Buy, Sell Or Hold Magic Empire Global Ltd (NASDAQ:MEGL) At $0.83?

In last trading session, Magic Empire Global Ltd (NASDAQ:MEGL) saw 1.1 million shares changing hands with its beta currently measuring 3.48. Company’s recent per share price level of $0.83 trading at $0.02 or 2.61% at ring of the bell on the day assigns it a market valuation of $16.81M. That closing price of MEGL’s stock is at a discount of -600.0% from its 52-week high price of $5.81 and is indicating a premium of 13.25% from its 52-week low price of $0.72. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.32 million shares which gives us an average trading volume of 309.61K if we extend that period to 3-months.

Magic Empire Global Ltd (NASDAQ:MEGL) trade information

Upright in the green during last session for gaining 2.61%, in the last five days MEGL remained trading in the green while hitting it’s week-highest on Monday, 02/05/24 when the stock touched $0.83 price level, adding 5.68% to its value on the day. Magic Empire Global Ltd’s shares saw a change of -29.87% in year-to-date performance and have moved 2.21% in past 5-day. Magic Empire Global Ltd (NASDAQ:MEGL) showed a performance of -19.42% in past 30-days. Number of shares sold short was 58660.0 shares which calculate 0.1 days to cover the short interests.

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MEGL Dividends

Magic Empire Global Ltd is more likely to be releasing its next quarterly report in March 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.

Magic Empire Global Ltd (NASDAQ:MEGL)’s Major holders

Insiders are in possession of 58.44% of company’s total shares while institution are holding 0.05 percent of that, with stock having share float percentage of 0.11%. Investors also watch the number of corporate investors in a company very closely, which is 0.05% institutions for Magic Empire Global Ltd that are currently holding shares of the company. Millennium Management Llc is the top institutional holder at MEGL for having 22255.0 shares of worth $38501.0. And as of Jun 29, 2023, it was holding 0.11% of the company’s outstanding shares.

The second largest institutional holder is Bank of Montreal/Can/, which was holding about 10000.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.05% of outstanding shares, having a total worth of $17300.0.

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