The trading price of Inuvo Inc (AMEX:INUV) closed higher on Friday, December 06, and closing at $0.34, 10.35% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $0.311 and $0.3486. In examining the 52-week price action we see that the stock hit a 52-week high of $0.57 and a 52-week low of $0.19. Over the past month, the stock has gained 38.65% in value.
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Inuvo Inc, whose market valuation is $52.06 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest INUV has a Hold 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 50% Buy.
A quick review shows that INUV’s price is currently 30.33% off the SMA20 and 34.60% off the SMA50. The RSI metric on the 14-day chart is currently showing 63.38, and weekly volatility stands at 15.93%. When measured over the past 30 days, the indicator reaches 12.60%. Inuvo Inc (AMEX:INUV)’s beta value is currently sitting at 1.20, while the Average True Range indicator is currently displaying 0.03.
To see how Inuvo Inc stock has been performing in comparison to its peers in the industry, here are the numbers: INUV stock’s performance was 10.35% in the latest trading, and 17.33% in the past year.
An evaluation of the daily trading volume of Inuvo Inc (AMEX:INUV) indicates that the 3-month average is 694.49K. However, this figure has increased over the past 10 days to an average of 2.02.
Currently, records show that 140.47 million of the company’s shares remain outstanding. The insiders hold 18.37% of outstanding shares, whereas institutions hold 19.11%. The stats also highlight that short interest as of 2024-10-15, stood at 0.34 million shares, resulting in a short ratio of 0.88 at that time. From this, we can conclude that short interest is 26.00 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 0.36 million. However, since the stock’s price has seen -20.99% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
