Crown LNG Holdings Limited (NASDAQ:CGBS) shares, rose in value on Thursday, January 02, with the stock price up by 69.48% to the previous day’s close as strong demand from buyers drove the stock to $0.68.
Actively observing the price movement in the last trading, the stock closed the session at $0.40, falling within a range of $0.6201 and $1.25. The value of beta (5-year monthly) was -0.226. Referring to stock’s 52-week performance, its high was $12.70, and the low was $0.25. On the whole, CGBS has fluctuated by 110.98% over the past month.
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With the market capitalization of Crown LNG Holdings Limited currently standing at about $5.34 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
The stock’s technical analysis shows that the price of CGBS currently trading nearly 107.95% and 97.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 82.40, while the 7-day volatility ratio is showing 62.45% which for the 30-day chart, stands at 24.42%. Furthermore, Crown LNG Holdings Limited (CGBS)’s beta value is -0.22, and its average true range (ATR) is 0.13.
A comparison of Crown LNG Holdings Limited (CGBS) with its peers suggests the former has fared considerably weaker in the market. CGBS showed an intraday change of 69.48% in last session, and over the past year, it shrunk by -93.84%%.
Data on historical trading for Crown LNG Holdings Limited (NASDAQ:CGBS) indicates that the trading volumes over the past 10 days have averaged 9.16 and over the past 3 months, they’ve averaged 2.19 million. According to company’s latest data on outstanding shares, there are 1.57 million shares outstanding.
Nearly 84.64% of Crown LNG Holdings Limited’s shares belong to company insiders and institutional investors own 27.85% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.06 million shares as on 2024-12-13, resulting in a short ratio of 1.12. According to the data, the short interest in Crown LNG Holdings Limited (CGBS) stood at 210.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 0.73 million. The stock has risen by 69.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CGBS stock heading into the next quarter.
