Baosheng Media Group Holdings Ltd (NASDAQ:BAOS) price on Thursday, December 26, fall -37.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.42.
A look at the stock’s price movement, the close in the last trading session was $7.10, moving within a range at $3.9 and $5.75. The beta value (5-Year monthly) was 1.286. Turning to its 52-week performance, $13.66 and $1.44 were the 52-week high and 52-week low respectively. Overall, BAOS moved 125.51% over the past month.
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Baosheng Media Group Holdings Ltd’s market cap currently stands at around $6.78 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 BAOS is a Hold. 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.
BAOS’s current price about 111.31% and 117.45% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.44, while 7-day volatility ratio is 90.28% and 29.90% in the 30-day chart. Further, Baosheng Media Group Holdings Ltd (BAOS) has a beta value of 1.00, and an average true range (ATR) of 1.17.
If we refocus on Baosheng Media Group Holdings Ltd (NASDAQ:BAOS), historical trading data shows that trading volumes averaged 5.9 over the past 10 days and 942.26K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.53 million shares.
The 41.14% of Baosheng Media Group Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 0.07% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6558.0 on 2024-11-29, giving us a short ratio of 0.68. The data shows that as of 2024-11-29 short interest in Baosheng Media Group Holdings Ltd (BAOS) stood at 63.0 of shares outstanding, with shares short rising to 5244.0 registered in 2024-10-31. Current price change has pushed the stock 22.44% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BAOS stock continues to rise going into the next quarter.
