CleanCore Solutions Inc (AMEX: ZONE): What’s Next In 2024?

CleanCore Solutions Inc (AMEX:ZONE) shares, rose in value on Thursday, December 12, with the stock price up by 8.70% to the previous day’s close as strong demand from buyers drove the stock to $1.75.

Actively observing the price movement in the last trading, the stock closed the session at $1.61, falling within a range of $1.34 and $1.8. Referring to stock’s 52-week performance, its high was $4.24, and the low was $1.21. On the whole, ZONE has fluctuated by -5.77% over the past month.

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With the market capitalization of CleanCore Solutions Inc currently standing at about $14.90 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.

The stock’s technical analysis shows that the price of ZONE currently trading nearly 13.38% and 16.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.19, while the 7-day volatility ratio is showing 19.90% which for the 30-day chart, stands at 18.42%. Furthermore, CleanCore Solutions Inc (ZONE)’s average true range (ATR) is 0.25.

Data on historical trading for CleanCore Solutions Inc (AMEX:ZONE) indicates that the trading volumes over the past 10 days have averaged 1.58 and over the past 3 months, they’ve averaged 313.83K. According to company’s latest data on outstanding shares, there are 8.51 million shares outstanding.

Nearly 74.80% of CleanCore Solutions Inc’s shares belong to company insiders and institutional investors own 0.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29396.0 shares as on 2024-10-31, resulting in a short ratio of 3.84. The stock has fallen by -50.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZONE stock heading into the next quarter.

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