Treasure Global Inc (NASDAQ: TGL) stock fell -2.84% on Monday to $0.26 against a previous-day closing price of $0.26. With 0.93 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.01 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $0.2780 whereas the lowest price it dropped to was $0.2535. The 52-week range on TGL shows that it touched its highest point at $3.18 and its lowest point at $0.18 during that stretch. Beta for the stock currently stands at 0.12.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TGL was up-trending over the past week, with a rise of 5.11%, but this was down by -31.47% over a month. Three-month performance dropped to -42.89% while six-month performance fell -82.64%. The stock lost -87.15% in the past year, while it has lost -84.97% so far this year.
Float and Shares Shorts:
At present, 17.90 million TGL shares are outstanding with a float of 8.94 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.52 million, which was 2.06% higher than short shares on Sep 28, 2023. In addition to Mr. Chong Chan Teo as the firm’s CEO, Secretary & Director, Mr. Meng Chun Chan serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.32% of TGL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.48% of TGL, in contrast to 0.60% held by mutual funds. Shares owned by individuals account for 0.41%. As the largest shareholder in TGL with 0.49% of the stake, Renaissance Technologies LLC holds 100,098 shares worth 100,098. A second-largest stockholder of TGL, Geode Capital Management LLC, holds 64,582 shares, controlling over 0.32% of the firm’s shares. Millennium Management LLC is the third largest shareholder in TGL, holding 16,606 shares or 0.08% stake. With a 0.30% stake in TGL, the Fidelity Extended Market Index Fu is the largest stakeholder. A total of 60,025 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.06% of TGL stock, is the second-largest Mutual Fund holder. It holds 12,230 shares valued at 6017.0. Lumyna – MW Systematic Alpha UCIT holds 0.04% of the stake in TGL, owning 7,319 shares worth 3601.0.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TGL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TGL analysts setting a high price target of $0.54 and a low target of $0.54, the average target price over the next 12 months is $0.54. Based on these targets, TGL could surge 107.69% to reach the target high and rise by 107.69% to reach the target low. Reaching the average price target will result in a growth of 107.69% from current levels.
Summary of Insider Activity:
Insiders traded TGL stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 1,057,519 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 1,179,321 while 1,702,899 shares were sold.
