The trading price of Turbo Energy S.A. ADR (NASDAQ:TURB) floating lower at last check on current market day and closing at $2.10, -23.36% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.9401 and $2.81. In examining the 52-week price action we see that the stock hit a 52-week high of $2.80 and a 52-week low of $0.86. Over the past month, the stock has gained 61.54% in value.
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Turbo Energy S.A. ADR, whose market valuation is $23.14 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 TURB has a 100% 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 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that TURB’s price is currently 43.29% off the SMA20 and 48.62% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.30, and weekly volatility stands at 24.13%. When measured over the past 30 days, the indicator reaches 11.42%. Turbo Energy S.A. ADR (NASDAQ:TURB)’s beta value is currently sitting at 1.55, while the Average True Range indicator is currently displaying 0.25.
To see how Turbo Energy S.A. ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: TURB stock’s performance was -23.36% at last check in today’s session, and -1.87% in the past year.
An evaluation of the daily trading volume of Turbo Energy S.A. ADR (NASDAQ:TURB) indicates that the 3-month average is 135.15K. However, this figure has increased over the past 10 days to an average of 0.75.
Currently, records show that 11.02 million of the company’s shares remain outstanding. The institutions hold 0.53%. The stats also highlight that short interest as of 2024-09-13, stood at 15735.0 shares, resulting in a short ratio of 1.2 at that time. From this, we can conclude that short interest is 157.00 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 21611.0. However, since the stock’s price has seen 76.47% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
