ScanTech AI Systems Inc (STAI) Could Be Sitting On A Goldmine

ScanTech AI Systems Inc (NASDAQ:STAI) concluded the trading at $3.14 on Wednesday, February 19 with a fall of -10.54% from its closing price on previous day.

Company’s P/E ratio for the trailing 12 months is 17.05. Considering stock’s 52-week price range provides that STAI hit a high price of $12.19 and saw its price falling to a low level of $1.23 during that period. Over a period of past 1-month, stock came adding 79.43% in its value.

With its current market valuation of $65.11 million, ScanTech AI Systems Inc is set to declare its quarterly results in March. Analysts are in estimates of 0 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to 0 for current year with estimates of that growing to 0 in next year.

Digging deeper we become aware of the PEG ratio of the STAI stock which is currently positioned at 0. It further provides that stock’s current price level is 79.79% away from its 20-day simple moving average and is -20.39% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 57.06 while volatility remained at 44.66% over the past week which changes to 25.39% when measuring it over the past month. Beta is valued at -0.20, while measure of average true range or ATR is currently at 0.66.

The percentage of outstanding shares held by the insiders is 17.43% while it is 147.55% for the institutional holders. Subtraction of -66.42% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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