Above Food Ingredients Inc (NASDAQ:ABVE) shares, rose in value on Thursday, November 21, with the stock price down by -8.37% to the previous day’s close as strong demand from buyers drove the stock to $0.61.
Actively observing the price movement in the last trading, the stock closed the session at $0.67, falling within a range of $0.582 and $0.69. The value of beta (5-year monthly) was -0.009. Referring to stock’s 52-week performance, its high was $13.50, and the low was $0.34. On the whole, ABVE has fluctuated by 15.93% over the past month.
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With the market capitalization of Above Food Ingredients Inc currently standing at about $17.02 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 ABVE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% 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 ABVE currently trading nearly 24.04% and 14.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.36, while the 7-day volatility ratio is showing 20.37% which for the 30-day chart, stands at 18.29%. Furthermore, Above Food Ingredients Inc (ABVE)’s beta value is 0.21, and its average true range (ATR) is 0.09.
A comparison of Above Food Ingredients Inc (ABVE) with its peers suggests the former has fared considerably weaker in the market. ABVE showed an intraday change of -8.37% in last session, and over the past year, it shrunk by -94.16%%.
Data on historical trading for Above Food Ingredients Inc (NASDAQ:ABVE) indicates that the trading volumes over the past 10 days have averaged 0.51 and over the past 3 months, they’ve averaged 132.28K. According to company’s latest data on outstanding shares, there are 5.64 million shares outstanding.
Above Food Ingredients Inc’s shares belong to company insiders and institutional investors own 2.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18487.0 shares as on 2024-10-31, resulting in a short ratio of 0.36. According to the data, the short interest in Above Food Ingredients Inc (ABVE) stood at 9.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 41586.0. The stock has fallen by -94.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ABVE stock heading into the next quarter.
