The trading price of Bon Natural Life Ltd (NASDAQ:BON) closed lower on Friday, January 17, and closing at $1.49, -10.08% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.42 and $1.699. The company’s P/E ratio in the trailing 12-month period was 7.10, while its 5Y monthly beta was -1.184. In examining the 52-week price action we see that the stock hit a 52-week high of $6.00 and a 52-week low of $1.23. Over the past month, the stock has lost -12.20% in value.
Bon Natural Life Ltd, whose market valuation is $5.93 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.
On the technical side, indicators suggest BON has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that BON’s price is currently -9.38% off the SMA20 and -6.21% off the SMA50. The RSI metric on the 14-day chart is currently showing 40.71, and weekly volatility stands at 7.21%. When measured over the past 30 days, the indicator reaches 9.79%. Bon Natural Life Ltd (NASDAQ:BON)’s beta value is currently sitting at -1.09, while the Average True Range indicator is currently displaying 0.15.
To see how Bon Natural Life Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: BON stock’s performance was -10.08% in the latest trading, and -71.26% in the past year. Bon Natural Life Ltd has a P/E ratio of 7.10.
An evaluation of the daily trading volume of Bon Natural Life Ltd (NASDAQ:BON) indicates that the 3-month average is 26.34K. However, this figure has increased over the past 10 days to an average of 36970.0.
Currently, records show that 14.14 million of the company’s shares remain outstanding. The insiders hold 6.58% of outstanding shares, whereas institutions hold 1.74%. The stats also highlight that short interest as of 2024-12-31, stood at 13551.0 shares, resulting in a short ratio of 0.34 at that time. From this, we can conclude that short interest is 36.00 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 19888.0. However, since the stock’s price has seen -15.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
