Microalgo Stock Price on July 2, 2024
| MLGO Stock | 0.18 0.01 5.26% |
If you're considering investing in MicroAlgo Stock, it is important to understand the factors that can impact its price. As of today, the current price of MicroAlgo stands at 0.18, as last reported on the 28th of November, with the highest price reaching 0.19 and the lowest price hitting 0.17 during the day. MicroAlgo has Sharpe Ratio of -0.0573, which conveys that the firm had a -0.0573% return per unit of risk over the last 3 months. MicroAlgo exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify MicroAlgo's Mean Deviation of 7.32, standard deviation of 10.69, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide.
At this time, MicroAlgo's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 28th of November 2024, Capital Stock is likely to grow to about 100.7 K, while Total Stockholder Equity is likely to drop about 40.2 M. . As of the 28th of November 2024, Price To Sales Ratio is likely to drop to 0.44. In addition to that, Price Earnings Ratio is likely to grow to -0.95. MicroAlgo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
MicroAlgo |
Sharpe Ratio = -0.0573
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| Negative Returns | MLGO |
Estimated Market Risk
| 10.81 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.62 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.06 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MicroAlgo is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of MicroAlgo by adding MicroAlgo to a well-diversified portfolio.
Price Book 0.4489 | Enterprise Value Ebitda 2.6727 | Price Sales 0.0562 | Shares Float 13.7 M | Earnings Share (7.03) |
MicroAlgo Valuation on July 2, 2024
It is possible to determine the worth of MicroAlgo on a given historical date. On July 2, 2024 MicroAlgo was worth 12.32 at the beginning of the trading date compared to the closed value of 10.74. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of MicroAlgo stock. Still, in general, we apply an absolute valuation method to find MicroAlgo's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of MicroAlgo where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against MicroAlgo's related companies.
| Open | High | Low | Close | Volume | |
| 15.67 | 15.92 | 10.74 | 12.96 | 4,969,686 | |
07/02/2024 | 12.32 | 14.10 | 10.70 | 10.74 | 2,802,377 |
| 10.74 | 11.44 | 9.63 | 10.34 | 1,863,514 |
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MicroAlgo Trading Date Momentum on July 2, 2024
| On July 03 2024 MicroAlgo was traded for 10.34 at the closing time. The top price for the day was 11.44 and the lowest listed price was 9.63 . The trading volume for the day was 1.9 M. The trading history from July 3, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.72% . The trading delta at closing time against the current closing price is 63.41% . |
MicroAlgo Fundamentals Correlations and Trends
By evaluating MicroAlgo's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among MicroAlgo's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. MicroAlgo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About MicroAlgo Stock history
MicroAlgo investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for MicroAlgo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in MicroAlgo will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing MicroAlgo stock prices may prove useful in developing a viable investing in MicroAlgo
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 4.6 M | 4.3 M | |
| Net Income Applicable To Common Shares | 63.6 M | 69.7 M |
MicroAlgo Quarterly Net Working Capital |
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MicroAlgo Stock Technical Analysis
MicroAlgo technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
MicroAlgo Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
MicroAlgo cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
MicroAlgo November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how MicroAlgo stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading MicroAlgo shares will generate the highest return on investment. By undertsting and applying MicroAlgo stock market strength indicators, traders can identify MicroAlgo entry and exit signals to maximize returns
MicroAlgo Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for MicroAlgo's price direction in advance. Along with the technical and fundamental analysis of MicroAlgo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of MicroAlgo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (1.09) | |||
| Total Risk Alpha | (2.65) | |||
| Treynor Ratio | (2.26) |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MicroAlgo. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. To learn how to invest in MicroAlgo Stock, please use our How to Invest in MicroAlgo guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MicroAlgo. If investors know MicroAlgo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MicroAlgo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.90) | Earnings Share (7.03) | Revenue Per Share 79.717 | Quarterly Revenue Growth 0.081 | Return On Assets (0.11) |
The market value of MicroAlgo is measured differently than its book value, which is the value of MicroAlgo that is recorded on the company's balance sheet. Investors also form their own opinion of MicroAlgo's value that differs from its market value or its book value, called intrinsic value, which is MicroAlgo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MicroAlgo's market value can be influenced by many factors that don't directly affect MicroAlgo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between MicroAlgo's value and its price as these two are different measures arrived at by different means. Investors typically determine if MicroAlgo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MicroAlgo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.