C3is Inc (CISS) Is A Possible Investment At Current Levels

C3is Inc (NASDAQ:CISS) price on Friday, May 31, rose 17.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.92.

A look at the stock’s price movement, the level at last check in today’s session was $1.64. The PE ratio in trailing twelve months stood at 0.01. Turning to its 52-week performance, $2000.00 and $1.11 were the 52-week high and 52-week low respectively. Overall, CISS moved 47.69% over the past month.

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C3is Inc’s market cap currently stands at around $11.17 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that CISS is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

CISS’s current price about 30.43% and -13.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.76, while 7-day volatility ratio is 11.98% and 10.52% in the 30-day chart. Further, C3is Inc (CISS) has a beta value of 0, and an average true range (ATR) of 0.27.

If we refocus on C3is Inc (NASDAQ:CISS), historical trading data shows that trading volumes averaged 1.58 million over the past 3 months.

The 23.08% of C3is Inc’s shares are in the hands of company insiders while institutional holders own 2.43% of the company’s shares. Current price change has pushed the stock -96.38% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CISS stock continues to rise going into the next quarter.

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