ParaZero Technologies Ltd (NASDAQ:PRZO) shares, rose in value, with the stock price down by -4.13% to the previous day’s close as strong demand from buyers drove the stock to $1.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.94, falling within a range of $1.75 and $1.94. Referring to stock’s 52-week performance, its high was $3.16, and the low was $0.49. On the whole, PRZO has fluctuated by -8.83% over the past month.
With the market capitalization of ParaZero Technologies Ltd currently standing at about $20.77 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 PRZO’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 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of PRZO currently trading nearly -10.56% and 23.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.94, while the 7-day volatility ratio is showing 11.33% which for the 30-day chart, stands at 15.46%. Furthermore, ParaZero Technologies Ltd (PRZO)’s beta value is -1.91, and its average true range (ATR) is 0.30.
A comparison of ParaZero Technologies Ltd (PRZO) with its peers suggests the former has fared considerably weaker in the market. PRZO showed an intraday change of -4.13% in today’s session so far, and over the past year, it grew by 173.60%%.
Data on historical trading for ParaZero Technologies Ltd (NASDAQ:PRZO) indicates that the trading volumes over the past 10 days have averaged 7.89 and over the past 3 months, they’ve averaged 8.89 million. According to company’s latest data on outstanding shares, there are 11.16 million shares outstanding.
Nearly 19.28% of ParaZero Technologies Ltd’s shares belong to company insiders and institutional investors own 0.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.48 million shares as on 2024-12-31, resulting in a short ratio of 0.04. According to the data, the short interest in ParaZero Technologies Ltd (PRZO) stood at 536.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 0.7 million. The stock has fallen by -8.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PRZO stock heading into the next quarter.
