Sabby Management LLC recently announced the acquisition of new stake in Treasure Global Inc (NASDAQ:TGL). This fresh investment now brings its stake to 19.47% valued currently at $0.48 million. In addition, L1 Capital Global, Inc. raised its holdings by 5.0 million to 5.0 million shares.
With over 10.89 million Treasure Global Inc (TGL) shares trading Friday and a closing price of $0.09 on the day, the dollar volume was approximately $0.98 million. The shares have shown a negative half year performance of -89.24% and its price on 01/12/24 lost nearly -8.42%. Currently, there are 17.90M common shares owned by the public and among those 11.99M shares have been available to trade.
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Insiders at the company have transacted a total of 2 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 2 of these insider trades were purchases, accounting for 1,179,321 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Treasure Global Inc are Fidelity Extended Market Index Fu, Vanguard Extended Market Index Fu, and Lumyna – MW Systematic Alpha UCIT. Fidelity Extended Market Index Fu owns 0.27 million shares of the company’s stock, all valued at over $24087.0. Lumyna – MW Systematic Alpha UCIT bought 7319.0 shares to bring its total holdings to over 7319.0 shares at a value of $651.0. Lumyna – MW Systematic Alpha UCIT now owns shares totaling to 0.03% of the shares outstanding.
Shares of Treasure Global Inc (NASDAQ: TGL) opened at $0.1091, up $0.01 from a prior closing price of $0.10. The company’s stock has a 5-day price change of -3.44% and -57.76% over the past three months. TGL shares are trading 3.70% year to date (YTD), with the 12-month market performance down to -95.18% lower. It has a 12-month low price of $0.08 and touched a high of $2.40 over the same period. TGL has an average intraday trading volume of 2.61 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 -6.30%, -49.06%, and -87.29% respectively.
Institutional ownership of Treasure Global Inc (NASDAQ: TGL) shares accounts for 50.88% of the company’s 17.90M shares outstanding. Mutual fund holders own 15.91%, while other institutional holders and individual stakeholders account for 37.38% and 1.07% respectively.
It has a market capitalization of $1.92M and a beta (3y monthly) value of -0.66. The earnings-per-share (ttm) stands at -$0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.71% over the week and 10.43% over the month.
Analysts forecast that Treasure Global Inc (TGL) will achieve an EPS of -$0.08 for the current quarter, -$0.1 for the next quarter and $0 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.08.
