ScanTech AI Systems Inc (NASDAQ:STAI) shares, rose in value on Thursday, January 23, with the stock price down by -12.50% to the previous day’s close as strong demand from buyers drove the stock to $1.89.
Actively observing the price movement in the last trading, the stock closed the session at $2.16, falling within a range of $1.7606 and $2.1389. The PE ratio was 10.26 over 12-month period. Referring to stock’s 52-week performance, its high was $12.19, and the low was $1.41. On the whole, STAI has fluctuated by -62.43% over the past month.
With the market capitalization of ScanTech AI Systems Inc currently standing at about $35.38 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
The stock’s technical analysis shows that the price of STAI currently trading nearly -48.22% and -74.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.79, while the 7-day volatility ratio is showing 35.41% which for the 30-day chart, stands at 49.94%. Furthermore, ScanTech AI Systems Inc (STAI)’s beta value is -0.21, and its average true range (ATR) is 1.12.
A comparison of ScanTech AI Systems Inc (STAI) with its peers suggests the former has fared considerably weaker in the market. STAI showed an intraday change of -12.50% in last session, and over the past year, it shrunk by -81.83%%.
Data on historical trading for ScanTech AI Systems Inc (NASDAQ:STAI) indicates that the trading volumes over the past 10 days have averaged 6.97 and over the past 3 months, they’ve averaged 1.57 million. According to company’s latest data on outstanding shares, there are 4.47 million shares outstanding.
Nearly 37.03% of ScanTech AI Systems Inc’s shares belong to company insiders and institutional investors own 43.01% of the company’s shares. The stock has fallen by -79.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STAI stock heading into the next quarter.
