ParaZero Technologies Ltd (NASDAQ:PRZO) price on Thursday, December 26, rose 19.23% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.48.
A look at the stock’s price movement, the close in the last trading session was $2.08, moving within a range at $2.135 and $2.5. Turning to its 52-week performance, $2.77 and $0.49 were the 52-week high and 52-week low respectively. Overall, PRZO moved 291.04% over the past month.
ParaZero Technologies Ltd’s market cap currently stands at around $27.69 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 PRZO is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
PRZO’s current price about 52.64% and 144.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.06, while 7-day volatility ratio is 18.33% and 24.02% in the 30-day chart. Further, ParaZero Technologies Ltd (PRZO) has a beta value of -1.32, and an average true range (ATR) of 0.33.
If we refocus on ParaZero Technologies Ltd (NASDAQ:PRZO), historical trading data shows that trading volumes averaged 9.16 over the past 10 days and 7.02 million over the past 3 months. The company’s latest data on shares outstanding shows there are 11.16 million shares.
The 19.28% of ParaZero Technologies Ltd’s shares are in the hands of company insiders while institutional holders own 0.76% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.7 million on 2024-11-29, giving us a short ratio of 0.07. The data shows that as of 2024-11-29 short interest in ParaZero Technologies Ltd (PRZO) stood at 779.0 of shares outstanding, with shares short rising to 94467.0 registered in 2024-10-31. Current price change has pushed the stock 248.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PRZO stock continues to rise going into the next quarter.
