Banzai International Inc (NASDAQ:BNZI) price on current trading day, rose 5.29% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.12.
A look at the stock’s price movement, the close in the last trading session was $0.12, moving within a range at $0.114 and $0.129. The beta value (5-Year monthly) was -0.621. Turning to its 52-week performance, $16.57 and $0.09 were the 52-week high and 52-week low respectively. Overall, BNZI moved -19.77% over the past month.
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Banzai International Inc’s market cap currently stands at around $4.63 million, with investors looking forward to this quarter’s earnings report slated for in September.
Analysts have a consensus estimate of 1.17M for the company’s revenue for the quarter, with a low and high estimate of 1.17M and 1.17M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BNZI is a 100% 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.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend BNZI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BNZI’s current price about -2.99% and -17.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.06, while 7-day volatility ratio is 9.54% and 14.02% in the 30-day chart. Further, Banzai International Inc (BNZI) has a beta value of -0.62, and an average true range (ATR) of 0.02.
If we refocus on Banzai International Inc (NASDAQ:BNZI), historical trading data shows that trading volumes averaged 1.15 over the past 10 days and 4.42 million over the past 3 months. The company’s latest data on shares outstanding shows there are 37.53 million shares.
The 46.07% of Banzai International Inc’s shares are in the hands of company insiders while institutional holders own 5.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.28 million on 2024-07-31, giving us a short ratio of 0.23. The data shows that as of 2024-07-31 short interest in Banzai International Inc (BNZI) stood at 165.0 of shares outstanding, with shares short falling to 0.59 million registered in 2024-06-28. Current price change has pushed the stock -93.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BNZI stock continues to rise going into the next quarter.
