How to Buy Magic Empire Global Stock
Magic Empire Global Ltd
Magic Empire Global Limited provides initial public offering sponsorship, financial and independent financial advisory, post-listing compliance advisory, and underwriting services to corporations in Hong Kong.
Magic Empire Global stock last closed at $1.13, down 6.61% from the previous day, and has decreased 53.15% in one year. It has underperformed other stocks in the Capital Markets industry by 0.64 percentage points. Magic Empire Global stock is currently +10.78% from its 52-week low of $1.02, and -79.53% from its 52-week high of $5.52.
At the moment, there are 20.26M shares of MEGL outstanding. The market value of MEGL is $22.89M. In the last 24 hours, 18,289 MEGL shares were traded.
How to Buy Magic Empire Global Stock
Not sure how to invest in Magic Empire Global stock? Here's how.
- Choose where to buy Magic Empire Global stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you figure out where to buy Magic Empire Global stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your method of payment and add your info.
- Analyze Magic Empire Global stock: The Magic Empire Global ticker symbol is MEGL. Is Magic Empire Global stock a good investment? Should you buy shares of MEGL? How do MEGL's underlying business fundamentals look? Do top analysts think Magic Empire Global is a good buy? Why has MEGL's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if MEGL is a good stock to buy).
- Make your MEGL purchase: Decide if you will purchase MEGL shares at the current market price or use a limit order to buy MEGL shares at a specific price.
- Keep tabs on your MEGL investment: Create a watchlist to the latest updates on your new investment in Magic Empire Global stock.
Step 1: Choose where to buy Magic Empire Global stock
You will need an online brokerage account in order to access the NASDAQ market and buy MEGL stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, you need to fill out some personal details so you can buy MEGL today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new brokerage account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've opened your account on a mobile trading app, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing money into your new investment account.
Step 4: Analyze Magic Empire Global stock
Once you have selected the best place to buy Magic Empire Global stock, it's absolutely critical to evaluate their stock before you invest, so you actually understand the risk and upside.
Magic Empire Global stock quick numbers
MEGL Due Diligence Checks
WallStreetZen was created to help everyday investors do more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on MEGL's stock page.
What is the fair value of MEGL stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge MEGL's true value.
Using relative valuations ratios:
- MEGL may be undervalued based on its P/B ratio of 1.37x, relative to Capital Markets industry P/B ratio of 1.92x
You can access more valuation analysis on MEGL's stock here.
MEGL Financials at a glance
Pros:
- There are more short-term assets than long-term liabilities on the MEGL balance sheet.
- MEGL has $16.43M in cash and short term investments. This is enough to cover its annual cash burn of $599.21k.
- There are more short-term assets than short-term liabilities on the MEGL balance sheet.
- MEGL has a low debt to equity ratio of 0.05.
- MEGL has cash burn of 599209. It has enough cash and short-term investments to cover this for at least one year.
Cons:
- MEGL profit margin has gone down from -3.5% to -37% in the past year.
MEGL Trading Indicators
How are MEGL Revenues/Earnings doing?
Last year, MEGL revenue was $1.65M. Over the last 4 year, MEGL's revenue has grown by -11.13% per year. This was slower than the Capital Markets industry average of 18.58%.
Dig into MEGL's earnings and revenue performance here.
Who is buying/selling MEGL?
In the past year, executives and large shareholders at MEGL have not bought or sold any shares.
Dig into more about who owns MEGL shares here.
Does MEGL provide a stable income stream?
No, Magic Empire Global doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your MEGL purchase
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you want more assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your MEGL investment
Now that you own some MEGL shares, you'll want to keep up with your investment.
Add MEGL to a watchlist to get notified of the latest news about your MEGL stock.
MEGL Feed
How to Buy Stock in Magic Empire Global
To reiterate, here are the 6 steps to buy stock in Magic Empire Global:
- Choose where to buy Magic Empire Global stock
- Sign up for your brokerage account
- Deposit funds into your investment account
- Analyze Magic Empire Global stock
- Make your MEGL purchase
- Keep tabs on your MEGL investment
If you are looking for a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you want to monitor your new investment in Magic Empire Global, hit the button below to create your watchlist.
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