VCI Global Ltd (NASDAQ:VCIG) shares, rose in value, with the stock price up by 15.53% to the previous day’s close as strong demand from buyers drove the stock to $1.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.61, falling within a range of $1.81 and $2.24. Referring to stock’s 52-week performance, its high was $142.10, and the low was $1.38. On the whole, VCIG has fluctuated by 21.57% over the past month.
With the market capitalization of VCI Global Ltd currently standing at about $24.26 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 VCIG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of VCIG currently trading nearly -16.83% and -44.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.99, while the 7-day volatility ratio is showing 15.89% which for the 30-day chart, stands at 33.19%. Furthermore, VCI Global Ltd (VCIG)’s beta value is 1.49, and its average true range (ATR) is 0.75.
A comparison of VCI Global Ltd (VCIG) with its peers suggests the former has fared considerably weaker in the market. VCIG showed an intraday change of 15.53% in today’s session so far, and over the past year, it shrunk by -98.34%%.
Data on historical trading for VCI Global Ltd (NASDAQ:VCIG) indicates that the trading volumes over the past 10 days have averaged 7.34 and over the past 3 months, they’ve averaged 5.50 million. According to company’s latest data on outstanding shares, there are 38.03 million shares outstanding.
Nearly 20.11% of VCI Global Ltd’s shares belong to company insiders and institutional investors own 0.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.92 million shares as on 2024-11-29, resulting in a short ratio of 0.07. According to the data, the short interest in VCI Global Ltd (VCIG) stood at 2696.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 0.12 million. The stock has fallen by -98.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VCIG stock heading into the next quarter.
