Graphjet Technology (NASDAQ:GTI) shares, rose in value on Friday, February 14, with price down by -2.21% to the previous day’s close as strong demand from buyers drove the stock to $0.31.
Actively observing the price movement in the last trading, the stock closed the session at $0.32, falling within a range of $0.3001 and $0.3199. The value of beta (5-year monthly) was 0.034 whereas the PE ratio was 28.44 over 12-month period. Referring to stock’s 52-week performance, its high was $14.00, and the low was $0.19. On the whole, GTI has fluctuated by -35.42% over the past month.
With the market capitalization of Graphjet Technology currently standing at about $45.49 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GTI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GTI currently trading nearly -3.78% and -58.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.61, while the 7-day volatility ratio is showing 10.46% which for the 30-day chart, stands at 16.02%. Furthermore, Graphjet Technology (GTI)’s beta value is 0.04, and its average true range (ATR) is 0.10.
A comparison of Graphjet Technology (GTI) with its peers suggests the former has fared considerably weaker in the market. GTI showed an intraday change of -2.21% in last session, and over the past year, it shrunk by -97.32%%.
Data on historical trading for Graphjet Technology (NASDAQ:GTI) indicates that the trading volumes over the past 10 days have averaged 1.42 and over the past 3 months, they’ve averaged 16.09 million. According to company’s latest data on outstanding shares, there are 146.74 million shares outstanding.
Nearly 26.01% of Graphjet Technology’s shares belong to company insiders and institutional investors own 0.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.18 million shares as on 2025-01-31, resulting in a short ratio of 0.16. According to the data, the short interest in Graphjet Technology (GTI) stood at 272.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 3.84 million. The stock has fallen by -65.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GTI stock heading into the next quarter.
