Buy, Sell Or Hold VCI Global Ltd (NASDAQ:VCIG) At $1.09?

In last trading session, VCI Global Ltd (NASDAQ:VCIG) saw 0.73 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.09 trading at $0.15 or 16.58% at ring of the bell on the day assigns it a market valuation of $40.12M. That closing price of VCIG’s stock is at a discount of -2120.18% from its 52-week high price of $24.20 and is indicating a premium of 25.69% from its 52-week low price of $0.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.13 million shares which gives us an average trading volume of 194.25K if we extend that period to 3-months.

VCI Global Ltd (NASDAQ:VCIG) trade information

Upright in the green during last session for gaining 16.58%, in the last five days VCIG remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $1.09 price level, adding 13.49% to its value on the day. VCI Global Ltd’s shares saw a change of -51.77% in year-to-date performance and have moved 19.78% in past 5-day. VCI Global Ltd (NASDAQ:VCIG) showed a performance of -41.71% in past 30-days. Number of shares sold short was 0.4 million shares which calculate 1.38 days to cover the short interests.

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VCIG Dividends

VCI 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.

VCI Global Ltd (NASDAQ:VCIG)’s Major holders

Insiders are in possession of 71.20% of company’s total shares while institution are holding 0.21 percent of that, with stock having share float percentage of 0.72%. Investors also watch the number of corporate investors in a company very closely, which is 0.21% institutions for VCI Global Ltd that are currently holding shares of the company. Bank of America Corporation is the top institutional holder at VCIG for having 23006.0 shares of worth $0.12 million. And as of Jun 29, 2023, it was holding 0.06% of the company’s outstanding shares.

The second largest institutional holder is Geode Capital Management, LLC, which was holding about 19183.0 shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.05% of outstanding shares, having a total worth of $0.1 million.

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