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NASDAQ:MEGL

Magic Empire Global (MEGL) Stock Price, News & Analysis

Magic Empire Global logo
0.51
0.00 (-0.22%)
(As of 11/1/2024 08:57 PM ET)

About Magic Empire Global Stock (NASDAQ:MEGL)

Key Stats

Today's Range
0.48
0.51
50-Day Range
0.43
0.69
52-Week Range
0.41
1.47
Volume
135,600 shs
Average Volume
242,165 shs
Market Capitalization
$10.33 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Magic Empire Global Limited engages in the provision of corporate finance advisory services and underwriting services in Hong Kong. The company provides initial public offering sponsorship, financial and independent financial advisory, post-listing compliance advisory, and underwriting services by acting as global coordinator, bookrunner, lead manager, or underwriter. It also offers corporate services, which include accounting and financial reporting advisory, company secretarial services, internal control enhancement, investor relations advisory, and other consulting services. The company was incorporated in 2016 and is headquartered in Central, Hong Kong.

Magic Empire Global Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
15th Percentile Overall Score

MEGL MarketRank™: 

Magic Empire Global scored higher than 15% of companies evaluated by MarketBeat, and ranked 921st out of 948 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Book Value per Share Ratio

    Magic Empire Global has a P/B Ratio of 0.60. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.47% of the float of Magic Empire Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Magic Empire Global has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Magic Empire Global has recently increased by 187.20%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Magic Empire Global does not currently pay a dividend.

  • Dividend Growth

    Magic Empire Global does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    2.47% of the float of Magic Empire Global has been sold short.
  • Short Interest Ratio / Days to Cover

    Magic Empire Global has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Magic Empire Global has recently increased by 187.20%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Magic Empire Global has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Magic Empire Global this week, compared to 0 articles on an average week.
  • MarketBeat Follows

    1 people have added Magic Empire Global to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Magic Empire Global insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    63.02% of the stock of Magic Empire Global is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 0.51% of the stock of Magic Empire Global is held by institutions.

  • Read more about Magic Empire Global's insider trading history.
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MEGL Stock News Headlines

Magic Empire Global Ltd. Announces Key Shareholder Meeting
625,000% Gain
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Magic Empire Global Limited (NASDAQ:MEGL) Short Interest Update
See More Headlines

MEGL Stock Analysis - Frequently Asked Questions

Magic Empire Global's stock was trading at 1.18 at the beginning of the year. Since then, MEGL shares have decreased by 56.9% and is now trading at 0.51.
View the best growth stocks for 2024 here
.

Magic Empire Global (MEGL) raised $20 million in an initial public offering on Friday, August 5th 2022. The company issued 5,000,000 shares at a price of $4.00 per share.

Shares of MEGL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Magic Empire Global investors own include Meta Platforms (META), Tesla (TSLA), Panbela Therapeutics (PBLA), Quotient (QTNT), Applied Optoelectronics (AAOI), AMTD Digital (HKD) and Kiora Pharmaceuticals (KPRX).

Company Calendar

Today
11/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
Banking
Current Symbol
NASDAQ:MEGL
Employees
9
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$1.77 million
Book Value
0.85 per share

Miscellaneous

Free Float
7,491,000
Market Cap
$10.33 million
Optionable
Not Optionable
Beta
2.90
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This page (NASDAQ:MEGL) was last updated on 11/2/2024 by MarketBeat.com Staff
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