Treasure Global Inc. (NASDAQ:TGL – Get Free Report)’s share price shot up 1.7% on Thursday . The company traded as high as $4.37 and last traded at $4.25. Approximately 39,137 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 107,530 shares. The stock had previously closed at $4.18.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Treasure Global currently has an average rating of “Sell”.
Get Our Latest Research Report on TGL
Treasure Global Stock Performance
Treasure Global (NASDAQ:TGL – Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $1.50 million for the quarter, compared to analysts’ expectations of $14.26 million. Treasure Global had a negative net margin of 791.30% and a negative return on equity of 94.34%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Treasure Global stock. Jane Street Group LLC boosted its stake in Treasure Global Inc. (NASDAQ:TGL – Free Report) by 61.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,619 shares of the company’s stock after buying an additional 10,893 shares during the quarter. Jane Street Group LLC owned approximately 1.70% of Treasure Global worth $175,000 at the end of the most recent reporting period.
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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