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Mgo Global Inc   (NASDAQ: MGOL)
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Price: $0.3670 $-0.12 -24.949%
Day's High: $0.4899 Week Perf: -36.71 %
Day's Low: $ 0.34 30 Day Perf: -61.37 %
Volume (M): 6,167 52 Wk High: $ 18.30
Volume (M$): $ 2,263 52 Wk Avg: $3.28
Open: $0.47 52 Wk Low: $0.34



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 3
 Employees -
 Revenues (TTM) (Millions $) 4
 Net Income (TTM) (Millions $) -6
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Mgo Global Inc
Mgo Global Inc is a multinational corporation based in the United States. They are a leading provider of innovative technology solutions for various industries. The company specializes in offering services such as software development, IT consulting, and digital marketing. With a strong global presence and a team of experienced professionals, Mgo Global Inc has gained a reputation for delivering high-quality and cost-effective solutions to their clients.


   Company Address: 1515 SE 17th Street Ft Lauderdale 33346 FL
   Company Phone Number: 913-3316   Stock Exchange / Ticker: NASDAQ MGOL


   

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Stocks on the Move

MGO Global Inc (NASDAQMGOL) Stock Price Shows Volatility Amidst Recent News

Published Thu, Aug 15 2024 9:35 AM UTC

In the fast-paced world of stock trading, it is crucial for investors to stay updated with the latest news and market trends. Over the past week, MGO Global Inc (NASDAQ:MGOL) has witnessed several key developments that have influenced its stock price. This article aims to provide a comprehensive overview of these events, shedding light on the factors affecting the company s ...

Mgo Global Inc

Mgo Global Inc. Surpasses Expectations with 100.258% Revenue Growth in First Quarter of 2024



MGO Global Inc, a leading company in the Apparel, Footwear & Accessories sector, has experienced a recent surge in stock prices. However, a deeper analysis reveals several concerning aspects of the company's financial performance. Despite a decrease in losses per share compared to the previous year, the revenue growth seems unsustainable, and the net income improvement appears to be superficial. Furthermore, the substantial recent gains in stock price may raise concerns about an overvalued stock. This article aims to provide an extensive bearish perspective on MGO Global Inc, highlighting the underlying weaknesses in its financial performance and stock valuation.
Revenue: An Unsustainable Surge Followed by a Disappointing Tumble
In the most recent fiscal period, MGO Global Inc reported a surge in revenue by 100.258% to $0.67 million compared to $0.33 million in the corresponding period last year. However, upon closer inspection, it reveals that the sequential revenue tumbled by a significant -57.881% from $1.59 million. This indicates that the surge in revenue is non-sustainable and likely resulted from short-term or one-time events, rather than long-term business growth. Such fluctuations may raise concerns about the company's ability to maintain consistent revenue streams, leaving market players uncertain about its future prospects.

Mgo Global Inc

Mgo Global Inc Reports Revenue of $0.334701 Million for Q1 2023, Faces Net Shortage Despite Previous Break-Even Quarter

Mgo Global Inc, an Apparel, Footwear & Accessories company, has reported a revenue of $0.334701 million during the period of January to March 31, 2023. However, despite this positive sign of revenue, the company has also reported a net shortage of $-1.220 million during the same time-frame. Unfortunately, this financial position is in contrast to the corresponding quarter a year ago, where the company was operating on a break-even basis.
Although these figures may appear discouraging, it is important to keep in perspective that the financial markets do fluctuate, and companies go through periods of growth and setback. It is possible that various factors may be contributing to Mgo Global Inc?s present financial position.







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