Crown LNG Holdings Limited (NASDAQ:CGBS) shares, rose in value on Thursday, January 23, with the stock price down by -2.98% 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 $0.70, falling within a range of $0.665 and $0.8297. 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 159.09% over the past month.
With the market capitalization of Crown LNG Holdings Limited currently standing at about $313.56 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 10.68% and 48.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.20, while the 7-day volatility ratio is showing 19.15% which for the 30-day chart, stands at 38.64%. Furthermore, Crown LNG Holdings Limited (CGBS)’s beta value is -0.02, and its average true range (ATR) is 0.18.
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 -2.98% in last session, and over the past year, it shrunk by -93.85%%.
Data on historical trading for Crown LNG Holdings Limited (NASDAQ:CGBS) indicates that the trading volumes over the past 10 days have averaged 50.49 and over the past 3 months, they’ve averaged 15.36 million. According to company’s latest data on outstanding shares, there are 460.18 million shares outstanding.
Nearly 5.86% of Crown LNG Holdings Limited’s shares belong to company insiders and institutional investors own 0.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.21 million shares as on 2024-12-31, resulting in a short ratio of 0.24. According to the data, the short interest in Crown LNG Holdings Limited (CGBS) stood at 27.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 0.41 million. The stock has risen by 70.31% 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.
