C3is Inc (NASDAQ:CISS) shares, rose in value on Wednesday, November 20, with price down by -16.32% to the previous day’s close as strong demand from buyers drove the stock to $0.82.
Actively observing the price movement in the last trading, the stock closed the session at $0.98, falling within a range of $0.82 and $0.9698. The PE ratio was 0.01 over 12-month period. Referring to stock’s 52-week performance, its high was $68.49, and the low was $0.96. On the whole, CISS has fluctuated by -31.08% over the past month.
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With the market capitalization of C3is Inc currently standing at about $8.41 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CISS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CISS currently trading nearly -27.55% and -28.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 21.17, while the 7-day volatility ratio is showing 11.18% which for the 30-day chart, stands at 6.34%. Furthermore, C3is Inc (CISS)’s beta value is 2.48, and its average true range (ATR) is 0.07.
A comparison of C3is Inc (CISS) with its peers suggests the former has fared considerably weaker in the market. CISS showed an intraday change of -16.32% in last session, and over the past year, it shrunk by -98.41%%.
Data on historical trading for C3is Inc (NASDAQ:CISS) indicates that the trading volumes over the past 10 days have averaged 0.25 and over the past 3 months, they’ve averaged 183.89K.
Nearly 20.26% of C3is Inc’s shares belong to company insiders and institutional investors own 3.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.46 million shares as on 2024-10-31, resulting in a short ratio of 3.6. According to the data, the short interest in C3is Inc (CISS) stood at 450.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 0.65 million. The stock has fallen by -98.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CISS stock heading into the next quarter.
