The trading price of Simpple Ltd (NASDAQ:SPPL) floating lower at last check on current market day and closing at $1.33, -4.33% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.27 and $1.56. In examining the 52-week price action we see that the stock hit a 52-week high of $9.68 and a 52-week low of $0.25. Over the past month, the stock has gained 278.86% in value.
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Simpple Ltd, whose market valuation is $21.57 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SPPL has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that SPPL’s price is currently 60.66% off the SMA20 and 139.14% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.59, and weekly volatility stands at 25.60%. When measured over the past 30 days, the indicator reaches 40.59%. Simpple Ltd (NASDAQ:SPPL)’s beta value is currently sitting at 3.48, while the Average True Range indicator is currently displaying 0.26.
To see how Simpple Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: SPPL stock’s performance was -4.33% at last check in today’s session, and -83.12% in the past year.
An evaluation of the daily trading volume of Simpple Ltd (NASDAQ:SPPL) indicates that the 3-month average is 10.95 million. However, this figure has increased over the past 10 days to an average of 29.89.
Currently, records show that 16.23 million of the company’s shares remain outstanding. The insiders hold 70.07% of outstanding shares, whereas institutions hold 0.14%. The stats also highlight that short interest as of 2024-10-31, stood at 42896.0 shares, resulting in a short ratio of 0.1 at that time. From this, we can conclude that short interest is 69.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 2842.0. However, since the stock’s price has seen -77.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
