The trading price of Carmell Corp (NASDAQ:CTCX) floating higher at last check on current market day and closing at $0.38, 13.12% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.362 and $0.4372. In examining the 52-week price action we see that the stock hit a 52-week high of $4.31 and a 52-week low of $0.29. Over the past month, the stock has lost -18.89% in value.
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Carmell Corp, whose market valuation is $7.97 million at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest CTCX 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.
A quick review shows that CTCX’s price is currently -1.64% off the SMA20 and -39.75% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.43, and weekly volatility stands at 21.84%. When measured over the past 30 days, the indicator reaches 19.19%. Carmell Corp (NASDAQ:CTCX)’s beta value is currently sitting at 0.30, while the Average True Range indicator is currently displaying 0.08.
To see how Carmell Corp stock has been performing today in comparison to its peers in the industry, here are the numbers: CTCX stock’s performance was 13.12% at last check in today’s session, and -89.42% in the past year.
An evaluation of the daily trading volume of Carmell Corp (NASDAQ:CTCX) indicates that the 3-month average is 64.76K. However, this figure has increased over the past 10 days to an average of 0.23.
Currently, records show that 23.09 million of the company’s shares remain outstanding. The insiders hold 35.59% of outstanding shares, whereas institutions hold 16.14%. The stats also highlight that short interest as of 2024-09-13, stood at 41287.0 shares, resulting in a short ratio of 0.84 at that time. From this, we can conclude that short interest is 27.00 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 58630.0. However, since the stock’s price has seen -89.99% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
