FOXO Technologies Inc (AMEX: FOXO) Continues To Point Downwards

FOXO Technologies Inc (AMEX:FOXO) price closed higher on Tuesday, November 12, and jumping 35.25% above its previous close.

A look at the daily price movement shows that the last close reads $0.69, with intraday deals fluctuated between $0.7851 and $1.3. The company’s 5Y monthly beta was ticking 2.056. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.06 and 52-week low of $0.13. The stock added 446.51% on its value in the past month.

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FOXO Technologies Inc, which has a market valuation of $12.81 million, is expected to release its quarterly earnings report in December.

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give FOXO a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.

The overview shows that FOXO’s price is at present 239.66% off the SMA20 and 333.87% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.99, with weekly volatility standing at 126.64%. The indicator jumps to 38.02% when calculated based on the past 30 days. FOXO Technologies Inc (AMEX:FOXO)’s beta value is holding at 3.81, while the average true range (ATR) indicator is currently reading 0.20.

An analysis of the FOXO Technologies Inc (AMEX:FOXO) stock in terms of its daily trading volume indicates that the 3-month average is 37.97 million. However, this figure increases on the past 10-day timeline to an average of 245.71 million.

Current records show that the company has 13.63M in outstanding shares. The insiders’ percentage holdings are 15.44% of outstanding shares while the percentage share held by institutions stands at 2.18%. The stats also highlight that short interest as of 2024-10-15, stood at 48465.0 shares, which puts the short ratio at the time at 0.3. From this we can glean that short interest is 39.00 of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 0.19 million. But the 194.03% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

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