The trading price of Garden Stage Ltd (NASDAQ:GSIW) closed lower on current market day and closing at $1.68, -23.29% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.67 and $2.038. In examining the 52-week price action we see that the stock hit a 52-week high of $15.99 and a 52-week low of $1.04. Over the past month, the stock has lost -79.56% in value.
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Garden Stage Ltd, whose market valuation is $26.24 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 GSIW 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 GSIW’s price is currently -44.11% off the SMA20 and -70.54% off the SMA50. The RSI metric on the 14-day chart is currently showing 40.82, and weekly volatility stands at 26.89%. When measured over the past 30 days, the indicator reaches 76.01%. Garden Stage Ltd (NASDAQ:GSIW)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.10.
To see how Garden Stage Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: GSIW stock’s performance was -23.29% in the latest trading.
An evaluation of the daily trading volume of Garden Stage Ltd (NASDAQ:GSIW) indicates that the 3-month average is 3.44 million. However, this figure has increased over the past 10 days to an average of 9.53.
Currently, records show that 15.62 million of the company’s shares remain outstanding. The institutions hold 0.27%. The stats also highlight that short interest as of 2024-09-13, stood at 90121.0 shares, resulting in a short ratio of 0.35 at that time. From this, we can conclude that short interest is 217.00 of the company’s total outstanding shares. It is noteworthy that short shares in September were up slightly from the previous month’s figure, which was 37734.0. However, since the stock’s price has seen -78.46% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
