Crown LNG Holdings Ltd (NASDAQ: CGBS) Analysis: Is It The One You’re Looking For?

Crown LNG Holdings Ltd (NASDAQ:CGBS) traded at $0.31 at close of the session on Monday, November 04 and made an upward move of 15.79% on its previous day’s price.

Looking at the stock we see that its previous close was $0.27 and the beta (5Y monthly) reads -0.229 with the day’s price range being $0.2657 – $0.3186. In terms of its 52-week price range, CGBS has a high of $12.70 and a low of $0.25. The company’s stock has gained about 6.57% over that past 30 days.

Crown LNG Holdings Ltd has a market cap of $2.40 million and is expected to release its quarterly earnings report in December.

Looking further, we note the current price level is 7.43% off its SMA20 and -0.83% from its 50-day simple moving average. The RSI (14) is pointing at 47.35 while the volatility over the past week is 8.98% and jumps to 10.31% over the past one month. The beta value is -0.23, while the average true range (ATR) is currently pointing at 0.03.

Coming back to Crown LNG Holdings Ltd (NASDAQ:CGBS), we note that the average 3-month trading volume was 736.53K, while that of the preceding 10-day period stands at 0.52 million. Current shares outstanding are 2.21 million.

The insiders hold 84.60% of the company’s shares while institutions hold 6.78%. The data shows that short shares as of 2024-10-15, stood at 0.56 million at a short ratio of 0.91. This represents a 113.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 19853.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -97.23% down in year-to-date price movement.

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