Treasure Global (NASDAQ:TGL) Posts Earnings Results, Beats Estimates By $9,098.00 EPS

Treasure Global (NASDAQ:TGL) issued its quarterly earnings data on Tuesday. The company reported ($2.00) earnings per share for the quarter, beating analysts’ consensus estimates of ($9,100.00) by $9,098.00, FiscalAI reports. Treasure Global had a negative return on equity of 94.34% and a negative net margin of 791.30%. The business had revenue of $2.41 million for the quarter, compared to the consensus estimate of $14.78 million.

Treasure Global Stock Down 66.9%

TGL stock traded down $0.56 during mid-day trading on Tuesday, reaching $0.28. 5,192,218 shares of the stock traded hands, compared to its average volume of 239,569. Treasure Global has a 52 week low of $0.19 and a 52 week high of $58.00. The business has a 50-day moving average of $2.35 and a two-hundred day moving average of $3.40. The firm has a market capitalization of $543,490.00, a PE ratio of -0.00 and a beta of 3.01.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Treasure Global in a report on Monday, September 21st. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Treasure Global has a consensus rating of “Sell”.

About Treasure Global

Treasure Global Inc is a Malaysia-based technology company that develops digital commerce, fintech and mobile payment solutions. The company’s business is designed to connect consumers and merchants through an integrated digital ecosystem that combines payments, promotions, rewards and access to products and services.

Its principal platform, ZCITY, is a mobile application that supports digital payments and provides users with promotional offers, loyalty rewards and other consumer-oriented services.