Is There More Upside Ahead For MicroAlgo Inc (NASDAQ: MLGO)

MicroAlgo Inc (MLGO) concluded trading on Thursday at a closing price of $1.15, with 9.69 million shares of worth about $11.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -89.55% during that period and on February 20, 2025 the price saw a loss of about -4.96%. Currently the company’s common shares owned by public are about 9.97M shares, out of which, 9.74M shares are available for trading.

Stock saw a price change of -5.74% in past 5 days and over the past one month there was a price change of -27.22%. Year-to-date (YTD), MLGO shares are showing a performance of -69.41% which decreased to -99.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.19 but also hit the highest price of $509.60 during that period. The average intraday trading volume for MicroAlgo Inc shares is 4.01 million. The stock is currently trading -20.72% below its 20-day simple moving average (SMA20), while that difference is down -43.32% for SMA50 and it goes to -96.43% lower than SMA200.

MicroAlgo Inc (NASDAQ: MLGO) currently have 9.97M outstanding shares and institutions hold larger chunk of about 7.10% of that.

The stock has a current market capitalization of $11.47M and its 3Y-monthly beta is at 2.60. It has Quick Ratio of 3.55 while making debt-to-equity ratio of 0.30. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MLGO, volatility over the week remained 7.80% while standing at 11.03% over the month.

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