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CEA Industries Inc. (NASDAQ: CEAD): What Matters Now

CEA Industries Inc. (NASDAQ:CEAD) shares, rose in value on Wednesday, 08/03/22, with the stock price up by 5.63% to the previous day’s close as strong demand from buyers drove the stock to $1.50.

Actively observing the price movement in the last trading, the stock closed the session at $1.42, falling within a range of $1.41 and $1.65. The value of beta (5-year monthly) was 1.08. Referring to stock’s 52-week performance, its high was $13.50, and the low was $0.95. On the whole, CEAD has fluctuated by 21.95% over the past month.

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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 CEAD’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 50% 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 CEAD currently trading nearly 3.73% and 17.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.03, while the 7-day volatility ratio is showing 12.53% which for the 30-day chart, stands at 10.51%. Furthermore, CEA Industries Inc. (CEAD)’s beta value is 1.10, and its average true range (ATR) is 0.16.

Data on historical trading for CEA Industries Inc. (NASDAQ:CEAD) indicates that the trading volumes over the past 10 days have averaged 0.48 million and over the past 3 months, they’ve averaged 1.66 million. According to company’s latest data on outstanding shares, there are 4.62 million shares outstanding.

Nearly 0.20% of CEA Industries Inc.’s shares belong to company insiders and institutional investors own 16.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.27 million shares as on Jul 14, 2022, resulting in a short ratio of 0.06. According to the data, the short interest in CEA Industries Inc. (CEAD) stood at 3.44% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 0.22 million. The stock has fallen by -69.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CEAD stock heading into the next quarter.

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