Banzai International Inc (NASDAQ:BNZI) shares, rose in value, with the stock price down by -12.97% to the previous day’s close as strong demand from buyers drove the stock to $4.43.
Actively observing the price movement in the last trading, the stock closed the session at $5.09, falling within a range of $4.22 and $5.05. The value of beta (5-year monthly) was -0.629. Referring to stock’s 52-week performance, its high was $828.50, and the low was $2.42. On the whole, BNZI has fluctuated by 14.18% over the past month.
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With the market capitalization of Banzai International Inc currently standing at about $14.31 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-18.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.51M, with a low estimate of 1.2M and a high estimate of 1.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.2M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BNZI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BNZI currently trading nearly -3.92% and -10.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.68, while the 7-day volatility ratio is showing 25.97% which for the 30-day chart, stands at 26.81%. Furthermore, Banzai International Inc (BNZI)’s beta value is -0.64, and its average true range (ATR) is 1.28.
A comparison of Banzai International Inc (BNZI) with its peers suggests the former has fared considerably weaker in the market. BNZI showed an intraday change of -12.97% in last session, and over the past year, it shrunk by -99.16%%.
Data on historical trading for Banzai International Inc (NASDAQ:BNZI) indicates that the trading volumes over the past 10 days have averaged 4.16 and over the past 3 months, they’ve averaged 2.67 million. According to company’s latest data on outstanding shares, there are 3.23 million shares outstanding.
Nearly 76.92% of Banzai International Inc’s shares belong to company insiders and institutional investors own 1.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.13 million shares as on 2024-09-30, resulting in a short ratio of 0.02. According to the data, the short interest in Banzai International Inc (BNZI) stood at 572.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 28236.0. The stock has fallen by -95.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BNZI stock heading into the next quarter.
