Treasure Global (NASDAQ:TGL) Releases Earnings Results

Treasure Global (NASDAQ:TGL) announced its earnings results on Monday. The company reported ($3.47) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $1.08 million for the quarter. Treasure Global had a negative net margin of 1,064.59% and a negative return on equity of 36.50%.

Treasure Global Stock Performance

Shares of NASDAQ:TGL traded up $0.34 during mid-day trading on Monday, hitting $4.66. The stock had a trading volume of 27,280 shares, compared to its average volume of 261,381. The company’s 50 day moving average is $5.90 and its 200-day moving average is $14.32. Treasure Global has a 12-month low of $3.70 and a 12-month high of $185.50. The company has a market cap of $7.81 million, a PE ratio of -0.01 and a beta of 2.97.

Institutional Trading of Treasure Global

A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Treasure Global Inc. (NASDAQ:TGL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned approximately 1.15% of Treasure Global as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TGL. Weiss Ratings reissued a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, December 29th. Wall Street Zen downgraded Treasure Global from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.