The trading price of Jeffs Brands Ltd (NASDAQ:JFBR) floating higher at last check on current market day and closing at $0.30, 12.10% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $0.2901 and $0.4086. In examining the 52-week price action we see that the stock hit a 52-week high of $5.29 and a 52-week low of $0.17. Over the past month, the stock has gained 14.64% in value.
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Jeffs Brands Ltd, whose market valuation is $2.79 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 JFBR has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that JFBR’s price is currently 15.83% off the SMA20 and 21.73% off the SMA50. The RSI metric on the 14-day chart is currently showing 56.16, and weekly volatility stands at 17.29%. When measured over the past 30 days, the indicator reaches 15.41%. Jeffs Brands Ltd (NASDAQ:JFBR)’s beta value is currently sitting at 2.28, while the Average True Range indicator is currently displaying 0.05.
To see how Jeffs Brands Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: JFBR stock’s performance was 12.10% at last check in today’s session, and -87.62% in the past year.
An evaluation of the daily trading volume of Jeffs Brands Ltd (NASDAQ:JFBR) indicates that the 3-month average is 1.41 million. However, this figure has increased over the past 10 days to an average of 5.37.
Currently, records show that 9.18 million of the company’s shares remain outstanding. The insiders hold 27.19% of outstanding shares, whereas institutions hold 3.65%. The stats also highlight that short interest as of 2024-10-15, stood at 95391.0 shares, resulting in a short ratio of 0.07 at that time. From this, we can conclude that short interest is 114.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.11 million. However, since the stock’s price has seen -90.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
