What Did We Discover About Insider Trading At MGO Global Inc (NASDAQ: MGOL)?

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MGO Global Inc (NASDAQ:MGOL) traded at $0.49 at last check on Wednesday, June 12, made an upward move of 15.62% on its previous day’s price.

Looking at the stock we see that its previous close was $0.42 . In terms of its 52-week price range, MGOL has a high of $3.25 and a low of $0.19. The company’s stock has gained about 123.23% over that past 30 days.

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MGO Global Inc has a market cap of $8.90 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the MGOL stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Buy.

Looking further, we note the current price level is -7.91% off its SMA20 and 35.43% from its 50-day simple moving average. The RSI (14) is pointing at 51.40 while the volatility over the past week is 11.40% and jumps to 25.28% over the past one month. The beta value is 7.38, while the average true range (ATR) is currently pointing at 0.13.

Coming back to MGO Global Inc (NASDAQ:MGOL), we note that the average 3-month trading volume was 7.13 million. Current shares outstanding are 14.27 million.

The insiders hold 70.18% of the company’s shares while institutions hold 0.66%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 13.95% up in year-to-date price movement.

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