Shineco Inc (NASDAQ:SISI) price on Thursday, July 11, fall -14.86% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.12.
A look at the stock’s price movement, the close in the last trading session was $2.49. Turning to its 52-week performance, $4.90 and $0.61 were the 52-week high and 52-week low respectively. Overall, SISI moved -36.24% over the past month.
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Shineco Inc’s market cap currently stands at around $13.67 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SISI is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
SISI’s current price about -36.25% and -0.23% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.54, while 7-day volatility ratio is 46.70% and 30.06% in the 30-day chart. Further, Shineco Inc (SISI) has a beta value of -0.02, and an average true range (ATR) of 0.82.
If we refocus on Shineco Inc (NASDAQ:SISI), historical trading data shows that trading volumes averaged 414.66K over the past 3 months. The company’s latest data on shares outstanding shows there are 26.39 million shares.
The 0.26% of Shineco Inc’s shares are in the hands of company insiders while institutional holders own 0.87% of the company’s shares. Current price change has pushed the stock 88.28% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SISI stock continues to rise going into the next quarter.