Treasure Global (NASDAQ:TGL) Releases Earnings Results, Beats Estimates By $9,098.00 EPS

Treasure Global (NASDAQ:TGL) posted its quarterly earnings results on Tuesday. The company reported ($2.00) earnings per share for the quarter, topping analysts’ consensus estimates of ($9,100.00) by $9,098.00, FiscalAI reports. Treasure Global had a negative net margin of 791.30% and a negative return on equity of 94.34%. The business had revenue of $2.41 million for the quarter, compared to the consensus estimate of $14.78 million.

Treasure Global Trading Down 66.9%

Treasure Global stock traded down $0.56 during mid-day trading on Tuesday, hitting $0.28. 5,187,699 shares of the company’s stock were exchanged, compared to its average volume of 238,990. Treasure Global has a 1-year low of $0.19 and a 1-year high of $58.00. The stock has a 50 day moving average of $2.35 and a two-hundred day moving average of $3.40. The stock has a market cap of $543,490.00, a P/E ratio of -0.00 and a beta of 3.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Treasure Global in a research note on Monday, September 21st. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Treasure Global has a consensus rating of “Sell”.

Treasure Global Company Profile

Treasure Global Inc is a Malaysia-based technology company that develops digital commerce, fintech and mobile payment solutions. The company’s business is designed to connect consumers and merchants through an integrated digital ecosystem that combines payments, promotions, rewards and access to products and services.

Its principal platform, ZCITY, is a mobile application that supports digital payments and provides users with promotional offers, loyalty rewards and other consumer-oriented services.