Treasure Global (NASDAQ:TGL) Shares Up 9.4% – What’s Next?

Treasure Global Inc. (NASDAQ:TGLGet Free Report) shot up 9.4% during mid-day trading on Wednesday . The company traded as high as $3.29 and last traded at $2.92. Approximately 5,791,143 shares traded hands during trading, an increase of 1,932% from the average session volume of 285,025 shares. The stock had previously closed at $2.67.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, According to MarketBeat, the stock has an average rating of “Sell”.

Get Our Latest Report on Treasure Global

Treasure Global Stock Performance

The company has a market cap of $5.69 million, a P/E ratio of -0.01 and a beta of 2.94. The stock has a 50-day moving average of $3.54 and a two-hundred day moving average of $3.99.

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

Hedge Funds Weigh In On Treasure Global

An institutional investor recently raised its stake in Treasure Global stock. Jane Street Group LLC lifted its stake in Treasure Global Inc. (NASDAQ:TGLFree Report) by 61.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,619 shares of the company’s stock after purchasing an additional 10,893 shares during the quarter. Jane Street Group LLC owned 1.70% of Treasure Global worth $175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Treasure Global

(Get Free Report)

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.

Further Reading

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