Virax Biolabs Group Ltd (NASDAQ:VRAX) traded at $4.55 at close of the session on current trade day and made a downward move of -2.36% on its previous day’s price.
Looking at the stock we see that its previous close was $4.66 and the beta (5Y monthly) reads 2.051 with the day’s price range being $4.13 – $4.9292. In terms of its 52-week price range, VRAX has a high of $9.00 and a low of $0.60. The company’s stock has gained about 302.65% over that past 30 days.
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Virax Biolabs Group Ltd has a market cap of $19.75 million and is expected to release its quarterly earnings report in October.
On the other hand, looking at the outlook for the VRAX stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Looking further, we note the current price level is 44.06% off its SMA20 and 129.81% from its 50-day simple moving average. The RSI (14) is pointing at 59.28 while the volatility over the past week is 28.10% and jumps to 35.15% over the past one month. The beta value is 2.05, while the average true range (ATR) is currently pointing at 1.12.
Coming back to Virax Biolabs Group Ltd (NASDAQ:VRAX), we note that the average 3-month trading volume was 5.49 million, while that of the preceding 10-day period stands at 15.19 million. Current shares outstanding are 4.34 million.
The insiders hold 12.19% of the company’s shares while institutions hold 1.63%. The data shows that short shares as of 2024-08-15, stood at 0.26 million at a short ratio of 0.68. This represents a 1273.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 41269.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 211.64% up in year-to-date price movement.
