Autozi Internet Technology (Global) Ltd (NASDAQ: AZI): What’s Next After The Stock Plunge?

AMAT

The trading price of Autozi Internet Technology (Global) Ltd (NASDAQ:AZI) closed lower on Friday, January 17, and closing at $0.82, -2.54% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $0.82 and $0.8757. In examining the 52-week price action we see that the stock hit a 52-week high of $4.05 and a 52-week low of $0.75. Over the past month, the stock has lost -26.55% in value.

Autozi Internet Technology (Global) Ltd, whose market valuation is $86.36 million at the time of this writing, is expected to release its quarterly earnings report in February. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.

A quick review shows that AZI’s price is currently -5.83% off the SMA20 and -36.04% off the SMA50. The RSI metric on the 14-day chart is currently showing 40.56, and weekly volatility stands at 8.83%. When measured over the past 30 days, the indicator reaches 10.14%. Autozi Internet Technology (Global) Ltd (NASDAQ:AZI)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.12.

To see how Autozi Internet Technology (Global) Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: AZI stock’s performance was -2.54% in the latest trading.

An evaluation of the daily trading volume of Autozi Internet Technology (Global) Ltd (NASDAQ:AZI) indicates that the 3-month average is 931.22K. However, this figure has increased over the past 10 days to an average of 0.11.

Currently, records show that 70.39 million of the company’s shares remain outstanding. The insiders hold 55.46% of outstanding shares, whereas institutions hold 0.13%. The stats also highlight that short interest as of 2024-12-31, stood at 32117.0 shares, resulting in a short ratio of 0.11 at that time. From this, we can conclude that short interest is 5.00 of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 0.2 million. However, since the stock’s price has seen 1.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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