Who is the Top Investor In Magic Empire Global Ltd (MEGL)?

Magic Empire Global Ltd (NASDAQ: MEGL) is -29.87% lower on its value in year-to-date trading and has touched a low of $0.72 and a high of $5.81 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MEGL stock was last observed hovering at around $0.81 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $0.83, the stock is -5.37% and -8.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 2.61% at the moment leaves the stock -35.87% off its SMA200. MEGL registered -64.48% loss for a year compared to 6-month loss of -37.90%. The firm has a 50-day simple moving average (SMA 50) of $0.54 and a 200-day simple moving average (SMA200) of -$0.73.

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The stock witnessed a -19.42% gain in the last 1 month and extending the period to 3 months gives it a -3.29%, and is 2.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.59% over the week and 7.28% over the month.

Magic Empire Global Ltd (MEGL) has around 9 employees, a market worth around $16.81M and $1.20M in sales. Profit margin for the company is -48.70%. Distance from 52-week low is 15.25% and -85.72% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.33%).

5 institutions hold shares in Magic Empire Global Ltd (MEGL), with institutional investors hold 0.11% of the company’s shares. The shares outstanding are 20.26M, and float is at 8.42M with Short Float at 0.70%. Institutions hold 0.05% of the Float.

The top institutional shareholder in the company is Millennium Management Llc with over 22255.0 shares valued at $38501.0. The investor’s holdings represent 0.11% of the MEGL Shares outstanding. As of Jun 29, 2023, the second largest holder is Bank of Montreal/Can/ with 10000.0 shares valued at $17300.0 to account for 0.05% of the shares outstanding. The other top investors are Morgan Stanley which holds 4708.0 shares representing 0.02% and valued at over $8144.0, while UBS Group AG holds 0.02% of the shares totaling 3483.0 with a market value of $6025.0.