Bon Natural Life Ltd (NASDAQ:BON) price on current trading day, fall -9.66% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.31.
A look at the stock’s price movement, the level at last check in today’s session was $1.45, moving within a range at $1.23 and $1.42. The beta value (5-Year monthly) was -1.251 while the PE ratio in trailing twelve months stood at 2.93. Turning to its 52-week performance, $6.99 and $1.38 were the 52-week high and 52-week low respectively. Overall, BON moved -34.83% over the past month.
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Bon Natural Life Ltd’s market cap currently stands at around $1.82 million, with investors looking forward to this quarter’s earnings report slated for in October.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 34.03M, representing a 13.80% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BON 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.
BON’s current price about -29.93% and -35.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 19.75, while 7-day volatility ratio is 9.61% and 7.95% in the 30-day chart. Further, Bon Natural Life Ltd (BON) has a beta value of -1.20, and an average true range (ATR) of 0.14.
If we refocus on Bon Natural Life Ltd (NASDAQ:BON), historical trading data shows that trading volumes averaged 19190.0 over the past 10 days and 17.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 11.74 million shares.
The 18.74% of Bon Natural Life Ltd’s shares are in the hands of company insiders while institutional holders own 4.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10658.0 on 2024-08-15, giving us a short ratio of 1.27. The data shows that as of 2024-08-15 short interest in Bon Natural Life Ltd (BON) stood at 27.999999999999996 of shares outstanding, with shares short falling to 18832.0 registered in 2024-07-15. Current price change has pushed the stock -75.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BON stock continues to rise going into the next quarter.
