GBS Inc. (NASDAQ:GBS) Stock Could Be Worth Considering – Stocks Register
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GBS Inc. (NASDAQ:GBS) Stock Could Be Worth Considering

GBS Inc. (NASDAQ:GBS) price on Friday, October 08, fall -9.80% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.21.

A look at the stock’s price movement, the close in the last trading session was $2.45, moving within a range at $2.19 and $2.55. Turning to its 52-week performance, $14.24 and $2.20 were the 52-week high and 52-week low respectively. Overall, GBS moved -35.38% over the past month.


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GBS Inc.’s market cap currently stands at around $34.96 million.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s).

0 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend GBS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is – which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

GBS’s current price about -19.61% and -25.80% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.05, while 7-day volatility ratio is 9.12% and 7.81% in the 30-day chart. Further, GBS Inc. (GBS) has a beta value of 0, and an average true range (ATR) of 0.26.

In the market, a comparison of GBS Inc. (GBS) and its peers suggest the former has performed considerably weaker. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.19% and -0.03% respectively in the last trading.

If we refocus on GBS Inc. (NASDAQ:GBS), historical trading data shows that trading volumes averaged 0.25 million over the past 10 days and 944.08K over the past 3 months. The company’s latest data on shares outstanding shows there are 12.66 million shares.

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The 32.80% of GBS Inc.’s shares are in the hands of company insiders while institutional holders own 5.70% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.33 million on Aug 12, 2021, giving us a short ratio of 0.67. The data shows that as of Aug 12, 2021 short interest in GBS Inc. (GBS) stood at 2.66% of shares outstanding, with shares short falling to 0.41 million registered in Jul 14, 2021. Current price change has pushed the stock -70.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GBS stock continues to rise going into the next quarter.

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