Unicycive Therapeutics Inc (NASDAQ:UNCY) shares, rose in value, with the stock price up by 5.83% to the previous day’s close as strong demand from buyers drove the stock to $0.51.
Actively observing the price movement in the last trading, the stock closed the session at $0.48, falling within a range of $0.4583 and $0.5249. The value of beta (5-year monthly) was 2.348. Referring to stock’s 52-week performance, its high was $1.82, and the low was $0.20. On the whole, UNCY has fluctuated by 35.10% over the past month.
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With the market capitalization of Unicycive Therapeutics Inc currently standing at about $48.12 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Aug-14.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UNCY’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of UNCY currently trading nearly 23.77% and 29.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.58, while the 7-day volatility ratio is showing 12.77% which for the 30-day chart, stands at 9.25%. Furthermore, Unicycive Therapeutics Inc (UNCY)’s beta value is 2.35, and its average true range (ATR) is 0.04.
A comparison of Unicycive Therapeutics Inc (UNCY) with its peers suggests the former has fared considerably weaker in the market. UNCY showed an intraday change of 5.83% in last session, and over the past year, it shrunk by -16.71%%.
Data on historical trading for Unicycive Therapeutics Inc (NASDAQ:UNCY) indicates that the trading volumes over the past 10 days have averaged 1.6 and over the past 3 months, they’ve averaged 2.25 million. According to company’s latest data on outstanding shares, there are 94.36 million shares outstanding.
Nearly 10.41% of Unicycive Therapeutics Inc’s shares belong to company insiders and institutional investors own 35.89% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.05 million shares as on 2024-10-15, resulting in a short ratio of 0.68. According to the data, the short interest in Unicycive Therapeutics Inc (UNCY) stood at 120.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.38 million. The stock has fallen by -41.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UNCY stock heading into the next quarter.
