Is TC BioPharm (Holdings) plc ADR (NASDAQ: TCBP) A Suitable Stock For New Investors Now?

TC BioPharm (Holdings) plc ADR (NASDAQ:TCBP) price on Thursday, November 14, fall -29.57% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.65.

A look at the stock’s price movement, the close in the last trading session was $0.92, moving within a range at $0.6311 and $0.97. The beta value (5-Year monthly) was 0.249. Turning to its 52-week performance, $138.00 and $0.83 were the 52-week high and 52-week low respectively. Overall, TCBP moved -87.23% over the past month.

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TC BioPharm (Holdings) plc ADR’s market cap currently stands at around $0.21 million, with investors looking forward to this quarter’s earnings report slated for in December.

Turning to the stock’s technical picture we see that short term indicators suggest on average that TCBP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

TCBP’s current price about -60.59% and -84.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 22.21, while 7-day volatility ratio is 24.26% and 28.50% in the 30-day chart. Further, TC BioPharm (Holdings) plc ADR (TCBP) has a beta value of 0.19, and an average true range (ATR) of 0.44.

If we refocus on TC BioPharm (Holdings) plc ADR (NASDAQ:TCBP), historical trading data shows that trading volumes averaged 0.54 over the past 10 days and 723.61K over the past 3 months. The company’s latest data on shares outstanding shows there are 0.10 million shares.

Also important is the data on short interest which shows that short shares stood at 64929.0 on 2024-10-31, giving us a short ratio of 0.05. The data shows that as of 2024-10-31 short interest in TC BioPharm (Holdings) plc ADR (TCBP) stood at 1185.0 of shares outstanding, with shares short rising to 19179.0 registered in 2024-09-30. Current price change has pushed the stock -97.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TCBP stock continues to rise going into the next quarter.

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