Northann Corp (AMEX:NCL) price on Friday, November 15, rose 15.98% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.27.
A look at the stock’s price movement, the close in the last trading session was $0.23, moving within a range at $0.23 and $0.369. Turning to its 52-week performance, $18.14 and $0.15 were the 52-week high and 52-week low respectively. Overall, NCL moved 49.83% over the past month.
Northann Corp’s market cap currently stands at around $7.83 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 NCL is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
NCL’s current price about 19.83% and 39.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.09, while 7-day volatility ratio is 36.93% and 23.52% in the 30-day chart. Further, Northann Corp (NCL) has a beta value of -0.91, and an average true range (ATR) of 0.07.
If we refocus on Northann Corp (AMEX:NCL), historical trading data shows that trading volumes averaged 34.75 over the past 10 days and 5.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 21.38 million shares.
The 49.80% of Northann Corp’s shares are in the hands of company insiders while institutional holders own 16.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.12 million on 2024-10-31, giving us a short ratio of 0.62. The data shows that as of 2024-10-31 short interest in Northann Corp (NCL) stood at 81.0 of shares outstanding, with shares short falling to 0.15 million registered in 2024-09-30. Current price change has pushed the stock -81.88% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NCL stock continues to rise going into the next quarter.
