Treasure Global Inc. [TGL] Investment Appeal on the Rise


In a filing, Treasure Global Inc. revealed its Chief Executive Officer TEO CHONG CHAN acquired Company’s shares for reported $0.1 million on Jul 27. In the deal valued at $0.83 per share,121,802 shares were bought. As a result of this transaction, TEO CHONG CHAN now holds 1,725,997 shares worth roughly $ 0.48 million.

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Then, HOO VOON HIM sold 1,702,899 shares, generating $1,046,431 in total proceeds. Upon selling the shares at $0.61, the Director now owns 0 shares.

Price Performance Review of TGL

On Monday, Treasure Global Inc. [NASDAQ:TGL] saw its stock fall -5.17% to $0.28. On the same session, the stock had its day’s lowest price of $0.27, but rose to a high of $0.3055. Over the last five days, the stock has lost -8.33%. Treasure Global Inc. shares have fallen nearly -83.92% since the year began. Nevertheless, the stocks have fallen -89.85% over the past one year. While a 52-week high of $3.18 was reached on 01/10/23, a 52-week low of $0.28 was recorded on 09/18/23. SMA at 50 days reached $0.5595, while 200 days put it at $1.3289. A total of 0.69 million shares were traded, compared to the trading of 73000.0 shares in the previous session.

Levels Of Support And Resistance For TGL Stock

The 24-hour chart illustrates a support level at 0.2615, which if violated will result in even more drops to 0.2480. On the upside, there is a resistance level at 0.2970. A further resistance level may holdings at 0.3190. The Relative Strength Index (RSI) on the 14-day chart is 21.30, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0384, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.50%. Stochastics %K at 4.31% indicates the stock is a buying.

How much short interest is there in Treasure Global Inc.?

A steep rise in short interest was recorded in Treasure Global Inc. stocks on Aug 30, 2023, dropping by -0.18 million shares to a total of 17260.0 shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 0.2 million shares. There was a decline of -1044.09%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.08.

Treasure Global Inc. [TGL] – Who Are The Largest Shareholders?

In filings from Geode Capital Management LLC, it is revealed that the company now owns 27,240 shares, or roughly 0.16% of the outstanding TGL shares.. At present, BlackRock Investment Management L is holding 0 shares valued at $0.0. BlackRock Fund Advisors owned 0 shares of the company at the time of its most recent 13F filing, worth $0.0.

According to FactSet, Treasure Global Inc.’s share price will average $0.54 in the next year, based on opinions of analysts polled by the firm. This is up nearly 86.21 percent from its previous closing price of $0.29. Analysts expect Treasure Global Inc. stock to reach the higher price of $0.54, while the lowest price estimate is $0.54. However, 0 analysts have rated TGL stock as a – in their predictions for 2023.


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