Galaxy Payroll Group Ltd (NASDAQ: GLXG) has experienced a decline in its stock price by -5.95 compared to its previous closing price of 0.49. However, the company has seen a fall of -10.58% in its stock price over the last five trading days. globenewswire.com reported 2024-10-15 that Hong Kong, Oct. 15, 2024 (GLOBE NEWSWIRE) — Galaxy Payroll Group Limited (the “Company” or “GLXG”), a reputable payroll outsourcing service, employment service and consultancy and market research service provider based in Hong Kong, today announced that it closed the sales of an additional 262,500 ordinary shares of the Company, representing full exercise of the underwriter’s over-allotment option granted in connection with the Company’s initial public offering (“IPO”, together with such over-allotment closing, the “Offering”), at the IPO price of $4 per share, less underwriting discounts. As a result, the Company has raised gross proceeds of $1,050,000 in addition to the previously announced IPO gross proceeds of $7,000,000, before deducting underwriting discounts and offering expenses.
Is It Worth Investing in Galaxy Payroll Group Ltd (NASDAQ: GLXG) Right Now?
The average trading volume of GLXG on June 17, 2025 was 1.40M shares.
GLXG’s Market Performance
The stock of Galaxy Payroll Group Ltd (GLXG) has seen a -10.58% decrease in the past week, with a -26.25% drop in the past month, and a -47.75% fall in the past quarter. The volatility ratio for the week is 4.66%, and the volatility levels for the past 30 days are at 3.50% for GLXG. The simple moving average for the past 20 days is -16.54% for GLXG’s stock, with a -84.37% simple moving average for the past 200 days.
GLXG Trading at -23.14% from the 50-Day Moving Average
After a stumble in the market that brought GLXG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.30% of loss for the given period.
Stock Fundamentals for GLXG
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.47 for the gross margin
The net margin for Galaxy Payroll Group Ltd stands at -0.16. The total capital return value is set at -0.08. Equity return is now at value -17.94, with -11.24 for asset returns.
Based on Galaxy Payroll Group Ltd (GLXG), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 3.72. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -73.75.
Currently, EBITDA for the company is 8.56 million with net debt to EBITDA at 11.88. When we switch over and look at the enterprise to sales, we see a ratio of 17.04. The receivables turnover for the company is 10.24for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.20.
Conclusion
In summary, Galaxy Payroll Group Ltd (GLXG) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
