Magic Empire Global Ltd (MEGL): The stock short term indicators are indicating Buy today

Magic Empire Global Ltd (MEGL) saw an uptrend of 18.98% in the recent trading with $1.86 being its most recent. The current price level -66.27% lower than the highest price of $5.52 marked by the stock while trading over the past 52-weeks, whereas it is 82.55% higher than the lowest price of $1.02 the company dropped to over past 52-weeks. The latest news story on MEGL appeared in (TipRanks) under the title “Magic Empire Global says bid price deficiency concern successfully resolved” on Mar-05-25.

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of N/A for the stock.

Magic Empire Global Ltd Earnings – What Happened With MEGL

Coming around sales and income figures on MEGL Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

Magic Empire Global Ltd – Insider Activity and Holdings

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 4.06 million. MEGL does have institutional investors; and they hold 0.48% of the stock.

As on 2024-06-30, CITADEL ADVISORS LLC was the top most holder in Magic Empire Global Ltd (NASDAQ:MEGL) with an ownership of 36659.0 shares of the company or 0.181 of the stake worth $20111.0. The filing also reveals UBS GROUP AG as the second largest holder in the company with a control over 0.1118 of the outstanding shares. Its stake is worth $12226.0 for having 22641.0 shares in hand.

HRT FINANCIAL LP also came holding a key position in the company during the recent quarter and it now holds 0.0776 of the outstanding shares. With this there are now 4.0 institutions which have possession in MEGL’s shares.

Key Metrics forMEGL

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Magic Empire Global Ltd has a debt to equity ratio of 0.03.

Technical Analysis of Magic Empire Global Ltd (NASDAQ:MEGL) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Magic Empire Global Ltd (MEGL), we notice that the stock’s 20-day average volume is at 134,290 shares and 50% of short term indicators are suggesting the stock as Buy. And to end, MEGL’s 100-day average volume is 1,224,108 shares with 50% of the long-term indicators pointing towards Buy for the stock.

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