Analysts Update Their Estimates For Baiyu Holdings Inc

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Baiyu Holdings Inc (NASDAQ:BYU) concluded the trading at $0.26 on current market day with a rise of 1.81% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $0.26 and 5Y monthly beta was reading 0.482 with its price kept floating in the range of $0.249 and $0.28 on the day. Company’s P/E ratio for the trailing 12 months is 0.67. Considering stock’s 52-week price range provides that BYU hit a high price of $6.38 and saw its price falling to a low level of $0.23 during that period. Over a period of past 1-month, stock came subtracting -82.75% in its value.

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In contrast, when we review BYU stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 50% Sell for it.

Digging deeper we become aware of the PEG ratio of the BYU stock which is currently positioned at 0. It further provides that stock’s current price level is -89.01% away from its 20-day simple moving average and is -84.56% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 33.94 while volatility remained at 15.04% over the past week which changes to 55.21% when measuring it over the past month. Beta is valued at 0.46, while measure of average true range or ATR is currently at 0.52.

Having a second look at Baiyu Holdings Inc (NASDAQ:BYU) provides that stock’s average daily trading volume for 3 months was 2.17 million, while it jumped to 4792310 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 19.34 million.

The percentage of outstanding shares held by the insiders is 62.06% while it is 0.16% for the institutional holders. The figures also indicate that as of 2024-09-30, number of stock’s short shares was 1.2 million which implies a short ratio of 0.77. This shows up a 260.00 of Short Interest in company’s outstanding shares on the day. In September the standing of shares short improved as it was 0.53 million in the previous month. Subtraction of -83.90% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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