ATIF Holdings Ltd (NASDAQ:ATIF) shares, rose in value, with the stock price up by 24.29% to the previous day’s close as strong demand from buyers drove the stock to $0.87.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.70, falling within a range of $0.775 and $1.2467. The value of beta (5-year monthly) is -0.364. Referring to stock’s 52-week performance, its high was $1.50, and the low was $0.58. On the whole, ATIF has fluctuated by 24.29% over the past month.
With the market capitalization of ATIF Holdings Ltd currently standing at about $10.37 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ATIF’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 50% Buy.
The stock’s technical analysis shows that the price of ATIF currently trading nearly 28.49% and 11.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.92, while the 7-day volatility ratio is showing 5.78% which for the 30-day chart, stands at 8.85%. Furthermore, ATIF Holdings Ltd (ATIF)’s beta value is -0.41, and its average true range (ATR) is 0.11.
A comparison of ATIF Holdings Ltd (ATIF) with its peers suggests the former has fared considerably weaker in the market. ATIF showed an intraday change of 24.29% in today’s session so far, and over the past year, it shrunk by -16.35%%.
Data on historical trading for ATIF Holdings Ltd (NASDAQ:ATIF) indicates that the trading volumes over the past 10 days have averaged 5810.0 and over the past 3 months, they’ve averaged 76.09K. According to company’s latest data on outstanding shares, there are 11.92 million shares outstanding.
Nearly 56.60% of ATIF Holdings Ltd’s shares belong to company insiders and institutional investors own 0.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18458.0 shares as on 2024-10-31, resulting in a short ratio of 0.1. According to the data, the short interest in ATIF Holdings Ltd (ATIF) stood at 65.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 5654.0. The stock has fallen by -16.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ATIF stock heading into the next quarter.
