X3 Holdings Co Ltd. (NASDAQ: XTKG) Stock: Bulls Should Check This

The trading price of X3 Holdings Co Ltd. (NASDAQ:XTKG) closed lower on Firday, October 25, and closing at $0.13, -9.61% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.1249 and $0.1426. In examining the 52-week price action we see that the stock hit a 52-week high of $1.64 and a 52-week low of $0.14. Over the past month, the stock has lost -32.16% in value.

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X3 Holdings Co Ltd., whose market valuation is $35.47 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. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.

On the technical side, indicators suggest XTKG 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 XTKG’s price is currently -26.95% off the SMA20 and -42.25% off the SMA50. The RSI metric on the 14-day chart is currently showing 18.64, and weekly volatility stands at 14.19%. When measured over the past 30 days, the indicator reaches 10.16%. X3 Holdings Co Ltd. (NASDAQ:XTKG)’s beta value is currently sitting at 1.50, while the Average True Range indicator is currently displaying 0.02.

To see how X3 Holdings Co Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: XTKG stock’s performance was -9.61% in the latest trading, and -75.21% in the past year.

An evaluation of the daily trading volume of X3 Holdings Co Ltd. (NASDAQ:XTKG) indicates that the 3-month average is 373.95K. However, this figure has increased over the past 10 days to an average of 0.77.

Currently, records show that 275.15 million of the company’s shares remain outstanding. The insiders hold 0.00% of outstanding shares, whereas institutions hold 0.18%. The stats also highlight that short interest as of 2024-10-15, stood at 36901.0 shares, resulting in a short ratio of 0.08 at that time. From this, we can conclude that short interest is 1.00 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 7736.0. However, since the stock’s price has seen -90.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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