Treasure Global Inc. (NASDAQ:TGL – Get Free Report)’s stock price was up 9.4% during trading on Wednesday . The stock traded as high as $3.29 and last traded at $2.92. Approximately 5,791,143 shares changed hands during mid-day trading, an increase of 1,932% from the average session volume of 285,025 shares. The stock had previously closed at $2.67.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.
Get Our Latest Stock Report on TGL
Treasure Global Stock Performance
Treasure Global (NASDAQ:TGL – Get Free Report) last released its earnings results on Wednesday, May 20th. The company reported ($2.70) EPS for the quarter, beating analysts’ consensus estimates of ($11,200.00) by $11,197.30. The company had revenue of $1.50 million during the quarter, compared to analysts’ expectations of $14.26 million. Treasure Global had a negative return on equity of 94.34% and a negative net margin of 791.30%.
Hedge Funds Weigh In On Treasure Global
A hedge fund recently bought a new stake in Treasure Global stock. Schonfeld Strategic Advisors LLC bought a new stake in shares of Treasure Global Inc. (NASDAQ:TGL – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned approximately 1.15% of Treasure Global at the end of the most recent quarter.
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.
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