HRT Financial LLC recently announced the acquisition of new stake in MicroAlgo Inc (NASDAQ:MLGO). This fresh investment now brings its stake to 0.10% valued currently at $0.14 million. In addition, Virtu Americas LLC raised its holdings by 20894.0 to 20894.0 shares.
With over 15.51 million MicroAlgo Inc (MLGO) shares trading Tuesday and a closing price of $1.13 on the day, the dollar volume was approximately $17.52 million. The shares have shown a negative half year performance of -50.66% and its price on 12/26/23 lost nearly -30.67%. Currently, there are 43.86M common shares owned by the public and among those 0.38M shares have been available to trade.
Fidelity Nasdaq Composite Index F owns 34846.0 shares of the company’s stock, all valued at over $0.11 million.
Shares of MicroAlgo Inc (NASDAQ: MLGO) opened at $1.65, up $0.02 from a prior closing price of $1.63. However, the script later moved the day high at 1.9800, down -30.67%. The company’s stock has a 5-day price change of -32.74% and -51.91% over the past three months. MLGO shares are trading -9.60% year to date (YTD), with the 12-month market performance down to -31.93% lower. It has a 12-month low price of $1.12 and touched a high of $15.60 over the same period. MLGO has an average intraday trading volume of 3.46 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -58.68%, -65.17%, and -56.20% respectively.
Institutional ownership of MicroAlgo Inc (NASDAQ: MLGO) shares accounts for 2.26% of the company’s 43.86M shares outstanding. Mutual fund holders own 0.23%, while other institutional holders and individual stakeholders account for 69.08% and 0.08% respectively.
It has a market capitalization of $6.84M and a beta (3y monthly) value of 0.77. The stock’s trailing 12-month PE ratio is 107.62, while the earnings-per-share (ttm) stands at $0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 30.30% over the week and 74.10% over the month.
