Simpple Ltd (SPPL): Be Patient, You Will Learn

Simpple Ltd (NASDAQ:SPPL) concluded the trading at $0.88 on Thursday, November 07, with a fall of -35.29% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $1.36 with its price kept floating in the range of $0.8525 and $1.32 on the day. Considering stock’s 52-week price range provides that SPPL hit a high price of $9.68 and saw its price falling to a low level of $0.25 during that period. Over a period of past 1-month, stock came adding 88.84% in its value.

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In contrast, when we review SPPL stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of Hold for it.

Digging deeper we become aware of the PEG ratio of the SPPL stock which is currently positioned at 0. It further provides that stock’s current price level is 65.48% away from its 20-day simple moving average and is 102.26% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 57.40 while volatility remained at 104.38% over the past week which changes to 39.14% when measuring it over the past month. Beta is valued at 4.98, while measure of average true range or ATR is currently at 0.21.

Having a second look at Simpple Ltd (NASDAQ:SPPL) provides that stock’s average daily trading volume for 3 months was 8.15 million, while it jumped to 51851850 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 16.23 million.

The percentage of outstanding shares held by the insiders is 70.07% while it is 0.08% for the institutional holders. The figures also indicate that as of 2024-10-15, number of stock’s short shares was 0.15 million which implies a short ratio of 0.4. This shows up a 247.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 2620.0 in the previous month. Subtraction of -85.11% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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