The trading price of Galaxy Payroll Group Ltd (NASDAQ:GLXG) closed higher on Firday, October 25, and closing at $12.90, 11.11% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $11.2 and $13.215. The company’s P/E ratio in the trailing 12-month period was 1816.90. In examining the 52-week price action we see that the stock hit a 52-week high of $13.89 and a 52-week low of $3.83. Over the past month, the stock has gained 116.44% in value.
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Galaxy Payroll Group Ltd, whose market valuation is $228.97 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.
A quick review shows that GLXG’s price is currently 38.00% off the SMA20 and 63.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 82.88, and weekly volatility stands at 12.02%. When measured over the past 30 days, the indicator reaches 15.86%. Galaxy Payroll Group Ltd (NASDAQ:GLXG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 1.36.
To see how Galaxy Payroll Group Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: GLXG stock’s performance was 11.11% in the latest trading. Galaxy Payroll Group Ltd has a P/E ratio of 1816.90.
An evaluation of the daily trading volume of Galaxy Payroll Group Ltd (NASDAQ:GLXG) indicates that the 3-month average is 600.66K. However, this figure has increased over the past 10 days to an average of 0.45.
Currently, records show that 17.75 million of the company’s shares remain outstanding. The stats also highlight that short interest as of 2024-10-15, stood at 61171.0 shares, resulting in a short ratio of 0.11 at that time. From this, we can conclude that short interest is 58.00 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 51966.0. However, since the stock’s price has seen 189.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
