Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Magic Empire Global Ltd’s current trading price is -37.41% away from its 52-week high, while its distance from the 52-week low is 126.32%. The stock’s price range during this period has varied between $0.41 and $1.47. The company, active in the Financial sector, saw a trading volume of around 74.49 million for the day, considerably higher average daily volume of 0.32 million observed over the last three months.
Magic Empire Global Ltd had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $1.47 on 01/06/25, while the lowest price during the same period was $0.41 on 09/04/24.
How Financial Performance Impacts Market Capitalization
Magic Empire Global Ltd (MEGL) has experienced a quarterly rise of 39.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 20.22M and boasts a workforce of 8 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.5026, with a change in price of +0.3916. Similarly, Magic Empire Global Ltd recorded 1,020,319 in trading volume during the last 100 days, posting a change of +84.65%.
How MEGL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for MEGL stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.00.
MEGL Stock Stochastic Average
As of today, the raw stochastic average of Magic Empire Global Ltd over the last 50 days is at 43.40%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 43.16%. Further, the company’s Stochastic %K and %D values for the last 20 days were 49.06% and 49.48%, respectively.
MEGL Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 70.40%. However, over the past six months, we’ve seen a weaker performance of 73.55%. The price of MEGL fallen by 87.83% over the last 30 days. And in the last five days, it has surged by 67.49%.
