MDJM Ltd (NASDAQ:MDJH) shares, rose in value on Wednesday, 08/03/22, with the stock price down by -26.92% to the previous day’s close as strong demand from buyers drove the stock to $2.50.
Actively observing the price movement in the last trading, the stock closed the session at $3.42, falling within a range of $1.90 and $3.39. The value of beta (5-year monthly) was -0.31. Referring to stock’s 52-week performance, its high was $7.58, and the low was $1.31. On the whole, MDJH has fluctuated by 11.61% over the past month.
With the market capitalization of MDJM Ltd currently standing at about $30.72 million, investors are eagerly awaiting this quarter’s results, scheduled for Oct 15, 2021.
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 MDJH’s technical picture suggests that short-term indicators denote the stock is a 50% Buy 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of MDJH currently trading nearly 19.76% and 32.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.64, while the 7-day volatility ratio is showing 39.43% which for the 30-day chart, stands at 19.35%. Furthermore, MDJM Ltd (MDJH)’s beta value is -0.41, and its average true range (ATR) is 0.47.
Data on historical trading for MDJM Ltd (NASDAQ:MDJH) indicates that the trading volumes over the past 10 days have averaged 0.18 million and over the past 3 months, they’ve averaged 114.05K. According to company’s latest data on outstanding shares, there are 11.68 million shares outstanding.
Nearly 87.54% of MDJM Ltd’s shares belong to company insiders and institutional investors own 0.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34510.0 shares as on Jul 14, 2022, resulting in a short ratio of 0.16. According to the data, the short interest in MDJM Ltd (MDJH) stood at 0.30% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 136.0. The stock has risen by 40.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MDJH stock heading into the next quarter.