MGO Global Inc (NASDAQ:MGOL) At $0.11: Does It Look Expensive?

In recent trading session, MGO Global Inc (NASDAQ:MGOL) saw 106.8 million shares changing hands at last check today with its beta currently measuring 7.26. Company’s recent per share price level of $0.11 trading at $0.01 or 12.05% at last check today assigns it a market valuation of $1.05M. That most recent trading price of MGOL’s stock is at a discount of -16536.36% from its 52-week high price of $18.30 and is indicating a premium of 9.09% from its 52-week low price of $0.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.69 million shares which gives us an average trading volume of 4.13 million if we extend that period to 3-months.

MGO Global Inc (NASDAQ:MGOL) trade information

Upright in the green today for gaining 12.05%, in the last five days MGOL remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $0.11 price level, adding 77.55% to its value on the day. MGO Global Inc’s shares saw a change of -79.80% in year-to-date performance and have moved -76.70% in past 5-day. MGO Global Inc (NASDAQ:MGOL) showed a performance of -74.81% in past 30-days. Number of shares sold short was 82194.0 shares which calculate 0.93 days to cover the short interests.

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

Insiders are in possession of 47.86% of company’s total shares while institution are holding 0.13 percent of that, with stock having share float percentage of 0.25%. Investors also watch the number of corporate investors in a company very closely, which is 0.13% institutions for MGO Global Inc that are currently holding shares of the company.

On the other hand, Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024, the former fund manager was holding 4.27 shares of worth $511.0 or 0.15% of the total outstanding shares. The later fund manager was in possession of 3.86 shares on Sep 30, 2024, making its stake of worth around $462.0 in the company or a holder of 0.13% of company’s stock.