The trading price of Banzai International Inc (NASDAQ:BNZI) closed lower on current market day and closing at $0.11, -8.42% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.1022 and $0.1257. In examining the 52-week price action we see that the stock hit a 52-week high of $16.57 and a 52-week low of $0.09. Over the past month, the stock has lost -30.18% in value.
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Banzai International Inc, whose market valuation is $4.12 million at the time of this writing, is expected to release its quarterly earnings report in September. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.13 per share this quarter, however they have predicted annual earnings per share of -0.49 for current year and -0.3 for next year.
Analysts have forecast the company to bring in revenue of 1.17M for the current quarter, with the likely lows of 1.17M and highs of 1.17M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 6.01M.
On the technical side, indicators suggest BNZI has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned BNZI a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Banzai International Inc (BNZI) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that BNZI’s price is currently -8.36% off the SMA20 and -24.34% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.44, and weekly volatility stands at 15.77%. When measured over the past 30 days, the indicator reaches 15.45%. Banzai International Inc (NASDAQ:BNZI)’s beta value is currently sitting at -0.62, while the Average True Range indicator is currently displaying 0.02.
To see how Banzai International Inc stock has been performing in comparison to its peers in the industry, here are the numbers: BNZI stock’s performance was -8.42% in the latest trading, and -98.95% in the past year.
An evaluation of the daily trading volume of Banzai International Inc (NASDAQ:BNZI) indicates that the 3-month average is 4.26 million. However, this figure has increased over the past 10 days to an average of 1.03.
Currently, records show that 37.53 million of the company’s shares remain outstanding. The insiders hold 46.07% of outstanding shares, whereas institutions hold 5.05%. The stats also highlight that short interest as of 2024-07-31, stood at 0.28 million shares, resulting in a short ratio of 0.23 at that time. From this, we can conclude that short interest is 165.00 of the company’s total outstanding shares. It is noteworthy that short shares in July were down slightly from the previous month’s figure, which was 0.59 million. However, since the stock’s price has seen -94.15% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
