Treasure Global (NASDAQ:TGL) Releases Quarterly Earnings Results

Treasure Global (NASDAQ:TGL) released its quarterly earnings data on Wednesday. The company reported ($2.70) EPS for the quarter, beating the consensus estimate of ($11,200.00) by $11,197.30, Zacks reports. Treasure Global had a negative net margin of 791.30% and a negative return on equity of 97.92%. The firm had revenue of $1.50 million for the quarter, compared to the consensus estimate of $14.26 million.

Treasure Global Price Performance

Shares of NASDAQ TGL opened at $4.07 on Friday. The stock’s fifty day moving average price is $4.03 and its two-hundred day moving average price is $6.81. Treasure Global has a one year low of $3.40 and a one year high of $58.00. The firm has a market cap of $6.82 million, a price-to-earnings ratio of -0.01 and a beta of 2.90.

Hedge Funds Weigh In On Treasure Global

An institutional investor recently bought a new position in Treasure Global stock. Schonfeld Strategic Advisors LLC purchased a new stake in Treasure Global Inc. (NASDAQ:TGL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 filing with the Securities & Exchange Commission.

Analyst Upgrades and Downgrades

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

Treasure Global Company Profile

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.