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Pintec Technology Holdings Limited (NASDAQ: PT): A Great Stock To Watch

Pintec Technology Holdings Limited (NASDAQ:PT) shares, rose in value on Friday, 08/05/22, with the stock price down by -11.48% to the previous day’s close as strong demand from buyers drove the stock to $1.08.

Actively observing the price movement in the last trading, the stock closed the session at $1.22, falling within a range of $1.02 and $1.25. The value of beta (5-year monthly) was -0.22. Referring to stock’s 52-week performance, its high was $7.10, and the low was $0.80. On the whole, PT has fluctuated by 5.29% over the past month.

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With the market capitalization of Pintec Technology Holdings Limited currently standing at about $9.31 million, investors are eagerly awaiting this quarter’s results, scheduled for Oct 26, 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 PT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 PT currently trading nearly 10.41% and -26.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.06, while the 7-day volatility ratio is showing 23.70% which for the 30-day chart, stands at 17.32%. Furthermore, Pintec Technology Holdings Limited (PT)’s beta value is -0.35, and its average true range (ATR) is 0.18.

Data on historical trading for Pintec Technology Holdings Limited (NASDAQ:PT) indicates that the trading volumes over the past 10 days have averaged 0.14 million and over the past 3 months, they’ve averaged 46.87K. According to company’s latest data on outstanding shares, there are 43.34 million shares outstanding.

Nearly 6.78% of Pintec Technology Holdings Limited’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 25980.0 shares as on Jul 14, 2022, resulting in a short ratio of 1.06. According to the data, the short interest in Pintec Technology Holdings Limited (PT) stood at 0.30% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 29930.0. The stock has fallen by -51.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PT stock heading into the next quarter.

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