Treasure Global (NASDAQ:TGL) Posts Earnings Results, Beats Expectations By $11,198.61 EPS

Treasure Global (NASDAQ:TGL) posted its quarterly earnings data on Wednesday. The company reported ($1.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($11,200.00) by $11,198.61, FiscalAI reports. Treasure Global had a negative return on equity of 53.23% and a negative net margin of 889.11%.The company had revenue of $1.50 million during the quarter, compared to analyst estimates of $14.26 million.

Treasure Global Stock Up 1.0%

Shares of NASDAQ TGL traded up $0.04 during mid-day trading on Wednesday, reaching $3.91. 6,691 shares of the company were exchanged, compared to its average volume of 122,276. Treasure Global has a 52 week low of $3.40 and a 52 week high of $58.00. The stock has a market capitalization of $6.57 million, a PE ratio of -0.01 and a beta of 2.90. The company’s 50 day moving average price is $4.03 and its 200 day moving average price is $6.99.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Treasure Global in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Treasure Global has a consensus rating of “Sell”.

Institutional Investors Weigh In On Treasure Global

An institutional investor recently bought a new position in Treasure Global stock. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Treasure Global Inc. (NASDAQ:TGL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 19,303 shares of the company’s stock, valued at approximately $118,000. Schonfeld Strategic Advisors LLC owned about 1.15% of Treasure Global 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.