The trading price of NiSun International Enterprise Development Group Co Ltd (NASDAQ:NISN) floating lower at last check on current market day and closing at $14.15, -26.23% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $11.39 and $21.9799. The company’s P/E ratio in the trailing 12-month period was 31.77, while its 5Y monthly beta was 1.21. In examining the 52-week price action we see that the stock hit a 52-week high of $22.55 and a 52-week low of $2.16. Over the past month, the stock has gained 14.48% in value.
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NiSun International Enterprise Development Group Co Ltd, whose market valuation is $56.88 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 NISN has a 50% Buy 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% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that NISN’s price is currently -11.77% off the SMA20 and 10.79% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.60, and weekly volatility stands at 15.41%. When measured over the past 30 days, the indicator reaches 13.21%. NiSun International Enterprise Development Group Co Ltd (NASDAQ:NISN)’s beta value is currently sitting at 1.20, while the Average True Range indicator is currently displaying 2.74.
To see how NiSun International Enterprise Development Group Co Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: NISN stock’s performance was -26.23% at last check in today’s session, and 509.91% in the past year. NiSun International Enterprise Development Group Co Ltd has a P/E ratio of 31.77.
An evaluation of the daily trading volume of NiSun International Enterprise Development Group Co Ltd (NASDAQ:NISN) indicates that the 3-month average is 231.54K. However, this figure has increased over the past 10 days to an average of 0.12.
Currently, records show that 4.01 million of the company’s shares remain outstanding. The insiders hold 26.93% of outstanding shares, whereas institutions hold 3.68%. The stats also highlight that short interest as of 2024-09-13, stood at 59740.0 shares, resulting in a short ratio of 0.83 at that time. From this, we can conclude that short interest is 201.00 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 83470.0. However, since the stock’s price has seen 253.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
