Learn more about whether MGO Global Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. Read on to find out how (MGOL) grades on certain investment factors and determine whether it meets your investment needs.
Latest MGO Global Inc Stock News
As of January 17, 2023, MGO Global Inc had a $61.3 million market capitalization, putting it in the 27th percentile of companies in the Advertising & Marketing industry.
MGO Global Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. MGO Global Inc’s trailing 12-month revenue is $0.0 million with a % profit margin. Year-over-year quarterly sales growth most recently was -50.0%. There are not analysts providing consensus earnings estimates for the current fiscal year. MGO Global Inc does not currently pay a dividend.
The outlook for the advertising subindustry is neutral. There are growth prospects, supported by exposure to emerging market consumers and enhanced digital capabilities on new advertising technologies for data and analytics. However, global economic outlook has been significantly hampered by the global pandemic, precipitating a U.S. (and global) economic recession and some likely pullback of discretionary spending by several marketers. This provides potential for a revenue shortfall in the U.S. and some international markets. With growing share of advertising spending shifting toward the internet and other digital platforms. Despite the decline in traditional ratings, television advertising will likely continue to garner the bulk of the overall spending, thanks in part to marketers looking for mass audiences. In 2020, the S&P Advertising subindustry Index fell 11.5% versus a 15.8% increase for the S&P Composite 1500 Index.
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