Banzai International Inc (NASDAQ:BNZI) price on current trading day, fall -2.72% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.43.
A look at the stock’s price movement, the close in the last trading session was $1.47. Turning to its 52-week performance, $47.50 and $1.21 were the 52-week high and 52-week low respectively. Overall, BNZI moved 3.62% over the past month.
Banzai International Inc’s market cap currently stands at around $13.29 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.49M for the company’s revenue for the quarter, with a low and high estimate of 1.49M and 1.49M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BNZI is a 50% 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.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend BNZI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BNZI’s current price about -13.28% and -9.61% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.42, while 7-day volatility ratio is 8.88% and 14.15% in the 30-day chart. Further, Banzai International Inc (BNZI) has a beta value of -0.60, and an average true range (ATR) of 0.20.
If we refocus on Banzai International Inc (NASDAQ:BNZI), historical trading data shows that trading volumes averaged 2.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 9.29 million shares.
The 40.37% of Banzai International Inc’s shares are in the hands of company insiders while institutional holders own 4.06% of the company’s shares. Current price change has pushed the stock -6.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BNZI stock continues to rise going into the next quarter.
