Graphjet Technology (NASDAQ:GTI) traded at $0.59 at close of the session on Tuesday, December 17 and made a downward move of -23.04% on its previous day’s price.
Looking at the stock we see that its previous close was $0.77 and the beta (5Y monthly) reads -0.272 with the day’s price range being $0.5661 – $0.9276. The company has a trailing 12-month PE ratio of 54.23. In terms of its 52-week price range, GTI has a high of $14.00 and a low of $0.65. The company’s stock has lost about -80.87% over that past 30 days.
Graphjet Technology has a market cap of $86.74 million and is expected to release its quarterly earnings report in January.
On the other hand, looking at the outlook for the GTI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -74.05% off its SMA20 and -75.38% from its 50-day simple moving average. The RSI (14) is pointing at 25.35 while the volatility over the past week is 60.57% and jumps to 30.66% over the past one month. The beta value is -0.07, while the average true range (ATR) is currently pointing at 0.49.
Coming back to Graphjet Technology (NASDAQ:GTI), we note that the average 3-month trading volume was 328.19K, while that of the preceding 10-day period stands at 1.58 million. Current shares outstanding are 146.74 million.
The insiders hold 45.17% of the company’s shares while institutions hold 0.04%. The data shows that short shares as of 2024-11-29, stood at 88488.0 at a short ratio of 1.74. This represents a 20.00 short interest in shares outstanding on 2024-11-29. Shares short fall in November from the previous month at 91609.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -94.77% down in year-to-date price movement.
