Universal Security Instruments, Inc (AMEX:UUU) shares, rose in value, with the stock price up by 37.92% to the previous day’s close as strong demand from buyers drove the stock to $2.00.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.45, falling within a range of $1.75 and $2.35. The value of beta (5-year monthly) is 0.856. Referring to stock’s 52-week performance, its high was $5.20, and the low was $1.11. On the whole, UUU has fluctuated by 73.32% over the past month.
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With the market capitalization of Universal Security Instruments, Inc currently standing at about $4.62 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 UUU’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% Buy.
The stock’s technical analysis shows that the price of UUU currently trading nearly 50.23% and 59.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 79.64, while the 7-day volatility ratio is showing 20.02% which for the 30-day chart, stands at 10.66%. Furthermore, Universal Security Instruments, Inc (UUU)’s beta value is 0.86, and its average true range (ATR) is 0.20.
A comparison of Universal Security Instruments, Inc (UUU) with its peers suggests the former has fared considerably weaker in the market. UUU showed an intraday change of 37.92% in today’s session so far, and over the past year, it shrunk by -50.25%%.
Data on historical trading for Universal Security Instruments, Inc (AMEX:UUU) indicates that the trading volumes over the past 10 days have averaged 0.68 and over the past 3 months, they’ve averaged 144.63K. According to company’s latest data on outstanding shares, there are 2.31 million shares outstanding.
Nearly 10.71% of Universal Security Instruments, Inc’s shares belong to company insiders and institutional investors own 11.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 68421.0 shares as on 2024-10-15, resulting in a short ratio of 1.26. According to the data, the short interest in Universal Security Instruments, Inc (UUU) stood at 331.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 66101.0. The stock has risen by 20.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UUU stock heading into the next quarter.
