Carbon Revolution Public Ltd. Co (NASDAQ:CREV) price on Thursday, December 26, fall -11.90% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.07.
A look at the stock’s price movement, the close in the last trading session was $9.16, moving within a range at $6.33 and $9.08. The beta value (5-Year monthly) was -0.64. Turning to its 52-week performance, $33.99 and $2.00 were the 52-week high and 52-week low respectively. Overall, CREV moved 190.29% over the past month.
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Carbon Revolution Public Ltd. Co’s market cap currently stands at around $15.21 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CREV is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
CREV’s current price about 158.42% and 149.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.50, while 7-day volatility ratio is 57.60% and 24.08% in the 30-day chart. Further, Carbon Revolution Public Ltd. Co (CREV) has a beta value of 2.65, and an average true range (ATR) of 1.30. Analysts have given the company’s stock an average 52-week price target of $39, forecast between a low of $39 and high of $39. Looking at the price targets, the low is -383.27% off current price level while to achieve the yearly target high, price needs to move -383.27%. Nonetheless, investors will most likely welcome a -383.27% jump to $39 which is the analysts’ median price.
If we refocus on Carbon Revolution Public Ltd. Co (NASDAQ:CREV), historical trading data shows that trading volumes averaged 3.0 over the past 10 days and 506.04K over the past 3 months. The company’s latest data on shares outstanding shows there are 6.27 million shares.
The 7.11% of Carbon Revolution Public Ltd. Co’s shares are in the hands of company insiders while institutional holders own 1.79% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 23499.0 on 2024-11-29, giving us a short ratio of 0.44. The data shows that as of 2024-11-29 short interest in Carbon Revolution Public Ltd. Co (CREV) stood at 129.99999 of shares outstanding, with shares short falling to 24101.0 registered in 2024-10-31. Current price change has pushed the stock -64.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CREV stock continues to rise going into the next quarter.
