30 Sep MLGO Stock Insights & Investment Analysis
MLGO’s price has swung wildly from just $0.1900 to a high of $156.00001 over 52 weeks. Isn’t that amazing? Dive deeper into our MLGO stock analysis for more insights. It’s key for anyone interested, whether you’re starting out or have been investing for years.
Key Takeaways
- Uncover the vast price range of MLGO, showcasing its significant volatility over the past year.
- Discover critical company metrics such as market capitalization, revenue, and profit margins.
- Gain insight into the historical and current performance of MLGO stock.
- Stay updated with the latest announcements and industry trends affecting MLGO.
- Learn about the technical aspects and forecasted trends for MLGO stock.
Understanding MLGO: Company Overview
MicroAlgo Inc. (MLGO) shines in the tech world with its top-notch processing algorithms. It’s known for pushing the edge in software, making big waves across industries2. With a mix of cool algorithm services and smart chip tech, MLGO stands tall. Its rich past and wide business range fuel its power.
History and Background
MLGO started with a big goal: to change tech algorithms forever. Guided by CEO Mr. Min Shu since 1977, it’s soared high2. Leaders like CFO Mr. Li He and COO Mr. Shiwen Liu also steer this ship. They face tough market battles but keep aiming high2. Starting with algorithms, MLGO quickly added smart chips to its lineup.
Key Business Segments
At MLGO, the big focus is on algorithms and smart chips. These areas help it shine in ads and games online2. These parts are key to MLGO’s strategy and earnings. Latest reports show it made US$86.55 million, proving its smart moves work3.
Global Reach and Market Presence
MLGO’s worldwide impact shows its huge scope and smart plans. It’s big in China and Hong Kong and doesn’t stop there, aiming worldwide2. With 86 devoted team members, it’s on a mission to grow even more2. Facing stiff competition, MLGO still boasts a market cap of US$4.03 million. This shows it’s a major player in tech3.
MLGO Stock Price History
MLGO stock price has gone up and down a lot over time. Investors watch it closely to see past and current market patterns. This makes it key for those looking to invest.
Historical Price Trends
The stock of MLGO has seen many ups and downs, ranging from 0.1900 to 156.0000 USD. It hit a high of $16.31 on June 28, 20244. The lowest it went was $0.139 on January 29, 20244. This shows it has good and bad times.
Its highest trading volume hit 135,035,200 shares on June 24, 20244. The lowest was 1,863,500 shares on July 3, 20244. This tells us how interest in the stock has changed over time.
Price Volatility
Price changes matter a lot for MLGO stock investors. On July 11, 2024, the price rose from $3.86 to $5.864. But, it fell from $5.40 to $3.80 on July 10, 20244.
Knowing about its price changes can help you guess the risks and rewards. The highest it ever got was 715.0000 USD on December 13, 2022. The lowest was 0.1904 USD on September 23, 20245. This huge difference shows the big shifts in its price.
As of August 15, 2024, the average daily closing price was $0.5464. This points out the stock’s big price changes even just this year.
Current MLGO Stock Performance
Prospective investors need to know the current state of MLGO stock. After Hours, it stood at $0.2337556, showing a stable trend. The stock’s price moved a bit today, ranging from $0.22 to $0.257.
There was a big spike in trading volume for MLGO, with 141,275,448 shares changing hands6. Over 50 days, its price varied from $0.20 to $2.397. This suggests a lot of trading activity and interest.
MLGO experienced a daily price swing from $0.235 to $0.28256. It also saw an impressive 24.88% jump in stock value6. A recent insider buy at $5 per share might have sparked this surge6.
Before the market opened, 43 million MLGO shares were traded6. This points to a strong early interest. The company is valued at $1.20 million in the market7.
MLGO was nearing a crucial $0.30 price point6. Its 52-week stock range saw extreme highs and lows, from $156.00 to $0.197. News of MicroAlgo Inc’s strong financial growth could be lifting investor spirits6.
China’s ambition in AI technology is causing some worry6. Talks of stock dilution and a possible reverse split are happening6. Yet, some investors plan to keep their stocks, expecting big strides in AI6.
Today, MicroAlgo traded 25.21 million shares, against an average of 9.65 million7. Its annual sales hit $81.89 million, marking its strong market position7.
For more on building wealth with MLGO, check out these detailed insights.
Tracking MLGO stock is key for investor insight. The firm has 5,160,000 shares out, with 3,989,000 freely available7. Its current ratio is a solid 4.797, showing good liquidity. With a low sales price ratio of 0.017 and a book value per share of $8.90, it seems undervalued. This gives a price-to-book ratio of 0.037.
With a high beta of 3.00, MLGO swings more than the market7. This means more risk but also more potential gain for informed investors.
Key Financial Metrics for MLGO
Exploring MLGO’s financial metrics offers insight into its fiscal wellness and market stance. It’s essential to understand these indicators for assessing how MLGO is doing.
Market Capitalization
Currently, MLGO’s market capitalization stands at $1.769 million8. This value is found by multiplying the share price with the total shares available. It helps investors gauge the company’s size and market influence.
Revenue and Net Income
MLGO reported a revenue of $606.82 million8, showing its ability to generate sales. But, its net income was -$214.88 million8, indicating losses after covering all costs.
High revenue is promising, but net income gives the real picture of profit. These figures are key to understanding MLGO’s operational success or failure.
Profit Margin and Return on Equity
MLGO’s profit margin is -35.41%8, which means it’s losing money currently. This metric reveals the profit left after expenses. On the other hand, its return on equity (ROE) is -41.04%8, showing a significant loss for investors. ROE indicates how well the company uses its assets to generate earnings.
| Financial Metric | Value |
|---|---|
| Market Capitalization | $1.769M |
| Revenue | $606.82M |
| Net Income | -$214.88M |
| Profit Margin | -35.41% |
| ROE | -41.04% |
Recent MLGO Stock News
Keeping up with the MLGO stock news lets you make smart choices. Big news and events greatly affect how MLGO’s stock is doing.
Latest Company Announcements
MicroAlgo recently shared news about a new algorithm. This algorithm uses knowledge to solve problems better and faster9. They also teamed up with Shenzhen University. They’re working together to train postgraduates and boost research9. Plus, they’ve made a new algorithm for predicting Bitcoin trades. It uses machine learning to make sharper predictions9.
Industry Trends
Some big industry trends are shaping MLGO’s market spot. For instance, MicroAlgo’s Quantum Shield protects against quantum computer threats to blockchains9. They also created a deep clustering algorithm. It makes grouping data more accurate and stable9. Also, China is sprinting to match the U.S. in artificial intelligence6.
Impact of Global Events
Global events deeply affect MLGO stock. The stock’s last price was $0.2390, opening the next day at $0.24001. Prices varied from $0.2210 to $0.2462 during the day1. MicroAlgo, MLGO’s parent company, is worth about $1.769 million1. Also, many people trade this stock, around 19,683,598 shares on average1.
Knowing MLGO’s latest stock updates helps you understand the market and company’s plans. With its high beta of 3.01 showing big price swings, staying updated on company moves is vital1.
Technical Analysis of MLGO Stock
Analyzing MLGO stock needs a close look at various technical indicators. This helps understand current trends and predict future movements. The overall rating for MLGO’s moving averages suggests a strong sell trend. This means all technical signals indicate a sell trend10. On the other hand, all oscillators signal a buy trend, marked at 100%10
The trading data for MLGO stock shows an interesting fact. The number of oscillators in a neutral state is 0% for MicroAlgo, Inc10. This points towards the need for investor caution. Similarly, no moving averages suggest sell or neutral trends10.
The big picture for MLGO stock isn’t too optimistic. The short-term price movements highlight a significant drop. For example, MLGO’s stock price decreased by 2.80% in the last 24 hours. This has led to an overall decline of 98.86% in the past year5.
- Market Cap: $1.769M
- Volume: 24,563,081
- Average Volume: 19,683,598
- Beta (5Y Monthly): 3.01
After reviewing MLGO’s trading data, a strong bearish sentiment prevails across the technical indicators. This should be keenly observed by investors planning to invest in MLGO.
MLGO Stock Forecast and Expert Predictions
To forecast MLGO stock, we look at short and long-term predictions. We use recent financial data and market trends.
Short-term Projections
Recently, MLGO stock rose by 396.28%, reaching $12.0111. This increase suggests it’s a good time for investors to consider buying. The Relative Strength Index (RSI) stands at 43.1, which means the stock is neither overbought nor oversold11.
Experts urge caution due to the stock’s price volatility over the last year, decreasing by 47.81%11.
The P/E ratio of MLGO went from 49.4x to just 1.1x12. This huge drop shows a potential for short-term profit, depending on several financial factors.
Long-term Projections
Looking at the long run, MLGO’s market cap is $28.27M, much lower than giants like Accenture PLC and IBM12. Its small size means it could grow fast but with higher risk. A free float of 77.44% means there’s a lot of room for trading12.
Revenue saw a 100% drop last quarter, resulting in no income11. Yet, net income reached $51 million, up by 225.67% from the last quarter. This impressive growth suggests potential stability and growth in the future11.
The EV/Sales ratio fell from 3.85x to 0.07x12. Long-term investors should watch for improvements in MLGO’s finances and market position.
MLGO Stock Market Comparisons
Evaluating MLGO’s spot in the market puts a spotlight on its competition and benchmarks. This helps investors understand its strength and make smarter choices.
In the latest trading session, MLGO had some interesting numbers. It closed at $0.2390, opened at $0.2400, and had a range from $0.2210 to $0.24621. Compared to the industry, MLGO’s price changes a lot. Its yearly range is from $0.1900 to $156.00001.
Looking at MLGO’s trading volume, it’s quite active. The recent volume was 24,563,081, above the average of 19,683,5981. This shows a lot of people are interested in MLGO. Yet, it’s key to compare it with competitors to see if this interest is a good sign.
MLGO’s financials shed light on its challenges. Its market cap is $1.769M, with a net loss of $37.87M and revenue of $81.89M15. In its sector, these numbers show MLGO has difficulties in making profit and growing. It has a profit margin of -35.41% and an ROE of -41.04%1.
MLGO’s use of its workforce is also unique. With 86 employees making $952.23K each, it’s different from bigger firms5. Also, its past year beta is 0.30, showing less risk than the average. Yet, the 5-year beta is up at 3.01, indicating higher risk in the long run15.
The stock price of MLGO has seen various changes. In the past day, it went down by -2.80%. It dropped by -53.15% in the last month5. However, it rose by 9.89% this week. These fluctuations suggest a possible short-term recovery and show why benchmarking is crucial5.
In conclusion, comparing MLGO with others gives us a clear picture of its market position. It points out both risks and chances for investors. Keeping an eye on its performance and how it stacks up against peers is key in navigating investments.
Investment Potential of MLGO Stock
When we look at MLGO investment potential, it’s key to weigh positives against possible risks. Understanding these can help see the balance between hopeful gains and market challenges.
Growth Potential
Stock growth potential for MicroAlgo Inc. has jumped, with shares up over 650% after news of a new research center13. As of September 27, 2024, its market cap hit $4.1 million. This hints at possible gains in the IT Services & Consulting field14. But, it’s not all rosy. Its sales dropped by -50.5% year-over-year, showing major downturns14.
MicroAlgo has 1.87 million shares out. This might lead to sharp price changes13. Its low Price to Book ratio of 0.02X, against an average of 9.51X, might mean the stock is undervalued. This could be great news for investors looking for a deal15.
Risk Factors
Looking at investment risk factors for MLGO, a few things stand out. Only four 13F filings show small ownership in MLGO13. The stock’s Negative Alpha of -5.58 and a Beta of -1.84 suggest high volatility compared to the Dow Jones15.
MicroAlgo’s financials are shaky, with a $37.87 million net loss and no profit to speak of15. Its return on equity is at -0.67%, worse than its peers15. Plus, sales are falling year-over-year, which is another red flag14.
The fact that only 0.07% of its shares are held by institutions, versus an industry average of 39.21%, exposes weaknesses15. It’s vital to consider these issues alongside the company’s growth potential for wise investment choices.
MLGO Stock Trading Strategies
When it comes to MLGO stock trading, using smart investment strategies is key. These strategies help with getting better returns and handling risks. It’s important to have plans ready for different situations to do well with MLGO stock.
Here’s a plan for the long term: buy MLGO just above $1.52, aim for $27.07, and put a stop loss at $1.5216. This is great for investors who plan to keep their shares for a long time. They could see big gains.
Swing Trading is another way to go. You buy MLGO just over $20.1, target $27.07, and stop loss at $20.0416. This strategy works with changes in price over days or weeks. It’s a chance to get profits from short-term trends.
If you’re into Day Trading, consider buying MLGO just over $19.08. Set your target at $20.1 and your stop loss at $19.0416. This strategy focuses on daily price changes. The goal is to earn profits fast, in one day, without taking risks overnight.
Being disciplined and managing risks are very important in MLGO stock trading. Ross Cameron, a famous trader, starts his day trading no more than 5,000 shares. As he makes profits, he might increase his shares17. He sets daily profit targets and follows rules to manage risks wisely. This helps limit losses while allowing for potential profits17.
Premium report subscribers get access to special tools. They get updates in real time and info on market crash indicators like the Evitar Corte16. Since 2000, the Evitar Corte has flagged big market crashes. This extra info helps adapt strategies to the current market, improving trading results.
Using various strategies and being able to change them helps protect against market ups and downs. It also boosts your success with MLGO stock trading. By following these strategies, you’ll be better equipped to handle the stock market’s challenges.
MLGO Stock Investor Sentiment
Recently, people have been very hopeful about MLGO stock. This is because of its big jumps in value and important partnerships. The stock surged by 36.6% in one day, showing that investors are feeling positive. investor sentiment MLGO stock18 Over 2.14 million shares changed hands in this early surge, showing a lot of interest18.
MicroAlgo stands out in the tech market with its services in algorithm improvement and data understanding. Experts are watching it closely. Its launch on Nasdaq on December 13, 2022, with a spike above $70 caught everyone’s eye, drawing both regular folks and big investors18.
Analyst Ratings
Experts have given mixed opinions on MLGO stock, focusing on its performance and future chances. Partnering with WiMi to start a quantum research center made its stock jump over 650%19. Even though it doesn’t have many shares out there, making its price move a lot, not many big investors have bought in19.
Public Perception
How the public sees MLGO stock is very important. It influences how people trade. The company raised $3.2 million by selling shares at $1.20 each, helping it stay stable18. Notable owners like WiMi and Jie Zhao hold big portions, making individuals trust it more19.
Keeping up with the latest news and what people think is key for investors. Being informed helps make smart choices18. The stock’s leap from $1.67 to $2.28 in a day shows strong public support for MLGO18.
MLGO Stock Updates
Staying updated with MLGO stock is key for smart investing. The stock closed at $0.2390 and opened at $0.24001. It moved between $0.2210 and $0.2462 during the day, showing its volatility1.
The 52-week range was wide, from $0.1900 to $156.0000. This shows big changes in its market value1.
Today, MLGO had a high trade volume of 24,563,081 shares. This is more than its usual 19,683,598 shares1. The company, MicroAlgo Inc., is valued at $1.769 million1.
However, it faced financial hurdles, shown by its EPS of -$7.03001. Its profit margin was also negative, at -35.41%, pointing to losses1.
MicroAlgo Inc. made $606.82 million in revenues1. It held $475.15 million in cash and had a free cash flow of $3.87 million1. The company used debts wisely, with a debt/equity ratio of 29.88%1.
The market cap is now at $1.77 million5. But it had a tough year, losing -$37.87 million5. MLGO’s price dropped by -2.80% in a day, but went up 9.89% in a week5.
In the last month, the price fell by -53.15%. Over the year, it plunged by -98.86%5.
MLGO’s highest price was $715.0000, and its lowest was $0.1904. This shows extreme ups and downs5.
Recently, it surged by 24.88%, closing at $0.276. Trading volume hit 141,275,448 shares, indicating strong interest6. An insider buy at $5 shows confidence in MLGO’s future6.
Watching MLGO stock can help you make smart investment choices. It’s important to keep up with these changes in the stock world.
Conclusion
In closing our detailed review of MLGO stock, we see it’s a mix of challenges and prospects. The company’s stock has had ups and downs. These are shown in how tech stocks like EA, VRSN, and GOOG change by an average of 1.5. But, healthcare stocks generally see a -1.6720 change. This shows the risks and chances for investors looking at MLGO stock to diversify their portfolio.
Moreover, MLGO’s Price To Sales Ratio is expected to fall to 0.44 by September 29, 2024. Its Price Earnings Ratio might go up to -0.9521. With a high volatility and weak past performance, it points to a risky speculative penny stock. The beta of -1.84 suggests it doesn’t follow the market trend, indicating more unpredictability21.
Looking at investment potential, MLGO is both high risk and possibly rewarding. About 23.0% of its shares are held by company insiders. There’s a 71.1% chance MLGO’s price will rise in the next 90 days21. Yet, the story of financial turmoil and negative returns over the last 90 days urges caution21. This analysis aims to give you a clear picture, helping you decide if MLGO fits your investment plan.