The trading price of Banzai International Inc (NASDAQ:BNZI) floating higher at last check on current market day and closing at $5.39, 95.29% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $4.83 and $6.89. In examining the 52-week price action we see that the stock hit a 52-week high of $828.50 and a 52-week low of $2.42. Over the past month, the stock has gained 28.03% in value.
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Banzai International Inc, whose market valuation is $17.41 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-18. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -4.5 per share this quarter, however they have predicted annual earnings per share of -25.5 for current year and -15.0 for next year.
Analysts have forecast the company to bring in revenue of 1.2M for the current quarter, with the likely lows of 1.2M and highs of 1.2M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 5.51M.
On the technical side, indicators suggest BNZI has a 50% 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 50% 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 18.54% off the SMA20 and 7.11% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.40, and weekly volatility stands at 17.64%. When measured over the past 30 days, the indicator reaches 24.16%. Banzai International Inc (NASDAQ:BNZI)’s beta value is currently sitting at -0.58, while the Average True Range indicator is currently displaying 1.37.
To see how Banzai International Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: BNZI stock’s performance was 95.29% at last check in today’s session, and -98.98% in the past year.
An evaluation of the daily trading volume of Banzai International Inc (NASDAQ:BNZI) indicates that the 3-month average is 2.08 million. However, this figure has increased over the past 10 days to an average of 0.69.
Currently, records show that 3.23 million of the company’s shares remain outstanding. The insiders hold 80.10% of outstanding shares, whereas institutions hold 1.17%. The stats also highlight that short interest as of 2024-09-13, stood at 12775.0 shares, resulting in a short ratio of 0.28 at that time. From this, we can conclude that short interest is 231.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were down slightly from the previous month’s figure, which was 25069.0. However, since the stock’s price has seen -94.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
