Graphjet Technology (NASDAQ:GTI) traded at $0.30 at last check on current trade day and made a downward move of -6.25% on its previous day’s price.
Looking at the stock we see that its previous close was $0.32 and the beta (5Y monthly) reads -0.272 with the day’s price range being $0.2872 – $0.32. The company has a trailing 12-month PE ratio of 27.52. In terms of its 52-week price range, GTI has a high of $14.00 and a low of $0.19. The company’s stock has lost about -11.37% over that past 30 days.
Graphjet Technology has a market cap of $44.03 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the GTI stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -43.82% off its SMA20 and -78.27% from its 50-day simple moving average. The RSI (14) is pointing at 35.85 while the volatility over the past week is 25.28% and jumps to 45.20% over the past one month. The beta value is 0.00, while the average true range (ATR) is currently pointing at 0.21.
Coming back to Graphjet Technology (NASDAQ:GTI), we note that the average 3-month trading volume was 15.82 million, while that of the preceding 10-day period stands at 6.8 million. Current shares outstanding are 146.74 million.
The insiders hold 26.01% of the company’s shares while institutions hold 0.04%. The data shows that short shares as of 2025-01-15, stood at 0.77 million at a short ratio of 0.02. This represents a 176.00 short interest in shares outstanding on 2025-01-15. Shares short rose in January from the previous month at 96054.0. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -66.67% down in year-to-date price movement.
