Last Updated: 16 Sep 2024
Executive Summary
Treasure Global Inc. (TGL) is a publicly traded company in the business services industry. The company has a market capitalization of $1.24 billion and its latest stock price is $0.67. TGL's financial performance has been weak in recent quarters, with negative earnings per share and a declining revenue growth rate. The company's valuation metrics are also below average, with a trailing price-to-sales ratio of 0.0336 and a price-to-book ratio of 0.406.
Company Overview
Treasure Global Inc. is a provider of business services, including consulting, technology, and outsourcing. The company was founded in 2001 and is headquartered in New York City. TGL has a global presence, with operations in North America, Europe, and Asia. The company's clients include Fortune 500 companies and government agencies.
Fundamental Analysis
TGL's financial performance has been weak in recent quarters. The company reported a net loss of $69.6 million in the fiscal year ended June 2023, and a net loss of $17.4 million in the first quarter of fiscal 2024. TGL's revenue has also declined in recent quarters, with a 0.912% year-over-year decline in the first quarter of fiscal 2024.
TGL's valuation metrics are also below average. The company's trailing price-to-sales ratio of 0.0336 is below the industry average of 0.0429. TGL's price-to-book ratio of 0.406 is also below the industry average of 0.487.
Technical Analysis
TGL's stock price has been in a downtrend since early 2023. The stock price has fallen from a high of $43.75 in January 2023 to a low of $0.538 in March 2024. The stock price is currently trading at $0.67, which is below its 50-day and 200-day moving averages.
Short Term Outlook
TGL's short-term outlook is negative. The company's financial performance has been weak and its stock price is in a downtrend. The company's valuation metrics are also below average.
Long Term Outlook
TGL's long-term outlook is uncertain. The company's business model is sound, but the company has been facing challenges in recent quarters. If TGL can improve its financial performance, the stock price could rebound. However, if the company's financial performance continues to decline, the stock price could continue to fall.
Analyst Recommendations
Analysts have a negative outlook on TGL. The consensus analyst rating is "sell." The average analyst target price is $31.50, which is below the current stock price.
