Graphex Group Limited ADR (AMEX:GRFX) price on current trading day, rose 28.69% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.37.
A look at the stock’s price movement, the level at last check in today’s session was $0.29, moving within a range at $0.325 and $0.5277. The beta value (5-Year monthly) was 0.615. Turning to its 52-week performance, $1.00 and $0.14 were the 52-week high and 52-week low respectively. Overall, GRFX moved 100.60% over the past month.
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Graphex Group Limited ADR’s market cap currently stands at around $21.57 million, with investors looking forward to this quarter’s earnings report slated for in January.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 170.78M, representing a -41.50% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GRFX 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.
GRFX’s current price about 65.94% and 64.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.32, while 7-day volatility ratio is 37.51% and 17.64% in the 30-day chart. Further, Graphex Group Limited ADR (GRFX) has a beta value of 1.60, and an average true range (ATR) of 0.05. Analysts have given the company’s stock an average 52-week price target of $0.4, forecast between a low of $0.4 and high of $0.4. Looking at the price targets, the low is -8.11% off recent price level in today’s trading while to achieve the yearly target high, it has to move -8.11%. Nonetheless, investors will most likely welcome a -8.11% jump to $0.4 which is the analysts’ median price.
If we refocus on Graphex Group Limited ADR (AMEX:GRFX), historical trading data shows that trading volumes averaged 0.65 over the past 10 days and 329.47K over the past 3 months. The company’s latest data on shares outstanding shows there are 48.56 million shares.
Also important is the data on short interest which shows that short shares stood at 47594.0 on 2024-11-29, giving us a short ratio of 0.62. The data shows that as of 2024-11-29 short interest in Graphex Group Limited ADR (GRFX) stood at 9.000000400000001 of shares outstanding, with shares short falling to 71649.0 registered in 2024-10-31. Current price change has pushed the stock -57.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GRFX stock continues to rise going into the next quarter.
