Turbo Energy S.A. ADR (NASDAQ:TURB) shares, rose in value on Friday, October 11, with the stock price down by -17.49% to the previous day’s close as strong demand from buyers drove the stock to $2.50.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.03, falling within a range of $2.42 and $4.15. Referring to stock’s 52-week performance, its high was $3.35, and the low was $0.86. On the whole, TURB has fluctuated by 91.57% over the past month.
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With the market capitalization of Turbo Energy S.A. ADR currently standing at about $27.55 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TURB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The price of TURB currently trading nearly 53.22% and 68.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.80, while the 7-day volatility ratio is showing 42.56% which for the 30-day chart, stands at 15.29%. Furthermore, Turbo Energy S.A. ADR (TURB)’s beta value is 1.60, and its average true range (ATR) is 0.42.
A comparison of Turbo Energy S.A. ADR (TURB) with its peers suggests the former has fared considerably weaker in the market. TURB showed an intraday change of -17.49% in today’s session so far, and over the past year, it grew by 17.37%%.
Data on historical trading for Turbo Energy S.A. ADR (NASDAQ:TURB) indicates that the trading volumes over the past 10 days have averaged 1.33 and over the past 3 months, they’ve averaged 219.86K. According to company’s latest data on outstanding shares, there are 11.02 million shares outstanding.
Turbo Energy S.A. ADR’s shares belong to company insiders and institutional investors own 0.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9844.0 shares as on 2024-09-30, resulting in a short ratio of 1.02. According to the data, the short interest in Turbo Energy S.A. ADR (TURB) stood at 98.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 12087.0. The stock has risen by 110.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TURB stock heading into the next quarter.
