Do You Like MGO Global Inc (NASDAQ:MGOL) At $0.55?

In last trading session, MGO Global Inc (NASDAQ:MGOL) saw 0.4 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.55 trading at $0.05 or 10.40% at ring of the bell on the day assigns it a market valuation of $7.83M. That closing price of MGOL’s stock is at a discount of -2920.0% from its 52-week high price of $16.61 and is indicating a premium of 29.09% from its 52-week low price of $0.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.63 million shares which gives us an average trading volume of 350.09K if we extend that period to 3-months.

MGO Global Inc (NASDAQ:MGOL) trade information

Upright in the green during last session for gaining 10.40%, in the last five days MGOL remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $0.55 price level, adding 24.84% to its value on the day. MGO Global Inc’s shares saw a change of -88.17% in year-to-date performance and have moved 9.69% in past 5-day. MGO Global Inc (NASDAQ:MGOL) showed a performance of -6.78% in past 30-days. Number of shares sold short was 26210.0 shares which calculate 0.28 days to cover the short interests.

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MGOL Dividends

MGO Global Inc is more likely to be releasing its next quarterly report in December and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

MGO Global Inc (NASDAQ:MGOL)’s Major holders

Insiders are in possession of 57.77% of company’s total shares while institution are holding 0.67 percent of that, with stock having share float percentage of 1.58%. Investors also watch the number of corporate investors in a company very closely, which is 0.67% institutions for MGO Global Inc that are currently holding shares of the company. Cowen and Company, LLC is the top institutional holder at MGOL for having 0.25 million shares of worth $0.56 million. And as of Jun 29, 2023, it was holding 1.76% of the company’s outstanding shares.

The second largest institutional holder is UBS Group AG, which was holding about 49602.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.35% of outstanding shares, having a total worth of $0.11 million.

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