarly, MicroAlgo Inc recorded 25,245,900 in trading volume during the last 100 days, posting a change of -81.72%.
Examining MLGO’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 MLGO stands at 0.30. Similarly, the long-term debt-to-equity ratio is also 0.00.
MLGO Stock Stochastic Average
Today’s raw stochastic average for MicroAlgo Inc over the last 50 days is 17.07%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 74.05%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 69.74% and 55.15%, respectively.
MLGO Stock Price Performance Analysis
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 index has shown a price loss of -95.91% this year. Over the last six months, there has been a stronger performance of -84.96%. The price of MLGO fallen by 61.12% during the last 30 days period. For the last 5-days stocks have improved 30.06%.
