Treasure Global Inc (NASDAQ:TGL) shares, rose in value on Wednesday, March 26, with the stock price down by -6.60% to the previous day’s close as strong demand from buyers drove the stock to $0.09.
Actively observing the price movement in the last trading, the stock closed the session at $0.10, falling within a range of $0.092 and $0.0997. The value of beta (5-year monthly) was -0.563. Referring to stock’s 52-week performance, its high was $6.04, and the low was $0.09. On the whole, TGL has fluctuated by -40.05% over the past month.
With the market capitalization of Treasure Global Inc currently standing at about $4.89 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Feb-13.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TGL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TGL currently trading nearly -25.11% and -42.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.75, while the 7-day volatility ratio is showing 23.50% which for the 30-day chart, stands at 15.93%. Furthermore, Treasure Global Inc (TGL)’s beta value is -0.37, and its average true range (ATR) is 0.02.
A comparison of Treasure Global Inc (TGL) with its peers suggests the former has fared considerably weaker in the market. TGL showed an intraday change of -6.60% in last session, and over the past year, it shrunk by -97.88%%.
Data on historical trading for Treasure Global Inc (NASDAQ:TGL) indicates that the trading volumes over the past 10 days have averaged 10.65 and over the past 3 months, they’ve averaged 16.16 million. According to company’s latest data on outstanding shares, there are 52.43 million shares outstanding.
Nearly 29.63% of Treasure Global Inc’s shares belong to company insiders and institutional investors own 1.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.73 million shares as on 2025-03-14, resulting in a short ratio of 0.55. According to the data, the short interest in Treasure Global Inc (TGL) stood at 140.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.5 million. The stock has fallen by -47.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TGL stock heading into the next quarter.
