Analysts Set Expectations for Treasure Global Inc.’s FY2023 Earnings (NASDAQ:TGL)

Posted by Defense World Staff on Sep 18th, 2023

Treasure Global Inc. (NASDAQ:TGL – Free Report) – Equities research analysts at Zacks Small Cap issued their FY2023 earnings per share (EPS) estimates for Treasure Global in a research note issued to investors on Wednesday, September 13th. Zacks Small Cap analyst M. Marin anticipates that the company will earn ($0.70) per share for the year. Zacks Small Cap also issued estimates for Treasure Global’s Q4 2023 earnings at ($0.16) EPS and FY2024 earnings at ($0.58) EPS.

Treasure Global Price Performance

TGL opened at $0.29 on Monday. Treasure Global has a fifty-two week low of $0.28 and a fifty-two week high of $3.18. The company’s 50 day moving average price is $0.56 and its two-hundred day moving average price is $1.12.

Insider Activity

In other Treasure Global news, CEO Chong Chan Teo purchased 121,802 shares of the company’s stock in a transaction dated Thursday, July 27th. The stock was purchased at an average price of $0.83 per share, with a total value of $101,095.66. Following the completion of the purchase, the chief executive officer now owns 1,725,997 shares of the company’s stock, valued at $1,432,577.51. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 16.34% of the company’s stock.

Institutional Investors Weigh In On Treasure Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC acquired a new position in shares of Treasure Global in the 1st quarter valued at about $45,000. Jane Street Group LLC bought a new stake in shares of Treasure Global during the 3rd quarter valued at about $46,000. Finally, Marshall Wace LLP bought a new stake in shares of Treasure Global during the 3rd quarter valued at about $68,000. Institutional investors and hedge funds own 0.22% of the company’s stock.

About Treasure Global

(Get Free Report)

Treasure Global Inc designs and develops a Malaysian e-commerce platform that helps subscribers to connect with local merchants by offer activities, travel, goods, services and rewards. The company offers z-city, a cross profit-sharing platform that allows business owners to promote their product, increase their network, and reap the profits and rewards.