ENDRA Life Sciences Inc’s (NASDAQ:NDRA) Stock Price Plummets -99.74% This Year: A Look At Likely Future Paths

ENDRA Life Sciences Inc (NASDAQ:NDRA) price on Friday, October 25, fall -7.25% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.28.

A look at the stock’s price movement, the close in the last trading session was $0.30, moving within a range at $0.261 and $0.3149. The beta value (5-Year monthly) was 0.788. Turning to its 52-week performance, $139.50 and $0.18 were the 52-week high and 52-week low respectively. Overall, NDRA moved 36.45% over the past month.

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ENDRA Life Sciences Inc’s market cap currently stands at around $5.08 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-12.

Turning to the stock’s technical picture we see that short term indicators suggest on average that NDRA is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend NDRA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

NDRA’s current price about 21.11% and -19.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.22, while 7-day volatility ratio is 59.24% and 19.75% in the 30-day chart. Further, ENDRA Life Sciences Inc (NDRA) has a beta value of 0.77, and an average true range (ATR) of 0.08.

If we refocus on ENDRA Life Sciences Inc (NASDAQ:NDRA), historical trading data shows that trading volumes averaged 41.04 over the past 10 days and 9.90 million over the past 3 months. The company’s latest data on shares outstanding shows there are 18.14 million shares.

The 0.02% of ENDRA Life Sciences Inc’s shares are in the hands of company insiders while institutional holders own 1.15% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.27 million on 2024-09-30, giving us a short ratio of 0.13. The data shows that as of 2024-09-30 short interest in ENDRA Life Sciences Inc (NDRA) stood at 148.0 of shares outstanding, with shares short rising to 0.18 million registered in 2024-08-30. Current price change has pushed the stock -99.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NDRA stock continues to rise going into the next quarter.

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