JE Cleantech Holdings Ltd (NASDAQ:JCSE) price closed higher on Monday,December 02, and jumping 50.42% above its previous close.
A look at the daily price movement shows that the last close reads $1.19, with intraday deals fluctuated between $1.33 and $2.0699. The company’s 5Y monthly beta was ticking -0.289 while its P/E ratio in the trailing 12-month period read 14.41. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.39 and 52-week low of $0.60. The stock added 59.82% on its value in the past month.
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JE Cleantech Holdings Ltd, which has a market valuation of $9.79 million, is expected to release its quarterly earnings report in January.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give JCSE a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that JCSE’s price is at present 46.58% off the SMA20 and 37.57% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.68, with weekly volatility standing at 16.98%. The indicator jumps to 15.54% when calculated based on the past 30 days. JE Cleantech Holdings Ltd (NASDAQ:JCSE)’s beta value is holding at -0.24, while the average true range (ATR) indicator is currently reading 0.19.
An analysis of the JE Cleantech Holdings Ltd (NASDAQ:JCSE) stock in terms of its daily trading volume indicates that the 3-month average is 70.78K. However, this figure increases on the past 10-day timeline to an average of 0.11 million.
Current records show that the company has 5.00M in outstanding shares. The insiders’ percentage holdings are 63.91% of outstanding shares while the percentage share held by institutions stands at 0.01%. The stats also highlight that short interest as of 2024-11-15, stood at 7167.0 shares, which puts the short ratio at the time at 0.06. From this we can glean that short interest is 40.00 of company’s current outstanding shares. Notably, we see that shares short in November fall slightly given the previous month’s figure stood at 31046.0. But the 138.67% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
