The trading price of CPS Technologies Corporation (NASDAQ:CPSH) closed higher on Tuesday, Jan 12, closing at $3.2, 113.75% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $3.10 and $7.60. The company’s P/E ratio in the trailing 12-month period was 61.07, while its 5Y monthly beta was 1.67. In examining the 52-week price action we see that the stock hit a 52-week high of $3.94 and a 52-week low of $0.88. Over the past month, the stock has gained 186.19% in value.
On the technical side, indicators suggest CPSH has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
To see how CPS Technologies Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: CPSH stock’s performance was +113.75% in the latest trading, and +565.69% in the past year, while Te Connectivity Ltd (TEL) has traded -0.72% on the day and positioned +32.28% higher than it was a year ago. Another comparable company Universal Display (OLED) saw its stock close 1.09% higher in the most recent trading session but was up +13.29% in a year. Furthermore, Ballard Power Sys (BLDP) showed an increase of 113.75% on the day while its price kept rising at 565.69% over the past year. CPS Technologies Corporation has a P/E ratio of 61.07, compared to Te Connectivity Ltd’s 0 and Universal Display’s 111.04. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of CPS Technologies Corporation (NASDAQ:CPSH) indicates that the 3-month average is 438.56 Million. However, this figure has increased over the past 10 days to an average of 673.85 Million.
Currently, records show that 13.3 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 38.73% of outstanding shares, whereas institutions hold 6.07%. The stats also highlight that short interest as of December 14, 2020, stood at 67.85 Million shares, resulting in a short ratio of 0.12 at that time. From this, we can conclude that short interest is 0.51% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 19.8 Million. However, since the stock’s price has seen +146.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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