Treasure Global (NASDAQ:TGL) Stock Price Up 1.7% – Should You Buy?

Treasure Global Inc. (NASDAQ:TGL)’s share price shot up 1.7% during trading on Thursday . The company traded as high as $4.37 and last traded at $4.25. 39,137 shares traded hands during trading, a decline of 64% from the average session volume of 107,530 shares. The stock had previously closed at $4.18.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Treasure Global Trading Up 1.7%

The business’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $5.33. The stock has a market cap of $7.14 million, a P/E ratio of -0.01 and a beta of 2.90.

Treasure Global (NASDAQ:TGL) last released its quarterly earnings results on Wednesday, May 20th. The company reported ($2.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($11,200.00) by $11,197.30. Treasure Global had a negative net margin of 791.30% and a negative return on equity of 94.34%. The company had revenue of $1.50 million during the quarter, compared to the consensus estimate of $14.26 million.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Treasure Global stock. Schonfeld Strategic Advisors LLC bought a new position in shares of Treasure Global Inc. (NASDAQ:TGL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned 1.15% of Treasure Global as of its most recent filing with the Securities and Exchange Commission.

About Treasure Global

Treasure Global Inc offers e-commerce activities through its platform. Its platform provides consumers and merchants instant rebates and affiliate cashback programs, while providing a seamless e-payment solution with rebates in both e-commerce and physical retailers/merchant settings. The company offers ZCITY App, a payment gateway platform. Treasure Global Inc was incorporated in 2020 and is based in New York, New York.