Premium Catering (Holdings) Ltd (NASDAQ:PC) shares, rose in value on Friday, November 22, with the stock price down by -0.48% to the previous day’s close as strong demand from buyers drove the stock to $0.71.
Actively observing the price movement in the last trading, the stock closed the session at $0.71, falling within a range of $0.7 and $0.78. Referring to stock’s 52-week performance, its high was $5.73, and the low was $0.60. On the whole, PC has fluctuated by -14.33% over the past month.
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With the market capitalization of Premium Catering (Holdings) Ltd currently standing at about $11.35 million, investors are eagerly awaiting this quarter’s results, scheduled for in December.
The stock’s technical analysis shows that the price of PC currently trading nearly -2.23% and -69.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.08, while the 7-day volatility ratio is showing 13.07% which for the 30-day chart, stands at 15.78%. Furthermore, Premium Catering (Holdings) Ltd (PC)’s average true range (ATR) is 0.27.
Data on historical trading for Premium Catering (Holdings) Ltd (NASDAQ:PC) indicates that the trading volumes over the past 10 days have averaged 0.12 and over the past 3 months, they’ve averaged 518.42K. According to company’s latest data on outstanding shares, there are 16.00 million shares outstanding.
Nearly 65.92% of Premium Catering (Holdings) Ltd’s shares belong to company insiders and institutional investors own 0.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.17 million shares as on 2024-10-31, resulting in a short ratio of 0.23. According to the data, the short interest in Premium Catering (Holdings) Ltd (PC) stood at 321.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 37990.0. The stock has fallen by -80.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PC stock heading into the next quarter.
