Graphjet Technology (NASDAQ:GTI) price on Wednesday, February 05, rose 0.62% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.33.
A look at the stock’s price movement, the close in the last trading session was $0.32, moving within a range at $0.3012 and $0.3268. The beta value (5-Year monthly) was -0.272 while the PE ratio in trailing twelve months stood at 29.98. Turning to its 52-week performance, $14.00 and $0.19 were the 52-week high and 52-week low respectively. Overall, GTI moved -63.28% over the past month.
Graphjet Technology’s market cap currently stands at around $47.95 million, with investors looking forward to this quarter’s earnings report slated for in March.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GTI is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
GTI’s current price about -12.73% and -70.24% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.30, while 7-day volatility ratio is 12.33% and 25.36% in the 30-day chart. Further, Graphjet Technology (GTI) has a beta value of 0.02, and an average true range (ATR) of 0.15.
If we refocus on Graphjet Technology (NASDAQ:GTI), historical trading data shows that trading volumes averaged 4.22 over the past 10 days and 15.94 million over the past 3 months. The company’s latest data on shares outstanding shows there are 146.74 million shares.
The 26.01% of Graphjet Technology’s shares are in the hands of company insiders while institutional holders own 0.04% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.77 million on 2025-01-15, giving us a short ratio of 0.02. The data shows that as of 2025-01-15 short interest in Graphjet Technology (GTI) stood at 176.0 of shares outstanding, with shares short rising to 96054.0 registered in 2024-12-13. Current price change has pushed the stock -63.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GTI stock continues to rise going into the next quarter.
