Crown ElectroKinetics Corp (NASDAQ: CRKN): Moving Toward A Higher Share Price

Crown ElectroKinetics Corp (NASDAQ:CRKN) shares, rose in value, with the stock price down by -13.11% to the previous day’s close as strong demand from buyers drove the stock to $0.89.

Actively observing the price movement in the last trading, the stock closed the session at $1.02, falling within a range of $0.8038 and $1.0174. The value of beta (5-year monthly) was 1.237. Referring to stock’s 52-week performance, its high was $90.00, and the low was $1.00. On the whole, CRKN has fluctuated by -26.75% over the past month.

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With the market capitalization of Crown ElectroKinetics Corp currently standing at about $6.69 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRKN’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the price of CRKN currently trading nearly -25.91% and -34.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.12, while the 7-day volatility ratio is showing 17.48% which for the 30-day chart, stands at 10.81%. Furthermore, Crown ElectroKinetics Corp (CRKN)’s beta value is 1.24, and its average true range (ATR) is 0.15.

A comparison of Crown ElectroKinetics Corp (CRKN) with its peers suggests the former has fared considerably weaker in the market. CRKN showed an intraday change of -13.11% in last session, and over the past year, it shrunk by -97.58%%.

Data on historical trading for Crown ElectroKinetics Corp (NASDAQ:CRKN) indicates that the trading volumes over the past 10 days have averaged 1.36 and over the past 3 months, they’ve averaged 2.01 million. According to company’s latest data on outstanding shares, there are 7.55 million shares outstanding.

Nearly 0.80% of Crown ElectroKinetics Corp’s shares belong to company insiders and institutional investors own 0.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.66 million shares as on 2024-10-15, resulting in a short ratio of 0.18. According to the data, the short interest in Crown ElectroKinetics Corp (CRKN) stood at 869.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.33 million. The stock has fallen by -95.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRKN stock heading into the next quarter.

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