The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price decrease of -9.71%. However, over the past six months, we’ve seen a weaker performance of 1.14%. The price of MEGL fallen by 15.38% over the last 30 days. And in the last five days, it has surged by 43.01%.
Magic Empire Global Ltd saw a rather unpredictable run in, in terms of market performance.
52-week price history of MEGL Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Magic Empire Global Ltd’s current trading price is -64.67% away from its 52-week high, while its distance from the 52-week low is 91.18%. The stock’s price range during this period has varied between$1.02 and $5.52. The Magic Empire Global Ltd’s shares, which operate in the Financial, saw a trading volume of around 52.2 million for the day, a figure considerably higher than their average daily volume of 0.9 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Magic Empire Global Ltd (MEGL) has experienced a quarterly rise of 40.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.72M and boasts a workforce of 8 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
MEGL’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 MEGL stands at 0.03. Similarly, the long-term debt-to-equity ratio is also 0.02.
