Magic Empire Global Ltd (NASDAQ: MEGL) Stock: Does It Mean Opportunity?

In today’s recent session, 0.59 million shares of the Magic Empire Global Ltd (NASDAQ:MEGL) have been traded, and its beta is 2.89. Most recently the company’s share price was $0.55, and it changed around -$0.11 or -16.33% from the last close, which brings the market valuation of the company to $11.19M. MEGL at last check was trading at a discount to its 52-week high of $1.47, offering almost -167.27% off that amount. The share price’s 52-week low was $0.41, which indicates that the recent value has risen by an impressive 25.45% since then. We note from Magic Empire Global Ltd’s average daily trading volume that its 10-day average is 0.66 million shares, with the 3-month average coming to 187.92K.

Magic Empire Global Ltd (NASDAQ:MEGL) trade information

Instantly MEGL has been showing red trend so far today with a performance of -16.33% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.8100 on recent trading dayincreased the stock’s daily price by 32.1%. The company’s shares are currently down -53.34% year-to-date, but still down -10.94% over the last five days. On the other hand, Magic Empire Global Ltd (NASDAQ:MEGL) is 28.42% up in the 30-day period. We can see from the shorts that 3845.0 shares have been sold at a short interest cover period of 0.06 day(s).

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MEGL Dividends

Magic Empire Global Ltd’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 0.00 percent and its annual dividend per share was 0.00. It is important to note, however, that the 0.00% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.