The trading price of Global Mofy AI Ltd. (NASDAQ:GMM) floating higher at last check on current market day and closing at $0.45, 28.80% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.422 and $0.7. The company’s P/E ratio in the trailing 12-month period was 0.76. In examining the 52-week price action we see that the stock hit a 52-week high of $15.47 and a 52-week low of $0.32. Over the past month, the stock has lost -34.64% in value.
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Global Mofy AI Ltd., whose market valuation is $12.93 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 GMM has a 100% Sell 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% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that GMM’s price is currently -11.35% off the SMA20 and -38.04% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.65, and weekly volatility stands at 11.21%. When measured over the past 30 days, the indicator reaches 11.98%. Global Mofy AI Ltd. (NASDAQ:GMM)’s beta value is currently sitting at -4.24, while the Average True Range indicator is currently displaying 0.08.
To see how Global Mofy AI Ltd. stock has been performing today in comparison to its peers in the industry, here are the numbers: GMM stock’s performance was 28.80% at last check in today’s session, and -95.23% in the past year. Global Mofy AI Ltd. has a P/E ratio of 0.76.
An evaluation of the daily trading volume of Global Mofy AI Ltd. (NASDAQ:GMM) indicates that the 3-month average is 620.79K. However, this figure has increased over the past 10 days to an average of 0.56.
Currently, records show that 25.93 million of the company’s shares remain outstanding. The insiders hold 61.33% of outstanding shares, whereas institutions hold 0.41%. The stats also highlight that short interest as of 2024-10-15, stood at 0.57 million shares, resulting in a short ratio of 0.7 at that time. From this, we can conclude that short interest is 287.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 0.32 million. However, since the stock’s price has seen -91.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
