MicroAlgo Inc (NASDAQ: MLGO) Stock Jumped 135.84% Over A Month – Are There Any Chances Of Growth?

During the recent session, MicroAlgo Inc (NASDAQ:MLGO)’s traded shares were 1.02 million, with the beta value of the company hitting -0.25. At the last check today, the stock’s price was $8.42, reflecting an intraday gain of 0.95% or $0.08. The 52-week high for the MLGO share is $509.60, that puts it down -5952.26 from that peak though still a striking 86.82% gain since the share price plummeted to a 52-week low of $1.11. The company’s market capitalization is $83.96M, and the average intraday trading volume over the past 10 days was 4.68 million shares, and the average trade volume was 24.37 million shares over the past three months.

MicroAlgo Inc (NASDAQ:MLGO) trade information

MicroAlgo Inc (MLGO) registered a 0.95% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.95% in intraday trading to $8.42, hitting a weekly high. The stock’s 5-day price performance is -47.08%, and it has moved by 135.84% in 30 days. Based on these gigs, the overall price performance for the year is -83.56%. The short interest in MicroAlgo Inc (NASDAQ:MLGO) is 4.19 million shares and it means that shorts have 0.14 day(s) to cover.

MLGO Dividends

MicroAlgo Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

MicroAlgo Inc (NASDAQ:MLGO)’s Major holders

MicroAlgo Inc insiders own 18.56% of total outstanding shares while institutional holders control 7.10%, with the float percentage being 8.72%.

Data provided on Sep 30, 2024 indicates that Fidelity NASDAQ Composite Index Fund owns about 3.44 shares. This amounts to just over 0.07 percent of the company’s overall shares, with a $27914.0 market value.