MicroAlgo Surges to 357th in Daily Rankings with $237 Million Turnover Despite Stock Price Decline

On April 28, 2025, MicroAlgo (MLGO) experienced a significant surge in trading volume, with a turnover of $237 million, marking a 749.41% increase from the previous day. This surge placed MicroAlgo at the 357th position in the daily stock market rankings. However, the stock price has been on a downward trend, falling 10.23% and marking its fifth consecutive day of decline, with a total drop of 40.05% over the past five days.

MicroAlgo's recent financial performance has been a key driver of its stock price movements. The company reported a notable turnaround in its 2024 financial results, swinging to a profit from a loss the previous year. This shift is largely attributed to the company's strategic focus on its central processing algorithm services, which accounted for 100% of its revenues in 2024. The company reported total revenues of RMB 541.5 million (USD 75.3 million) and a net income of RMB 53.4 million (USD 7.3 million), a significant improvement from the previous year's net loss of RMB 266.2 million and RMB 46.54 million in 2022.

MicroAlgo's strong financial performance has also been reflected in its cash position, with cash surging to $144 million. This financial strength has been a positive factor for investors, contributing to the stock's recent gains. The company's strategic shift away from its intelligent chips and services segment has proven to be a successful move, driving its central processing algorithm services to new heights.