Aeries Technology Inc (NASDAQ:AERT) shares, rose in value on Friday, January 03, with the stock price down by -6.32% to the previous day’s close as strong demand from buyers drove the stock to $0.89.
Actively observing the price movement in the last trading, the stock closed the session at $0.95, falling within a range of $0.88 and $1.05. The value of beta (5-year monthly) was -0.42 whereas the PE ratio was 1.91 over 12-month period. Referring to stock’s 52-week performance, its high was $3.12, and the low was $0.59. On the whole, AERT has fluctuated by 1.25% over the past month.
With the market capitalization of Aeries Technology Inc currently standing at about $39.61 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 AERT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of AERT currently trading nearly 10.97% and -20.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.20, while the 7-day volatility ratio is showing 68.44% which for the 30-day chart, stands at 26.59%. Furthermore, Aeries Technology Inc (AERT)’s beta value is -0.63, and its average true range (ATR) is 0.27.
A comparison of Aeries Technology Inc (AERT) with its peers suggests the former has fared considerably weaker in the market. AERT showed an intraday change of -6.32% in last session, and over the past year, it shrunk by -62.61%%.
Data on historical trading for Aeries Technology Inc (NASDAQ:AERT) indicates that the trading volumes over the past 10 days have averaged 1.51 and over the past 3 months, they’ve averaged 279.63K. According to company’s latest data on outstanding shares, there are 44.50 million shares outstanding.
Nearly 75.98% of Aeries Technology Inc’s shares belong to company insiders and institutional investors own 7.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 98654.0 shares as on 2024-10-31, resulting in a short ratio of 1.4. According to the data, the short interest in Aeries Technology Inc (AERT) stood at 84.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 79030.0. The stock has fallen by -4.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AERT stock heading into the next quarter.
