Graphex Group Limited ADR (AMEX:GRFX) shares, rose in value on Thursday, January 02, with the stock price up by 11.03% to the previous day’s close as strong demand from buyers drove the stock to $0.31.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.28, falling within a range of $0.2875 and $0.3249. The value of beta (5-year monthly) is 0.615. Referring to stock’s 52-week performance, its high was $0.99, and the low was $0.14. On the whole, GRFX has fluctuated by 49.00% over the past month.
With the market capitalization of Graphex Group Limited ADR currently standing at about $17.93 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GRFX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of GRFX currently trading nearly 27.71% and 34.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.36, while the 7-day volatility ratio is showing 50.14% which for the 30-day chart, stands at 24.23%. Furthermore, Graphex Group Limited ADR (GRFX)’s beta value is 1.48, and its average true range (ATR) is 0.07.
A comparison of Graphex Group Limited ADR (GRFX) with its peers suggests the former has fared considerably weaker in the market. GRFX showed an intraday change of 11.03% in today’s session so far, and over the past year, it shrunk by -65.68%%.
Data on historical trading for Graphex Group Limited ADR (AMEX:GRFX) indicates that the trading volumes over the past 10 days have averaged 1.78 and over the past 3 months, they’ve averaged 494.19K. According to company’s latest data on outstanding shares, there are 48.56 million shares outstanding.
Graphex Group Limited ADR’s shares belong to company insiders and institutional investors own 4.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18376.0 shares as on 2024-12-13, resulting in a short ratio of 0.23. According to the data, the short interest in Graphex Group Limited ADR (GRFX) stood at 4.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 55498.0. The stock has risen by 11.03% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRFX stock heading into the next quarter.
