The trading price of Northann Corp (AMEX:NCL) closed lower on current market day and closing at $0.29, -2.84% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.2762 and $0.309. In examining the 52-week price action we see that the stock hit a 52-week high of $18.14 and a 52-week low of $0.15. Over the past month, the stock has gained 59.16% in value.
Northann Corp, whose market valuation is $8.43 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 NCL 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% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that NCL’s price is currently 23.10% off the SMA20 and 46.40% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.07, and weekly volatility stands at 32.71%. When measured over the past 30 days, the indicator reaches 25.20%. Northann Corp (AMEX:NCL)’s beta value is currently sitting at -1.07, while the Average True Range indicator is currently displaying 0.07.
To see how Northann Corp stock has been performing in comparison to its peers in the industry, here are the numbers: NCL stock’s performance was -2.84% in the latest trading, and -97.31% in the past year.
An evaluation of the daily trading volume of Northann Corp (AMEX:NCL) indicates that the 3-month average is 6.03 million. However, this figure has increased over the past 10 days to an average of 38.06.
Currently, records show that 21.38 million of the company’s shares remain outstanding. The insiders hold 49.80% of outstanding shares, whereas institutions hold 16.19%. The stats also highlight that short interest as of 2024-10-31, stood at 0.12 million shares, resulting in a short ratio of 0.62 at that time. From this, we can conclude that short interest is 81.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 0.15 million. However, since the stock’s price has seen -80.46% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
