Treasure Global Inc (NASDAQ: TGL) is 119.84% higher on its value in year-to-date trading and has touched a low of $0.15 and a high of $12.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TGL stock was last observed hovering at around $0.19 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $0.39, the stock is 84.05% and 14.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 335.23 million and changing 105.80% at the moment leaves the stock -81.01% off its SMA200. TGL registered -94.17% loss for a year compared to 6-month loss of -86.07%. The firm has a 50-day simple moving average (SMA 50) of $0.34012 and a 200-day simple moving average (SMA200) of $2.05394.
The stock witnessed a 72.49% gain in the last 1 month and extending the period to 3 months gives it a -68.55%, and is 74.11% 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 42.10% over the week and 20.83% over the month.
Treasure Global Inc (TGL) has around 28 employees, a market worth around $23.77M and $8.81M in sales. Profit margin for the company is -61.36%. Distance from 52-week low is 160.00% and -96.90% from its 52-week high. The company has generated returns on investments over the last 12 months (-86.08%).
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Treasure Global Inc (TGL) Top Institutional Holders
4.0 institutions hold shares in Treasure Global Inc (TGL), with institutional investors hold 1.25% of the company’s shares. The shares outstanding are 14.69M, and float is at 14.64M with Short Float at 2.89%. Institutions hold 1.16% of the Float.
Treasure Global Inc (TGL) Insider Activity
The most recent transaction is an insider purchase by TEO CHONG CHAN, the company’s Chief Executive Officer. SEC filings show that TEO CHONG CHAN bought 1,170,000 shares of the company’s common stock on Feb 02 ’24 at a price of $0.08 per share for a total of $98397.0. Following the purchase, the insider now owns 3.95 million shares.
