Guardion Health Sciences Inc. (NASDAQ:GHSI) shares, rose in value on Wednesday, 11/24/21, with the stock price up by 1.85% to the previous day’s close as strong demand from buyers drove the stock to $1.10.
Actively observing the price movement in the last trading, the stock closed the session at $1.08, falling within a range of $1.0426 and $1.10. The value of beta (5-year monthly) was 0.06. Referring to stock’s 52-week performance, its high was $8.40, and the low was $0.96. On the whole, GHSI has fluctuated by -6.78% over the past month.
With the market capitalization of Guardion Health Sciences Inc. currently standing at about $27.85 million, investors are eagerly awaiting this quarter’s results, scheduled for Nov 12, 2020.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GHSI’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GHSI currently trading nearly -16.13% and -8.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.15, while the 7-day volatility ratio is showing 7.54% which for the 30-day chart, stands at 10.11%. Furthermore, Guardion Health Sciences Inc. (GHSI)’s average true range (ATR) is 0.11.
Data on historical trading for Guardion Health Sciences Inc. (NASDAQ:GHSI) indicates that the trading volume over the past 3 months, they’ve averaged 2.10 million. According to company’s latest data on outstanding shares, there are 24.43 million shares outstanding.
Nearly 1.30% of Guardion Health Sciences Inc.’s shares belong to company insiders and institutional investors own 12.30% of the company’s shares. The stock has fallen by -55.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GHSI stock heading into the next quarter.