The trading price of ParaZero Technologies Ltd (NASDAQ:PRZO) closed higher on Friday, December 06, and closing at $1.85, 15.62% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.57 and $2.0. In examining the 52-week price action we see that the stock hit a 52-week high of $2.27 and a 52-week low of $0.49. Over the past month, the stock has gained 208.33% in value.
ParaZero Technologies Ltd, whose market valuation is $23.88 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. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest PRZO has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that PRZO’s price is currently 109.65% off the SMA20 and 149.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 76.27, and weekly volatility stands at 30.54%. When measured over the past 30 days, the indicator reaches 18.42%. ParaZero Technologies Ltd (NASDAQ:PRZO)’s beta value is currently sitting at -0.99, while the Average True Range indicator is currently displaying 0.26.
To see how ParaZero Technologies Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: PRZO stock’s performance was 15.62% in the latest trading, and 160.56% in the past year.
An evaluation of the daily trading volume of ParaZero Technologies Ltd (NASDAQ:PRZO) indicates that the 3-month average is 5.53 million. However, this figure has increased over the past 10 days to an average of 34.04.
Currently, records show that 11.16 million of the company’s shares remain outstanding. The insiders hold 19.28% of outstanding shares, whereas institutions hold 0.76%. The stats also highlight that short interest as of 2024-11-15, stood at 0.11 million shares, resulting in a short ratio of 0.76 at that time. From this, we can conclude that short interest is 118.00 of the company’s total outstanding shares. It is noteworthy that short shares in November were down slightly from the previous month’s figure, which was 0.12 million. However, since the stock’s price has seen 160.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
