MicroAlgo Inc (NASDAQ:MLGO) price on Thursday, March 20, fall -12.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.12.
A look at the stock’s price movement, the close in the last trading session was $3.57, moving within a range at $3.015 and $3.5. The beta value (5-Year monthly) was 2.239. Turning to its 52-week performance, $509.60 and $1.11 were the 52-week high and 52-week low respectively. Overall, MLGO moved 157.85% over the past month.
MicroAlgo Inc’s market cap currently stands at around $31.12 million, with investors looking forward to this quarter’s earnings report slated for in April.
Turning to the stock’s technical picture we see that short term indicators suggest on average that MLGO is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
MLGO’s current price about -25.50% and 18.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.97, while 7-day volatility ratio is 14.60% and 38.43% in the 30-day chart. Further, MicroAlgo Inc (MLGO) has a beta value of 2.32, and an average true range (ATR) of 0.82.
If we refocus on MicroAlgo Inc (NASDAQ:MLGO), historical trading data shows that trading volumes averaged 3.72 over the past 10 days and 15.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 9.97 million shares.
The 2.38% of MicroAlgo Inc’s shares are in the hands of company insiders while institutional holders own 7.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.7 million on 2025-02-28, giving us a short ratio of 0.12. The data shows that as of 2025-02-28 short interest in MicroAlgo Inc (MLGO) stood at 3761.0 of shares outstanding, with shares short rising to 1.1 million registered in 2025-01-31. Current price change has pushed the stock -17.02% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the MLGO stock continues to rise going into the next quarter.
