At $1.71 Magic Empire Global Ltd (NASDAQ: MEGL) Is Worth A Gamble

Magic Empire Global Ltd (NASDAQ:MEGL)’s traded shares stood at 2.05 million during the last session, with the company’s beta value hitting 2.74. At the close of trading, the stock’s price was $1.71, to imply a decrease of -13.20% or -$0.26 in intraday trading. The MEGL share’s 52-week high remains $5.52, putting it -222.81% down since that peak but still an impressive 40.35% since price per share fell to its 52-week low of $1.02. The company has a valuation of $13.79M, with an average of 6.08 million shares in intraday trading volume over the past 10 days and average of 1.82 million shares over the past 3 months.

Magic Empire Global Ltd (NASDAQ:MEGL) trade information

After registering a -13.20% downside in the last session, Magic Empire Global Ltd (MEGL) has traded red over the past five days. The 5-day price performance for the stock is 31.54%, and 11.04% over 30 days. With these gigs, the year-to-date price performance is -20.82%. Short interest in Magic Empire Global Ltd (NASDAQ:MEGL) saw shorts transact 36303.0 shares and set a 0.01 days time to cover.

MEGL Dividends

Magic Empire Global Ltd has its next earnings report out in July. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

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

Magic Empire Global Ltd insiders hold 40.31% of total outstanding shares, with institutional holders owning 0.98% of the shares at 1.65% float percentage. In total, 0.98% institutions holds shares in the company, led by CITADEL ADVISORS LLC. As of 2024-06-30, the company held over 36659.0 shares (or 0.181% of shares), all amounting to roughly $20111.0.

The next major institution holding the largest number of shares is UBS GROUP AG with 22641.0 shares, or about 0.1118% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $12226.0.

Going by data provided on Mar 31, 2025 , Fidelity Concord Street Trust-Fidelity Nasdaq Composite Index Fund holds roughly 1.37 shares. This is just over 0.03% of the total shares, with a market valuation of $2346.0

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